Reserve Bank of India
IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21
Sun, Nov 22, 2020
State-owned Indian Overseas Bank (IOB) expects resolution of about Rs 18,000 crore of non-performing assets (NPAs) under the insolvency and bankruptcy process during the second half of the current fiscal, a move that will boost its bottomline
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India rate cuts bets fall as recovery gains hold, inflation stays high
Sun, Nov 15, 2020
Negative real rates in India and recovering growth alongside high inflation suggest its central bank has little room for more monetary stimulus, but policy is likely to stay accommodative, economists and analysts said.
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RBI Assistant Main Exam 2020 dates announced at rbi.org.in: Check details
Tue, Oct 13, 2020
RBI Assistant Main Exam 2020: The wait is over! Reserve Bank of India or RBI on Monday announced the date for the RBI Assistant 2020 main online examination on its official website - rbi.org.in. The Central Bank has also put up a notice regarding this on its official website.
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Stock Market: Sensex, Nifty, Bank Nifty cheer RBI credit policy announcements
Fri, Oct 09, 2020
RBI Governor Shaktikanta Das led Monetary Policy Committee (MPC) has kept key rates unchanged. He has made a number of other announcements that have been welcomed by the market, which shot up sharply.
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RBI Credit Policy: Anil Singhvi predicts status quo in key rates; Governor Shaktikanta Das view on economy is important, says Market Guru
Fri, Oct 09, 2020
RBI Credit Policy: Amid stock market showcasing strong upside moves, the Reserve Bank of India (RBI) Governor Shaktikanta Das and RBI MPC's views on the economy post-Covid is important.
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Explained: Why RBI postponed its Monetary Policy Committee meeting
Tue, Sep 29, 2020
Several sectors were expecting big announcements from Reserve Bank of India, ahead of the festive season but much to their disappointment, the meeting of the Monetary Policy Committee has been postponed for now.
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Positive pay system for cheque payments to come into effect from Jan 1: RBI
Sat, Sep 26, 2020
In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the 'positive pay system' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.
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Indian economy showing signs of stability, RBI to take necessary measures: Shaktikanta Das
Wed, Sep 16, 2020
The Indian economy is showing signs of stability and Reserve Bank of India will take all necessary measures to ensure liquidity in the system and promote economic growth, Shaktikanta Das said.
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Govt sets up expert panel to look into issue of waiver of interest during moratorium
Fri, Sep 11, 2020
Solicitor General Tushar Mehta, appearing for the Centre, said that the government at the highest level is considering all issues raised in the batch of petitions and within two weeks, appropriate decision will be taken with regard to the problems faced by different sectors.
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Capital India Finance gets forex business licence from RBI
Thu, Sep 10, 2020
"This adds another feather in the cap of Capital India which is already doing domestic remittances through its fintech subsidiary RapiPay which provides basic banking services of money transfer and cash withdrawal through Micro ATM and Aadhaar enabled payment systems," it said.
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Govt set to pass these 3 ordinances related to finance ministry in monsoon session of Parliament; all details here
Wed, Sep 09, 2020
In the upcoming monsoon session of Parliament, the government is all geared up to introduce three ordinances pertaining to Department of Financial Services, Ministry of Finance.
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RBI broadly accepts Kamath panel recommendations; specifies parameters for loan restructuring
Tue, Sep 08, 2020
The RBI said the ratios prescribed "are intended as floors or ceilings, as the case may be, but the resolution plans shall take into account the pre-Covid-19 operating and financial performance of the borrower and impact of Covid-19 on its operating and financial performance at the time of finalising the resolution plan, to assess the cashflows in subsequent years, while stipulating appropriate ratios in each case".
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RBI to set up innovation hub for finance sector
Tue, Sep 08, 2020
As per the framework, the companies with a net worth of over Rs 500 crore will be eligible to set up an umbrella entity which among other things will be permitted to set up, manage and operate new payment systems in the retail space comprising ATMs, White Label PoS, Aadhaar-based payments and remittance services.
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RBI accepts Kamath-led panel's suggestions on resolving Covid-linked stress
Tue, Sep 08, 2020
The sectors identified by the panel include auto components, auto manufacturing, aviation, cement, construction, pharma manufacturing, power, real estate, consumer durables, hotels, restaurants and tourism among others.
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