Reserve Bank of India
RBI allows private banks' promoters to hold 26% in banks; these banks will benefit the most
Mon, Nov 29, 2021
Reserve Bank of India (RBI) has allowed promoters of private banks to hold 26 per cent stake in the banks triggered movement in many banking stocks on Monday. Here is a Zee Business report on banks, which will benefit from this move and what this means for the stocks
More >
MFIs should not throw caution to wind for higher asset growth, returns: Deputy Governor M Rajeshwar Rao
Sat, Nov 27, 2021
MFIs should not try to mimic the strategies of mainstream finance, as those serving the microfinance borrowers have a greater need to balance the social objectives with their lending operations, he said.
More >
RBI panel for no cap on promoters' stake in private banks for first 5 years, 26% after 15 years
Fri, Nov 26, 2021
An internal working group of the Reserve Bank on the ownership and corporate structure of private sector banks has favoured allowing promoters to maintain any percentage of holding in the first five years.
More >
Cover Story – Private cryptocurrencies may be banned in India as Government not in favour; bill likely to be introduced in winter session of Parliament
Tue, Nov 23, 2021
India could soon introduce a bill on cryptocurrency in Parliament and the bill is likely to be brought during the winters session of the parliament. The government is in favour of banning private cryptocurrency in the country.
More >
RBI Sovereign Gold Bond Scheme to open on November 29: Know eligibility for subscription, tax benefits, other details here
Fri, Nov 19, 2021
The Reserve Bank of India (RBI) has announced that the next round of Sovereign Gold Bond Scheme will be open for subscription on November 29. The subscription for the 5-day long Series VIII will close on December 3, 2021, and the date of issuance of bonds has been fixed as December 7, 2021.
More >
Issue of RBI disparity towards cooperative banks being addressed: Minister of State for Cooperation BL Verma
Mon, Nov 15, 2021
The issue of Reserve Bank of India not treating cooperative banks at par with private lenders in certain issues like providing interest subsidy on education loan is being addressed, Union Minister of State for Cooperation B L Verma said on Monday.
More >
RBI issues revised Prompt Corrective Action framework for banks
Tue, Nov 02, 2021
"The objective of the PCA Framework is to enable Supervisory intervention at an appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health," the central bank said
More >
RBI releases guidelines for banks to open current accounts facility for borrowers
Fri, Oct 29, 2021
The Reserve Bank of India on Friday has come out with guidelines wherein banks may be allowed to open current accounts for borrowers, who have availed credit facilities in the form of cash credit (CC) and overdraft (OD) from the banking system.
More >
Big setback to Haribhakti & Co LLP! RBI bars chartered accounting firm from taking audit exercises in its regulated entities for 2 years
Tue, Oct 12, 2021
In a major setback to Haribhakti & Co LLP, the Reserve Bank of India (RBI) has barred the chartered accounting firm from undertaking audit exercises for the period of two years with effect from April 1, 2022.
More >
