Oct 22, 2021 10:56 PM IST
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.
- Jun 29, 2021 04:35 PM IST
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.
- Jun 13, 2021 06:58 PM IST
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.
- Jun 07, 2021 08:02 PM IST
A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank.
- Jun 07, 2021 05:10 PM IST
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.
- Jun 01, 2021 10:49 PM IST
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.
- Jun 01, 2021 07:39 PM IST
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.
- May 24, 2021 11:02 PM IST
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.
- Apr 20, 2021 09:29 PM IST
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.
- Apr 18, 2021 04:23 PM IST
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.
- Mar 28, 2021 06:26 PM IST
The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to mandatorily participate in it.
- Jan 11, 2021 03:31 PM IST
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.
- Dec 30, 2020 07:02 PM IST
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.
- Nov 20, 2020 04:13 PM IST
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.
- Nov 19, 2020 12:17 PM IST
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.
- Sep 27, 2020 06:06 PM IST
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.
- Mar 06, 2020 09:08 AM IST
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
- Dec 11, 2019 12:23 PM IST
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
- Oct 21, 2019 12:06 PM IST
Monetary policy meetings are now down to just interest rate decisions. This narrowness has meant that other critical matters are not getting due importance
- Jun 03, 2019 12:20 PM IST
How effective such a rate cut would be in bringing about the desired increase in private investment, however, remains to be seen
- Feb 22, 2019 09:45 PM IST
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.
- Jan 18, 2019 09:52 PM IST
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.
- Jan 18, 2019 04:53 PM IST
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.
- Jan 10, 2019 02:02 PM IST
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.
- Jan 02, 2019 03:48 PM IST
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."