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India Inc set to raise $3 bn through green, ESG issuances by December

Power Finance Corporation (PFC) is planning to come up with Euro denominated green bond issuances, and has appointed bankers including Barclays, Standard Chartered, for investors in Europe and Asia

Real test of monetary policy is in time of supply shocks: MPC 1.0 member

'Our collective decision was to record our views through the MPC minutes and not elsewhere,' says Chetan Ghate.

As Covid-19 second wave wanes, credit card spending rises in India

HDFC Bank plans to aggressively issue cards after central bank withdraws ban, helping sector to make more gains.

It's 'extremely critical' for MPC to maintain credibility: Jayanth Varma

Central bank is risking making inflation entrenched with its easy money policy, says dissenting member of Monetary Policy Committee.

RBI can pare excess liquidity even if stance is accommodative: Ashima Goyal

In a Q&A, Goyal, a member of RBI's Monetary Policy Committee, says reducing excess liquidity is at RBI's discretion and MPC members can only offer advice

Why RBI disagrees with market perception on policy normalisation

RBI's announcement of liquidity absorption through the variable reverse repo auction was interpreted by the market as an indication of withdrawal from the accommodative stance

ATM body protests RBI's penalty rule if found with no cash, seeks review

MHA norms restrict cash movement in rural, semi-urban areas, which will hinder cash distribution, says an official of the Confederation of ATM Industry

RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%

This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Retail loans, long a safe bet for many banks, show uptick in defaults

HDFC Bank, ICICI Bank and Axis say bulk of the loans marked substandard in April-June was in retail category, but expect turnaround as lockdowns end.

Stop penalty on early withdrawal of SCSS in case of death: IBA to banks

Banks asked to capture closure reason in CBS

Only nine large firms' debt of Rs 59,000 crore recast by banks so far

Kamath panel approved all the nine proposals of banks

I-T assessments hit as e-filing portal's communication with back-end broken

A host of activities have been stalled on the upgraded e-filing portal; banks seek undertaking from customers for overseas payment

Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch

The 10-year paper is no longer the most traded one - which is unusual

Centrum seeks 20 years to repay DICGC for settling depositors' claims

Centrum's role in the small finance bank will be mainly on the asset side and will focus on lending to small and medium business. Bharat Pe will focus on the liabilities side

Ray of hope for PMC depositors as Centrum roped in for revival

However, restrictions to continue for a while till Centrum gets the final approval

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

Forex has helped avert a currency run, but continuous inflow has its risks

At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks

May inflation shocker may advance RBI's policy normalisation act

MPC likely to revise inflation forecast upward in August policy review

How banks were able to prove doomsday predictions wrong in a pandemic year

There were five factors that helped banks contain bad loans in a pandemic year