Page 573 - Finance News

RBI cuts capital charge on banks' investments in debt MF schemes

RBI has reduced the capital charge for investing in such schemes

Monetary policy: RBI measures preserved financial stability, says Das

The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook

Loan restructuring may only provide short-term respite to lenders

The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans

Regulatory caps on bank guarantees boost demand for fixed deposit receipts

Arrangements between brokers and banks have come under Sebi, RBI lens over potential risks

RBI allows offline payments of up to Rs 200 through cards on pilot basis

The scheme is aimed at encouraging customers to opt for digital payments even in those places where the internet connectivity is poor

Monetary policy: Taming Covid-19 key to soften GDP fall, says RBI

High consumer inflation likely till September

RBI hits pause button on monetary policy, applies balm on Covid-19 wounds

Decides to use future rate cuts "judiciously to maximise beneficial effects", gifts India Inc and individuals loan restructuring to ease pandemic-induced stress

RBI governor announces 'positive pay' feature to help avert cheque frauds

Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application

No current accounts for clients with cash credit, overdraft facilities: RBI

In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

Easy liquidity policies have helped NBFCs, aided faster transmission: Das

There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

Debt restructuring to help India Inc to tide over Covid crisis: CEOs

The debt moratorium has helped many companies to conserve cash and re-start operations. Yet, CEOs say it isn't enough as consumer demand has not picked up to pre-Covid levels

RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year

No bank licence to India Inc: RBI sees threat to financial stability

The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Canara Bank net profit up 23.5% at Rs 406 crore for June quarter

Canara Bank on Wednesday reported 23.5 per cent rise in standalone net profit at Rs 406.24 crore for June quarter 2020-21.

Monetary policy: Here's why RBI may go for rate cut on Thursday

BofA says the RBI will not only cut rates now, but will follow it up with another 75 bps cut in rest of the financial year 2020-21 (FY21)

HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP

Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses