Page 326 - Latest Updates on Reserve Bank of India
Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts
Reserve Bank of India has cut interest rates five times this year to boost growth, with the monetary easing complemented by fiscal measures, including $20 billion of tax cuts for companies
 "Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts")
PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM
FM Sitharaman says 5,743 incidents in govt banks from April to September this year
 "PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM")
State Bank may seek RBI approval for DHFL insolvency proceedings
Banks led by SBI may make a representation to the RBI, stating the current resolution process did not find much success and they would like to opt for resolution under the IBC
 "State Bank may seek RBI approval for DHFL insolvency proceedings")
History blends with technology at a museum that was once RBI's first office
The RBI had taken the building on lease from the Alliance Bank of Simla. Later, when Alliance Bank went into liquidation, RBI took it over from the liquidators.
 "History blends with technology at a museum that was once RBI's first office")
Curbs on CICs could limit fundraising abilities of big corporate groups
The proposed curbs on core investment companies will make it tough for large corporate groups to funnel capital as they did in the past
 "Curbs on CICs could limit fundraising abilities of big corporate groups")
PMC case: Depositors can contact RBI admin during emergency, says Bombay HC
The RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities
 "PMC case: Depositors can contact RBI admin during emergency, says Bombay HC")
RBI slaps Rs 2.50-crore fine on Bank of Baroda over non-compliance
It is alleged that there was illegal transfer and misuse of funds from government accounts
 "RBI slaps Rs 2.50-crore fine on Bank of Baroda over non-compliance")
RBI unions want govt to raise deposit insurance cover to Rs 10 lakh
Last week, Sitharman had also said the government would bring legislation to better regulate multi-state cooperative banks
 "RBI unions want govt to raise deposit insurance cover to Rs 10 lakh")
Beyond deposit insurance
Mechanism should be economically viable
 "Beyond deposit insurance")
RBI plans 'college of supervisors' to prevent 'PMC Bank-like crisis'
He said the RBI is focusing on governance, risk management, internal audit and compliance functions in banks more closely
 "RBI plans 'college of supervisors' to prevent 'PMC Bank-like crisis'")
RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML
RBI has been blaming banks for slower transmission of its policy moves into their lending rates and continuously nudging them to cut more, so that credit pick up can increase to help broader growth
NBFCs with assets of Rs 500 cr can go for insolvency resolution: RBI
the ministry notified the framework for dealing with systemically important FSPs, excluding banks, under the Code wherein sectoral regulators can seek resolution of stressed entities
 "NBFCs with assets of Rs 500 cr can go for insolvency resolution: RBI")
Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher
As the economy slows, the Reserve Bank governor will find it tough to keep all the balls in the air in the many roles he performs.
 "Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher")
RBI turns down banks' plea to relax June 7 circular on stressed assets
Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC
 "RBI turns down banks' plea to relax June 7 circular on stressed assets")
Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing
New scheme likely for wholesale at Rs 25 lakh; proposals could figure at RBI board meet
 "Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing")
All you wanted to know about banking frauds
Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months
 "All you wanted to know about banking frauds")
Cyber fraud: Here's how you can save yourself from getting scammed online
Install verified apps to reduce the probability of falling prey to cyber crimes
 "Cyber fraud: Here's how you can save yourself from getting scammed online")
Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman
On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India
 "Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman")
Financial reforms like regulating co-op banks coming in winter session: FM
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation
 "Financial reforms like regulating co-op banks coming in winter session: FM")
Retail inflation may average 4% in FY20, but RBI may cut rate: SBI report
The report said even as food CPI will remain elevated, core CPI will go below 3 per cent in this fiscal.
 "Retail inflation may average 4% in FY20, but RBI may cut rate: SBI report")