Finance Minister Arun Jaitley had on February 1 announced introduction of electoral bonds.
This is a decline of nearly 40 percent from a quarter ago, which saw 9,077 willful defaulters with unpaid loans worth Rs 1.07 lakh crore.
The conditions include complying with Net Owned Funds at Rs 100 cr, approval of at least half of the Board and delegating more powers to the Board
Viral Acharya said efficient monetary transmission is a sine qua non (a necessary condition) for the successful pursuit of its objectives by any central bank.
The Reserve Bank of India said on Friday it was withdrawing the OMO sale that was scheduled for Nov. 23 due to "recent market developments and based on a fresh review of the current and evolving liquidity conditions".
Week started off with the shocking robbery at Bank of Baroda, government charting out reform banks, SBI reducing employee base and ending with the big bank announcement of Moody’s upgrading India, SBI and HDFC Bank
The Reserve Bank of India is soon likely to issue clarifications on the guidelines for peer-to-peer (P2P) lending platforms relating to the lending limits, trusteeship and other operational norms.
"Therefore I believe that, now that the monsoon has also been good, the food prices may come down rather than further rise," the former governor of the RBI told PTI.
Most public and private sector banks mention in their agreement clause while filling the application form to rent a locker facility that the banks are not responsible for any loss or damage to the contents of a locker
In September 2016, India had exported services worth USD 13.77 billion. The import grew 1.7 per cent from USD 8.30 billion last year.
The first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds with a 10-year tenure and offering a coupon rate of around 7 percent would be issued by the Centre in the first week of December.
Retail inflation, a key input for RBI in setting the key interest rate, has been rising consistently since June amid a slowdown in factory output measured by the Index of Industrial Production (IIP).
The scheme of simplified hedging facility was first announced by the Reserve Bank of India (RBI) in August 2016 and the draft scheme was released in April 2017.
Last month, RBI levied a monetary penalty of Rs 6 crore on Yes Bank for failing to report a cyber-security breach of its ATM network
Banking sector during the week saw more of disappointing news of job cuts, bad loans and NPA divergences raising questions on bank auditors. Further public sector banks reported losses due to rise in bad loans
The comments from Rajan, currently a professor at University of Chicago Booth School of Business, came after the U.S. Treasury said it would be "closely monitoring" India's foreign exchangeand macroeconomic policies in its latest report on its trading partners' exchange rate policies.
There was a marginal decrease in the employee strength of the domestic banks operating abroad to 3,984 in 2016-17 from 4,040 in 2015-16.
Private sector banks reported cumulative divergences of Rs 12,000 crore after the RBI asked to make disclosures in classifying select accounts as NPAs, which earlier were not classified by the bank.
US President Donald Trump is expected to soon announce a successor to Federal Reserve Chair Janet Yellen, whose term expires early next year. "If sports teams can recruit the best talent from around the globe, why not central banks?" asked an article in Barron's magazine while pitching for Rajan as the next head of the Federal Reserve.
Despite a 34 percent drop in net profit at Rs 2,058 crore from a year ago, the Mumbai-based bank saw its gross non-performing assets (NPAs) in the three month period July-September decreased even as it spiked from a year-ago period.
In their quest to raise cheap funds from abroad; Masala Bonds have become the latest hot instrument for Indian companies.
This is the second time that the RBI, in its annual risk-based supervision, has observed divergences in both the banks’ NPA reporting.
Public comments were sought on recommendations of the study group to review the working of the Marginal Cost of Funds based Lending Rate (MCLR) System
Urjit Patel calls it a “real chance” to put in place comprehensive and coherent, rather than piece-meal, strategy to address the banking sector challenges
The RBI in a release said the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.