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…
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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…
The RBI offered to inject as much as $14 billion cash through one- and three-year funding operations, akin to the long-term repos put in place by the European Central Bank…
Consumer sentiment in India worsened to an almost five-year low and manufacturing slack at companies widened to the most on record, indicating Asia’s third-largest economy is yet to put a…
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…
The RBI kept repo rate unchanged for the second consecutive time at 5.15 per cent and reverse repo rate at 4.90 per cent in its sixth bi-monthly monetary policy meet.…
Reserve Bank of Indai (RBI) governor Shaktikanta Das on Thursday said the central bank has no plans to monetise the rising fiscal deficit. This is the third consecutive year that…
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…
Reserve Bank of India governor Shaktikanta Das on Friday called for structural reforms and fiscal measures to activate growth, saying monetary policy has its limits. Das said that states should…
The country’s foreign exchange reserves rose $943 million to touch a life-time high of $462.16 billion in the week ended January 17, according to the latest data from the RBI.
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…
The Reserve Bank of India (RBI) on Tuesday said it has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa on account of voluntary surrender of authorisation.
The Reserve Bank of India (RBI) will henceforth adopt crore instead of billion while presenting numbers in its balance sheet, income statement and weekly statement of affairs.
The country foreign exchange reserves rose by $58 million to reach a life-time high of $461.21 billion in the week to January 10, according to the RBI data. In the…
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…
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…
The government on Tuesday approved appointment of Michael Debabrata Patra as the new deputy governor of the Reserve Bank of India for a period of three years. Patra will replace…
Retail inflation rose to a 65-month high in December on the back of soaring vegetable prices as food inflation hit an over 6-year high, prompting economists to predict that the…
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…
The government plans to push the central bank for a fiscal lifeline in the form of another interim dividend, as it struggles to meet its expenditure commitments amid a steep…
In a move that will enable banks and fintechs onboard customers remotely, RBI has amended its norms to allow the ‘know your customer’ (KYC) process to be completed through a…
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…