-
Any fresh RBI directive could mainly hit large gold finance companies that have their micro-finance arms disbursing loans by taking the precious metal as collateral, the people said.
-
The recent slowdown was a “mid-cycle correction”, and the central bank’s policy support has laid the groundwork for growth to return to its long-term trend, Manish Banthia, chief investment officer of fixed-income at ICICI Prudential AMC said.
-
The cash reserve ratio currently stands at 4% of deposits, which needs to be reported by banks to the Reserve Bank of India on a fortnightly basis. Banks set aside 90% of this requirement daily at present.
-
To boost foreign investment, India is widening to all foreign investors benefits it had until now restricted to overseas Indians
-
Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years
-
Retail inflation eased to a seven-month low of 3.61 percent in February, as food inflation eased further, according to data released by the government on March 12
-
T Rabi Sankar also said that banking sector, is evolving quite effectively and absorbing technology quite well.
-
The likely bonanza comes at a crucial time as the government is trying to revive an economy weighed down by weak consumption, anemic private sector investments and moderating tax revenues.
-
In its circular, the RBI stressed that ARCs – firms that buy and resolve bad loans from financial institutions – give "top priority” to customer grievance redressal as well as timely submission and updation of loan data.
-
The new-look MPC left the repo rate unchanged at 6.5 percent for a tenth time but changed the stance to 'neutral'
-
RBIH has recently deployed its in-house model, MuleHunter AI, in a large public sector bank. This is more accurate than traditional systems and easy to deploy.
-
Given the weakness in the rupee, the RBI is unlikely to cut rates before the Fed does. If crude prices continue to rise at the current pace, it is bound to feed into inflation
-
Paytm Bank’s nine-member Board is filled with veterans from the financial sector, with at least two of them having experience in leading compliance functions at large international banks
-
According to the circular, non-banks providing PA-CB services should have a minimum net-worth of Rs 15 crore at the time of submitting application to the RBI for authorisation and a minimum net worth of Rs 25 crore by March 31, 2026.
-
For a common customer, a cooperative bank is no different from regular bank as both type of entities are dealing with public money. Hence, regulations cannot be different for both sides
-
According to Swiss brokerage UBS Securities, increasing default risks in retail unsecured loans of banks is likely to push up their credit losses by 50-200 bps.
-
The central bank said on September 1 that Rs 2,000 banknotes worth Rs 3.32 lakh crore, or 93 percent of these currency notes in circulation, had returned to the banking system
-
The tenure of the job is for three years and the post carries the pay scale of Rs 2.25 lakh (level 17)
-
”The Reserve Bank has granted us the approval under the second cohort for cross-border remittance. India gets about USD 80 billion as remittance every year which either comes in cash or in bank account,” Anand Kumar Bajaj, Founder, MD & CEO, PayNearby told PTI.
-
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting.
-
The trading hours for various markets regulated by the RBI were amended with effect from April 7, 2020 in view of the COVID-19 pandemic.
-
The sub-committee reviewed the major developments in the global and domestic economy as well as in various segments of the financial system and discussed the assessments of members about the scenario emerging from the third wave of the pandemic.
-
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.
-
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.
-
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.
