The banking regulator proposed that it will implement LCR through a glide path from April 1,2020 to April 1, 2024
In the previous week, the reserves had risen by $1.368 billion to reach $420.055 billion.
Vaibhavi Khanwalkar chats with Moneycontrol Deputy Executive Editor, Ravi Krishnan to understand if DHFL's move will worsen the NBFC crisis.
The RBI board, spearheaded by Governor Shaktikanta Das, convened in Chennai on May 22 to discuss the ongoing crisis in NBFCs
If exit polls are proved wrong and the NDA fails to get a majority, uncertainty on the economic front is bound to increase.
Going forward, there is an expectation that the policy repo rate would be reduced further, with GDP growth data coming under the scanner and high-frequency indicators pointing to a slowdown.
This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.
The RBI's central board that met in Chennai on May 20, reviewed the present structure of supervision in light of growing diversity, complexities and inter-connectedness within the Indian financial sector.
Unlike regular citizens of India, NRIs cannot have standard savings accounts in Indian banks. There are three popular type of bank accounts an NRI could operate i.e. non-resident ordinary account, non-resident external account and foreign currency non-resident (B) account.
Compression of consumption expenditure is an early sign of a structural slowdown in income growth.
The design of these notes is similar in all respect to Rs 10 banknotes in Mahatma Gandhi (new) series.
The RBI has said it will implement the approach outlined in the document during the period 2019 - 2021.
Performance bonus worth Rs 6,217,823 given to Kapoor in FY15 end and Rs 8,245,416 in FY16 end was clawed back.
Vaibhavi Khanwalkar chats with Moneycontrol Deputy Executive Editor, Ravi Krishnan to find out if this move will help put an end to defaults.
Welcoming the appointment in a statement, the city-headquartered bank said the appointment is "very positive and constructive measure" to strengthen the board.
Withdrawal restrictions for customers of Shivajirao Bhosale Sahakari Bank Ltd in May, 2019 shows that savers should check their co-operative banks’ authenticity.
An independently functioning chief risk officer with clearly specified role and responsibilities has to be appointed by non banking financial companies (NBFCs), the Reserve Bank of India said in a statement.
Shareholders are wary of the possibility of further erosion in Yes Bank's stock as the bank is set to dilute its equity to add to its loan loss provisions
The RBI said the payment systems landscape will continue to change with further innovation and entry of more players which is expected to ensure optimal cost to the customers and freer access to multiple payment system options.
The RBI will also look at setting up a self-regulatory governance framework to keep a check on security, customer protection and pricing.
The government has a fiscal deficit target of 3.4% of gross domestic product for 2019/20.
Aside from food inflation, there are other structural issues that can affect inflation outcomes in near to medium term.
SBI, ICICI Bank expect lower slippages in the current financial year.
At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India.
The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.