Stressed realty projects get relief from RBI

This means that in the case of stressed borrowers, banks can give them more time to repay without classifying the developer as a defaulter, or the loan as a non-performing…

RBI norms to govern co-operatives

The Union Cabinet on Wednesday cleared amendments to the Banking Regulation Act to strengthen the regulation of co-operative banks after the massive fraud at PMC Bank, which went unnoticed and…

Kotak bank to withdraw court case against RBI

Private sector lender Kotak Mahindra Bank on Thursday said it will withdraw a case concerning dilution of promoters’ shareholding in the bank which it had filed against the RBI in…

Government clears 100% FDI in Bharti Airtel

The department of telecom has approved raising of foreign direct investment in Bharti Airtel to 100% from existing 49%, a move that is expected to give flexibility to the loss…

Extra MPC meet likely, RBI may hold rates in Feb

The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is likely to hold a consultation before its next bimonthly meet in February, given the surge in inflation beyond the…

Depositors panic as RBI imposes curbs on co-op

Panic stricken depositors milled around the Sri Guru Raghavendra Cooperative Bank here on Tuesday to withdraw their money, days after the Reserve Bank of India (RBI) capped the withdrawal limit…

Up to 24% defaulters had safe credit rating

Nearly a fourth of borrowers who defaulted to banks carried an investment grade credit rating up to a quarter before they defaulted, according to a report published in the Reserve…

Intel agencies, RBI to check money laundering

To track big time money laundering still continuing in the country through banking channels, a multi-agency group has suggested integration of Core Banking Systems of all banks to monitor movement…