Page 481 - Finance News

Spreading disinflation over 2-3 years to reduce output loss, says RBI

'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao

RBI's model on India's digital currency could come out by 2021-end

In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings

RBI's inflation projections jump, growth numbers dip as recovery wobbles

While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery

MPC in 2 minutes: Here're the key development and regulatory steps

RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31

Recast loans worth Rs 70,000 crore get extra time to meet norms

Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave

AU Small Finance Bank profit flat at Rs 203 cr; net interest income up 40%

While provisions remained flat YoY at Rs 451 crore, sequentially, it went up by 21 per cent

Action taken against HDFC Bank, Mastercard to ensure compliance: RBI's Das

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RBI monetary policy is a stepping stone towards policy normalisation

Growth commentary is more positive than last policy with rural demand expected to be resilient, exports expected to continue to do well and pick-up in the long awaited capex cycle

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

RBI keeps rates unchanged amid policy dissent on lower-for-longer stance

Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the need to support growth amid the pandemic.

Reserve Bank of India raises retail inflation projection for FY22 to 5.7%

The RBI on Friday raised the retail inflation projection for the current fiscal to 5.7 per cent on account of supply side impediments, firm crude oil prices and higher cost of raw materials.

S&P upgrades outlook on Indian Bank to stable on funding, liquidity profile

The rating agency affirmed Indian Bank's "BBB-" ratingm but ruled out any upward revision in the next one to two years

RBI's MPC is likely to keep interest rates unchanged despite inflation

Six-member Monetary Policy Committee is meeting amid weak indicators raising doubts about the economy's ability to sustain a nascent recovery

RBI extends deadline for shifting of current accounts till Oct 31

Banks in the interim had frozen thousands of accounts on the credit side

DICGC to authenticate deposit claims of failed bank in 30 days

Once a stressed bank is put on moratorium, DICGC will be liable to pay depositors an insured amount of Rs 5 lakh

Banks use ARCs for ever-greening: Parliamentary Committee on Finance

Calls for encouraging banks to bring down their leverage, says present "grim situation" should not be used as an alibi for bank privatisation

CCI approves acquisition of equity stake by Carlyle in PNB Housing Finance

The transaction has been approved by the Competition Commission of India under the Green Channel, an official release said on Wednesday

SBI logs its highest-ever quarterly profit at Rs 6,504 cr in Q1, up 55% YoY

Net interest income of the lender rose 3.74 per cent year-on-year to Rs 27,368 crore

RBI cautions public against online buying and selling of old coins, notes

The RBI said the central bank does not deal in such matters, and "never seeks charges/ commissions of any sort"

Nexus could be banking's next big thing, inspired by Indian payments system

Nexus will be like a world wide web of payments, a set of rules any country can adopt.