Page 333 - Latest Updates on Reserve Bank of India
PMC Bank's liquidity profile is good, depositors need not worry: RBI
As for how long before depositors can withdraw their money from the bank, Bhoria said was left to the RBI to decide
 "PMC Bank's liquidity profile is good, depositors need not worry: RBI")
RBI denies rumours of bank closures after curbs on local lender spark fear
This is the second time in less than two years that policy makers have had to publicly come out in support of banks
 "RBI denies rumours of bank closures after curbs on local lender spark fear")
'My money is gone now': Customers panic as RBI curbs activities at PMC Bank
The sudden move caused PMC Bank depositors to panic and led to protests and long queues outside the bank's branches
 "'My money is gone now': Customers panic as RBI curbs activities at PMC Bank")
As NPA resolution crawls, banks stare at spike in credit cost: India Rating
Icra said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors
 "As NPA resolution crawls, banks stare at spike in credit cost: India Rating")
RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths
Supersedes board, appoints admin; exposure to HDIL bone of contention
Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat
Usha Thorat says it's absolutely essential for financial stability that bank spreads are not under threat
 "Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat")
SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1
Also, link pricing credit to Medium units to the repo rate
 "SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1")
SBI to launch co-lending of loans with NBFCs in next 30 to 40 days
The loans, which would essentially be for priority sector, would be on a fully-automated platform
DBS Bank expects modest rate cut at RBI's MPC meeting in October
The new effective rate takes India closer to its regional peers, on par with China, South Korea, Indonesia and OECD average
 "DBS Bank expects modest rate cut at RBI's MPC meeting in October")
How're corporation tax cuts going to be financed? Is this helicopter money?
Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment
 "How're corporation tax cuts going to be financed? Is this helicopter money?")
Corporate tax cut: RBI gets rate respite, cost of funds for firms to soften
Borrowing cost for corporates can come down owing to an improved balance sheet and rating upgrades
 "Corporate tax cut: RBI gets rate respite, cost of funds for firms to soften")
Why more monetary easing is on the cards
Any change in the value of the new external benchmark mandated by the RBI will find expression in bank lending rates far more quickly than has been happening until now
Corporation tax cut a big positive, but demand recovery may take time
Employment support led by new investments made by domestic manufacturers is expected, as all corporate entities are eligible for lower taxes
 "Corporation tax cut a big positive, but demand recovery may take time")
New corporate tax rates closer to global ones, says Shaktikanta Das
The finance minister on Friday slashed the effective corporate tax rates to 25.17 per cent (inclusive of all cess and surcharges) from 30 per cent for all domestic companies
 "New corporate tax rates closer to global ones, says Shaktikanta Das")
Nobody interferes in my decision-making, but govt is sovereign: RBI Guv
Das said there has to be exchanges of ideas and explaining one's position to the other is necessary as it creates a harmonious and healthy relationship
 "Nobody interferes in my decision-making, but govt is sovereign: RBI Guv")
RBI Recruitment: 199 vacancies for Grade B officer post on rbi.org.in
The RBI recruitment notification is available on the official website of the RBI on rbi.org.in
 "RBI Recruitment: 199 vacancies for Grade B officer post on rbi.org.in")
FinMin gets nearly 100 applications for RBI deputy governor's post
The FSRASC committee can recommend relaxation in the eligibility and qualifications/experience criteria, in respect of outstanding candidates
Rate cut, infusion of liquidity will end credit crisis: Edelweiss chairman
The premium that top-rated non-bank lenders pay over sovereign debt to borrow fell to the lowest in a year last week
 "Rate cut, infusion of liquidity will end credit crisis: Edelweiss chairman")
RBI unlikely to extend October 1 deadline for repo-linked loans
The RBI is of the opinion that banks already have enough flexibility to introduce a repo-linked loan product
Sebi seeks RBI help to attract corporate participation on comexes
Market regulators wants apex bank to ask lenders to make hedging of commodity price risk mandatory on domestic exchanges
 "Sebi seeks RBI help to attract corporate participation on comexes")