Page 511 - Finance News
The pivot of monetary policy has shifted squarely to growth
It is only next year when RBI expects growth to increase to 6.8 per cent that repo rate will be raised
 "The pivot of monetary policy has shifted squarely to growth")
RBI decides to open up RTGS, NEFT facilities for payment system operators
In a major move in the online payments segments, the RBI has decided to allow payment system operators to take direct membership of Centralised Payment Systems (CPS), such as RTGS and NEFT
 "RBI decides to open up RTGS, NEFT facilities for payment system operators")
RBI Monetary policy highlights: Inflation outlook uncertain, says RBI guv
RBI Monetary policy: RBI today decided to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
 "RBI Monetary policy highlights: Inflation outlook uncertain, says RBI guv")
RBI balances liquidity absorption with calendar on bond purchase
Central bank announces variable rate reverse repo auctions (VRRR) to suck out liquidity
 "RBI balances liquidity absorption with calendar on bond purchase")
Liquidity support, bond yield management: Key takeaways from RBI Policy
RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
 "Liquidity support, bond yield management: Key takeaways from RBI Policy")
RBI has been pragmatic on growth; ring-fenced the liquidity issue
The focus was to be more on the language of the RBI on growth and inflation. Here, the RBI has been pragmatic on growth with a forecast of 10.5 per cent for fiscal 2021-22 (FY22), which is quite timel
 "RBI has been pragmatic on growth; ring-fenced the liquidity issue")
RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%
RBI retains its growth outlook for the fiscal year started April 1 at 10.5%, unchanged from its February outlook.
 "RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%")
How long will the RBI continue with its extreme accommodative stance?
Status quo expected on Wednesday, but guidance will hold the key for bond market
 "How long will the RBI continue with its extreme accommodative stance?")
Bank asset quality may suffer as impact of relief measures dwindles: Icra
Rating agency has estimated that gross NPAs (excluding write-offs) will rise to 9.6-9.7% by March 31, 2021 and 9.9-10.2% by March 31, 2022 from 8.6% as of March 31, 2020
 "Bank asset quality may suffer as impact of relief measures dwindles: Icra")
HDFC Bank's advances grow 14% YoY in Q4; sequentially up 4.6%
India's largest private sector lender said in a regulatory filing its domestic retail loans in Q4FY21 grew by 7.5% YoY
 "HDFC Bank's advances grow 14% YoY in Q4; sequentially up 4.6%")
RBI distributes portfolios of B P Kanungo among remaining deputy governors
Kanungo was in charge of currency management, IT, payments, forex, legal, other departments
 "RBI distributes portfolios of B P Kanungo among remaining deputy governors")
RBI to go for dovish pause on Wednesday amid inflation, lockdowns: Analysts
RBI will go for a "dovish pause" at Wednesday's policy review announcement amid developments such as inflation rise and a likely impact on growth due to lockdowns on rising Covid cases, analysts said
Bank of India to allot preferential shares to govt for Rs 3,000 crore
Bank of India said it has convened an extra-ordinary general meeting of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs 3,000 crore
 "Bank of India to allot preferential shares to govt for Rs 3,000 crore")
Federal Bank's loans grow by 9% growth in FY21, deposits rise by 13 %
Provisional data showed that between early January and March 2021, advances rose Rs 6,696 crore, according to the lender's filing with BSE
 "Federal Bank's loans grow by 9% growth in FY21, deposits rise by 13 %")
J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers
The capital adequacy improved on equity infusion of Rs 500 crore by the J&K government in Q4FY20 and three profitable quarters in FY21
 "J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers")
SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit
Public sector banks may have to bear a burden of Rs 1,800-2,000 crore due to SC judgement on the waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020
 "SC order on interest waiver: PSU Banks may have to take Rs 2,000 cr hit")
Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years
Banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme in the last five years for promoting entrepreneurship among women and SC & STs.
 "Banks sanctions Rs 25,586 cr to 114,322 Stand-Up India accounts in 5 years")
Rising Covid cases may prompt RBI to maintain status quo on rates: Experts
RBI Governor Shaktikanta Das headed six-member MPC is scheduled to meet from April 5 to 7. The policy meet outcome will be announced on April 7
Like telcos, banks may soon pester customers daily to pay up via messages
Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the month, Chennai-based Indian Bank sent a message to its surprised customer
 "Like telcos, banks may soon pester customers daily to pay up via messages")
Laid strong base for growth, aiming at 13.5% CAGR by 2025: Indian Bank MD
Bank announces new vision and mission on first anniversary of Allahabad Bank amalgamation, launches Chatbot and IB Smart Office as well
 "Laid strong base for growth, aiming at 13.5% CAGR by 2025: Indian Bank MD")