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RBI assures liquidity for economy, keeps growth revival top priority

MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.

As Covid-19 vaccination slows down, insurers insist customers take jabs

Only 3.2% of India's population has been fully vaccinated with two shots

Growth forecast, rates: 5 key things to look for in RBI monetary policy

Monetary Policy Committee expected to hold rates and continue with an accommodative stance to encourage growth

Has RBI legitimised cryptocurrencies? Traders, banks think it has

Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid.

In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination

Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018

Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest

Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021

Foreign currency deposits lose sheen due to stable rupee

The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17

Nirmala Sitharaman urges CMs to end police manhandling of bank staff

The FM said that there is a need for banking services to continue uninterrupted, to support the bank customers' needs in these difficult times

Banks make a beeline at Covid vaccine makers' doorstep to offer loans

Amid feeble credit offtake due to local lockdowns this year, lenders sanction Rs 6,000-crore line of credit to SII

MFIs request RBI for emergency credit line as collections take a hit

Seek up to 25% of their outstanding with lending banks, which would help them mobilise Rs 15,000 cr

Lazy banking: Banks' bond investment surpasses loans

Standard Chartered's Sahay said the gap between investments and advances will narrow only gradually

Banks want RBI to relax NPA norms for lockdown-stressed MSME sector

Bankers request extension of NPA classification norms to 180 days from 90 days currently

BoB allots Rs 500 cr to Serum after RBI liquidity tap for healthcare firms

SBI, HDFC Bank among lenders gearing up to support companies involved in mitigating Covid-19 outbreak.

RBI swings into action after banks indicate rising asset quality pressure

On tap liquidity for SFBs to address needs of small borrowers

Most bank CEOs have to hang up boots before 70 under latest RBI guidelines

RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term

Why Citigroup and other foreign banks missed the India growth story

Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country

Covid: Bank branches to reduce business hours, offer basic services

In the wake of surge in coronavirus cases across the country, Indian Banks' Association mandates 50% attendance for banks, business hours to be reduced to 10 am-2 pm

'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94

Narasimham also founded the credit planning cell in RBI, which became the monetary policy department

Bank earnings: Loan growth to improve, SC gives clarity on asset quality

Lenders are expected to show quarter on quarter improvement in loan growth, say analysts.

Negative real interest rate for savers behind RBI's govt bond buying plan

Central bank acknowledges further interest cuts unlikely as a recent rollback of small savings rate cut showed.