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The RBI wants NBFCs to diversify their sources of funds further away from banks. The hike in risk weights on bank loans to NBFCs announced in November should encourage better pricing of risks by banks
He said that financial stability is non-negotiable and all stakeholders in the financial system must work to preserve this at all times.
On Mother's Day, several single mothers share their journey to financial stability. Financial planning and preparedness helped them stay emotionally and financially stable while also ensuring a safe future for their child.
The Financial Stability Board says it is working closely with the Basel Committee on Banking Supervision and other standard-setting bodies to draw out the lessons from the recent turmoil and the consequent priorities for future
The central bank's optimism on domestic growth could get tested by transmission risks posed by global events on the trade and financial market fronts
The FSDC noted the need to monitor financial sector risks, financial conditions and market developments on a continuous basis so that appropriate and timely action can be taken to mitigate any vulnerability.
The central bank, in its 25th Financial Stability Report (FSR), said the advent of FinTech has exposed the banking system to new risks which extend beyond prudential issues and often intersect with other public policy objectives relating to safeguarding of data privacy, cyber security, consumer protection, competition and compliance with anti-money laundering policies
The IMF’s warning comes even as the risks associated with fintechs seem to have caught up with investors. Stock prices of some of the big fintech companies came under fire in advanced economies recently.
Speaking at the HTLS Summit 2021, the Finance Minister, however, reiterated that unregulated speculation about the developments in crypto space is ‘unhealthy.’
The RBI observed that CBDC can be designed to endorse financial inclusion by direct benefit transfer, endorse non-anonymity at a personal level and regulate transactions. Adding more, the RBI added that CBDC can help pump central bank ‘helicopter money’.
"The decision of the State Bank of India (SBI) and all other banks coming together, it is not guided by the return on capital principles or investments. It is all guided by providing stability to the financial system," Kumar told reporters at the listing ceremony of SBI Cards and Payment Services here.
As the RBI looks to appoint its fourth Deputy Governor, it might not be a bad idea to look at some of the appointment ideas coming from New Zealand’s central bank.
Financial conditions in international markets are more accommodative than in 2018.
Both the government and RBI would do well to contemplate how external finance should be managed.
An emerging market country like India will need to be prepared and carefully respond to the evolving global economic situation.
Addressing a group of journalists here on Sunday, he also said the International Monetary Fund does not want politicians "manipulating" central banks for political ends.
State Bank of India has heard from both the sides but has not intervened till now. It however plans to take a look at the financial stability and corporate governance practices of the group companies.
While observing that "important steps" have been taken in recent years to develop the country's macroprudential policy framework, FSB said the authorities also need to consider potential policy trade-offs in the future.
The government is considering whether to ease the repayment mechanism further for cash-starved steel companies which are facing the crunch due to persistent slowdown
Chiefs of financial sector regulators, including that of RBI and SEBI, along with senior officials at the finance ministry today took stock of the major developments on the global and domestic fronts that impinge on the financial stability of the country.
According to the report, the total bad loans for banks as percentage of total assets will rise to 4.8 percent by September from 4.5 percent in March.
Fischer said it's unclear if we're in secular stagnation or a debt supercycle, and warned against complacency bred from financial stability.
The RBI Financial Stability report says that delay in tapering allowed India to adjust current account deficit (CAD) and India has built buffers by replenishing forex reserves.
Ramalingam K of holisticinvestment.in discusses the need for a life insurance cover.