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  • NBFCs: Reserve Bank to step up vigil with four-layered regulatory framework Oct 22, 2021 10:56 PM IST

    NBFCs: Reserve Bank to step up vigil with four-layered regulatory framework

    The central bank's latest move, after extensive stakeholder consultations, also comes against the backdrop of previous instances, including the collapse of IL&FS in 2018 and later DHFL, that had a spillover impact on the entire financial system, especially in terms of liquidity woes.

  • RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report Jun 29, 2021 04:35 PM IST

    RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report

    The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the accommodative stance in the interim.

  • Private ARCs moving to retail loans as national bad bank nearing reality Jun 13, 2021 06:58 PM IST

    Private ARCs moving to retail loans as national bad bank nearing reality

    The Rs 1.5-lakh-crore asset reconstruction market comprises over a dozen players led by Edelweiss ARC that controls over 30 per cent of the market, and the soon-to-be operationalised national bad bank.

  • RBI imposes penalty on Bank of India, PNB totalling Rs 6 crore for non-compliance Jun 07, 2021 08:02 PM IST

    RBI imposes penalty on Bank of India, PNB totalling Rs 6 crore for non-compliance

    A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank.

  • Central Bank of India inks co-lending pacts with Indiabulls Housing, IIFL Home Finance Jun 07, 2021 05:10 PM IST

    Central Bank of India inks co-lending pacts with Indiabulls Housing, IIFL Home Finance

    Under this arrangement, non-banking finance companies (NBFCs) will originate and process retail home loans while Central Bank of India will take into its book 80 per cent of the housing loan under direct assignment transactions.

  • States borrowing cost soars 30 bps so far this fiscal, 83 bps over G-Secs Jun 01, 2021 10:49 PM IST

    States borrowing cost soars 30 bps so far this fiscal, 83 bps over G-Secs

    The interest rates that the states pay to their bonds holders (state development loans or SDLs) have been going up in spite of the fact their drawdowns have been 37 per cent lower so far this fiscal than what they had borrowed during the same period last fiscal, says chief economist at Care Ratings Madan Sabnavis.

  • NBFCs auction record volume of pawned gold, warn of bigger crisis for banks from Q2 Jun 01, 2021 07:39 PM IST

    NBFCs auction record volume of pawned gold, warn of bigger crisis for banks from Q2

    During the first wave of the pandemic, among the many measures the Reserve Bank announced to alleviate the financial distress of the public, one was to allow banks to offer 90 per cent of the value of gold in loans.

  • RBI Framework 2.0: SBI Card puts in place mechanism for COVID stress relief May 24, 2021 11:02 PM IST

    RBI Framework 2.0: SBI Card puts in place mechanism for COVID stress relief

    Pursuant to RBI's circular dated May 5, 2021, the company has framed the resolution framework 2.0 for COVID-19 related stress of individuals and small businesses, based on the tenets as enumerated in the central bank guidelines.

  • Extend one-time restructuring of MSME advances until March 31 next year, FIDC tells RBI Apr 20, 2021 09:29 PM IST

    Extend one-time restructuring of MSME advances until March 31 next year, FIDC tells RBI

    The Finance Industry Development Council has sought the inclusion of 'retail trade' and 'wholesale trade' as activities recognised by the Ministry of MSMEs for registration.

  • NBFCs seek extension of MSME restructuring scheme until March 2022 Apr 18, 2021 04:23 PM IST

    NBFCs seek extension of MSME restructuring scheme until March 2022

    The industry body also urged the RBI to allow restructuring of certain MSMEs loans that already have got the similar relief under the same scheme during the first wave of COVID-19, but are now facing challenges.

  • Banks to conduct special clearing operations for closure of govt accounts on March 31: RBI Mar 28, 2021 06:26 PM IST

    Banks to conduct special clearing operations for closure of govt accounts on March 31: RBI

    The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to mandatorily participate in it.

  • RBI bonds' interest rate retained at 7.15% for January-March 2021 Jan 11, 2021 03:31 PM IST

    RBI bonds' interest rate retained at 7.15% for January-March 2021

    The RBI Bonds have a tenor of 7 years and the interest earned on it is fully taxable, which is reset in 6 every month.

  • India's forex reserves rise by $51.4 billion during April-September 2020 Dec 30, 2020 07:02 PM IST

    India's forex reserves rise by $51.4 billion during April-September 2020

    The foreign exchange reserves in nominal terms rose by $66.9 billion during April-September 2020 as compared with $20.8 billion recorded during the same period in 2019.

  • RBI releases panel report on ownership, governance norms of private banks Nov 20, 2020 04:13 PM IST

    RBI releases panel report on ownership, governance norms of private banks

    Earlier on June 12, 2020, RBI has constituted an Internal Working Group (IWG) to review extant ownership guidelines and corporate structure for Indian private sector banks.

  • Exclusive | Fewer people using credit cards as Covid-19 hurts consumption Nov 19, 2020 12:17 PM IST

    Exclusive | Fewer people using credit cards as Covid-19 hurts consumption

    Overall, card transactions in 2020 for merchant payments are down 17 percent compared to last year, with credit card swipes falling below those of debit cards, indicating consumers may be conserving their credit lines for emergency use.

  • CII urges Reserve Bank to relook August 6 circular on opening of multiple current accounts by borrowers Sep 27, 2020 06:06 PM IST

    CII urges Reserve Bank to relook August 6 circular on opening of multiple current accounts by borrowers

    CII has also urged the RBI to set up a central framework to facilitate information sharing amongst the banks for fund flows of the customer as it has done for exposures.

  • Crypto ban | How RBI lost the match in the last over Mar 06, 2020 09:08 AM IST

    Crypto ban | How RBI lost the match in the last over

    With the Supreme Court striking down the RBI order banning virtual currencies, it’s time for the digital payments and virtual currency businesses to start working together

  • Shaktikanta Das @1: An eventful year, but questions swirl Dec 11, 2019 12:23 PM IST

    Shaktikanta Das @1: An eventful year, but questions swirl

    The appointment of a generalist at the helm of a central bank is not limited to India, but has become a trend across central banks

  • Financial stability | RBI must reorient its goals and communication Oct 21, 2019 12:06 PM IST

    Financial stability | RBI must reorient its goals and communication

    Monetary policy meetings are now down to just interest rate decisions. This narrowness has meant that other critical matters are not getting due importance

  • Policy Pulse | Why RBI is set to cut interest rates Jun 03, 2019 12:20 PM IST

    Policy Pulse | Why RBI is set to cut interest rates

    How effective such a rate cut would be in bringing about the desired increase in private investment, however, remains to be seen

  • Arun Jaitley defends govt raising issues with RBI, says country more important than institutions Feb 22, 2019 09:45 PM IST

    Arun Jaitley defends govt raising issues with RBI, says country more important than institutions

    Speaking at the Global Business Summit here, he said the announcements made in three to four months ahead of elections or after the elections are “aberrations” and focus must be in long term direction of policies.

  • NPA recognition likely to get prolonged till FY20, may spike by Rs 5.24 trillion in FY20: Report Jan 18, 2019 09:52 PM IST

    NPA recognition likely to get prolonged till FY20, may spike by Rs 5.24 trillion in FY20: Report

    The RBI had last month come out with the guidelines stipulating that from April 2019, minimum 40 percent of fund- based limits of a borrower is required to be structured in the form of a 'loan component' with a fixed maturity.

  • New ECB norms limit refinancing options: Fitch Jan 18, 2019 04:53 PM IST

    New ECB norms limit refinancing options: Fitch

    But the system-wide impact of this will be limited, as there were masala bonds and foreign-currency debt issuances recently with a minimum average maturity of 10 years, global rating agency Fitch said on Friday.

  • EEPC for timely, affordable bank credit for exporters to boost shipments Jan 10, 2019 02:02 PM IST

    EEPC for timely, affordable bank credit for exporters to boost shipments

    Engineering Exports Promotion Council (EEPC) said there was a sharp annualised drop of over 54 percent in the gross bank credit deployment in the export sector.

  • RBI Governor to meet MSME, NBFC representatives next week Jan 02, 2019 03:48 PM IST

    RBI Governor to meet MSME, NBFC representatives next week

    A day after the RBI announced a one-time loan restructuring scheme for the MSME sector, Das in a tweet said, "Will hold meetings with MSME associations and representatives of NBFCs next week."

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