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June 07, 2023 07:23 PM IST The BP Kanungo committee recommends guidelines for gold loan companies for serving notice to the nominee or legal heir to settle the outstanding in case of death of the borrower, auction of gold, surplus to be refunded from auction of gold and more.
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June 07, 2023 04:40 PM IST India is in a Goldilocks scenario with strong GDP numbers and moderation in inflation. Considering the uncertainty about the Fed and the El Nino risk, MPC will likely send a dovish message tomorrow
- June 07, 2023 03:38 PM IST
Outstanding Tier-I bonds are expected to increase slightly to Rs 1.3 lakh crore by March 2024 from Rs 1.2 lakh in March 2023, ICRA said in a report
- June 07, 2023 12:25 PM IST
This is the fourth reverse repo auction in last four days to remove excess liquidity from the banking system
- June 07, 2023 02:41 PM IST
Currently, there are more than 15 SEBI-recognised online bond trading platforms in India.
- June 06, 2023 12:10 PM IST
The VRRR is usually undertaken to withdraw excess liquidity from the banking system
- June 06, 2023 11:31 AM IST
The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.32%-7.35% band, according to a Reuters poll of 13 traders.
- June 06, 2023 11:09 AM IST
Banks in India have been reluctant to park their surplus liquidity with the Reserve Bank of India (RBI) for longer periods of time to avoid the risk of a potential shortfall - an approach the RBI would like changed as surplus money in the system could potentially prove inflationary.
- June 06, 2023 08:31 AM IST
While the RBI may keep policy rates unchanged, any alteration in the stance would be seen as dovish by the markets.
- June 05, 2023 07:05 PM IST
These banks are Kokan Mercantile Co-operative Bank, Bajirao Appa Sahakari Bank, Sawantwadi Urban Co-operative Bank and Shri Laxmi Sahakari Bank
- June 05, 2023 05:06 PM IST
The central bank has set up this panel on May 23, 2022.
- June 05, 2023 04:09 PM IST
At present, the weighted average overnight call money rate is trading at 6.3432 percent whereas the repo rate is at 6.50 percent.
- June 05, 2023 12:36 PM IST
The VRRR is usually undertaken to withdraw excess liquidity from the banking system.
- June 02, 2023 08:10 PM IST
The penalty was imposed due to the bank's failure to make minimum mandatory transfer of a sum equivalent to 25 percent of its disclosed profit, and divergence between NPAs reported and assessed
- June 02, 2023 05:41 PM IST
The central bank on April 8 during monetary policy had said it will issue these directions
- June 02, 2023 04:27 PM IST
The Monetary Policy Committee kept the repo rate unchanged at 6.5 percent in April, after raising it by 250 basis points since May 2022
- June 01, 2023 05:45 PM IST
The VRRR is usually undertaken to withdraw excess liquidity from the system.
- June 01, 2023 05:13 PM IST
Experts attribute the trend to a sharp depreciation of the Indian rupee, a lower spread between US Treasury yields and returns on Indian debt instruments and global uncertainties.
- June 01, 2023 10:39 AM IST
Evergreening is more sinister now as banks are indulging in the practice despite having complete knowledge of the risks involved.
- May 31, 2023 04:13 PM IST
On May 19, the RBI announced the withdrawal of Rs 2,000 notes from circulation.
- May 31, 2023 03:11 PM IST
The lightweight payment and settlement system will help make smooth payments during emergency situations and keep the liquidity pipeline of the economy alive and intact, according to the RBI.
- May 31, 2023 09:00 AM IST
RBI Deputy Governor M K Jain delivered a speech at the Conference of Directors of Banks, organised by the RBI for Public Sector Banks on May 22 in New Delhi and Private Sector Banks on May 29 in Mumbai.
- May 31, 2023 08:18 AM IST
The continued poor performance of manufacturing on which government relies to generate jobs and absorb surplus labour from agriculture is a cause for concern on the growth front.
- May 30, 2023 06:58 PM IST
The central bank disposed 48.24 crore pieces in FY23, 38.47 crore pieces in FY22, and 45.48 crore pieces in FY21 soiled bank notes of the currency
- May 30, 2023 04:12 PM IST
Municipal bonds are issued by civic bodies to finance urban infrastructure projects.
