Page 24 - Subrata Panda

May RBI grow even taller as institution of trust: Das' parting message

RBI Governor Shaktikanta Das, who will demit office later today, thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their guidance and encouragement

Revenue Secretary Sanjay Malhotra succeeds Shaktikanta Das as RBI governor

Malhotra takes over the reins of the RBI at a time when growth in the domestic economy has fallen to a seven-quarter low

Fuelling growth, taming inflation to top Sanjay Malhotra's agenda at RBI

The pace of the country's economic growth moderated sharply in the second quarter ended September 2024

Shaktikanta Das: More hits than misses in six-year tenure as RBI governor

RBI became stronger, surer under Shaktikanta Das

PFC raises Rs 6,252 crore via issuance of bonds with different maturities

DME Development issues its first green bond

SBI looks to sell Rs 2,732 cr of bad loans in ARSS Infrastructure Projects

Bank has invited expressions of interest from entities interested in submitting counter bids for the asset on full cash basis

RBI policy: CRR cut to improve lenders' margins, may lift credit growth

Deposit rates may start easing

RBI policy: Hike in FCNR(B) deposit rate may have limited impact on flows

An FCNR (B) account lets customers maintain a fixed deposit in India in freely convertible foreign currencies for a tenure ranging from one to five years

RBI allows small finance banks to offer pre-sanctioned credit line on UPI

Step will 'further deepen financial inclusion and enhance formal credit', says central bank

Co-branded credit card share likely to double by FY28: Visa's Rishi Chhabra

Spends are 20% higher than traditional cards

Climate change affects financial system, need regulatory checks: RBI Dy Guv

Rao said the RBI has been proactive to mitigate the climate change risks that may impact the financial system

Banking law amendments to make inheritance of deposits unambiguous

To improve governance, customer services says experts

Net growth in deposits higher than advances by Rs 5.68 trn between 2020-24

Deposit growth of Indian banks had been lagging behind credit growth since the fortnight ending March 25, 2022

Want to grow loans cautiously: Yes Bank MD & CEO Prashant Kumar

Prashant Kumar discussed the bank's deposit strategy, loan growth trajectory, the status of stake sale, and other key developments

Amid regulatory overhaul, Axis Bank awaits RBI nod on Axis Finance's future

Options under consideration include absorbing non-banking financial company (NBFC) into bank, pursuing a public listing, or reducing its shareholding in NBFC below a specified threshold

RBI lifts supervisory restrictions on Sachin Bansal-led Navi Finserv

Following the imposition of restrictions on Navi, the lender cancelled a scheduled fund raising activity of Rs 100 crore. Rating agency CRISIL had also put Navi's ratings on "rating watch"

RBI directs banks to urgently reduce inoperative or frozen accounts

This includes enabling seamless Know Your Customer (KYC) updates through mobile or internet banking, non-home branches, video customer identification processes, and more

Bajaj Fin exits co-branded credit card biz, ends tieup with DBS India, RBL

RBI restricted co-brand partners' role to distribution only

RBL Bank and Bajaj Finance end co-branded credit cards partnership

RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021

Deposit growth slightly outpaces credit growth at 11.21%: RBI data

Credit growth had been exceeding deposit growth since the fortnight ending March 25, 2022, leading to a widening gap that reached as much as 700 basis points (bps) at its peak