Page 646 - Finance News

RBI monetary policy review: Client exposure norms for UCBs to be tightened

The RBI said it would amend the guidelines for UCBs to reduce concentration risk in exposures

Corporate lending facing demand slowdown, muted growth, says SBI MD

Retail lending, however, is growing at a decent rate, the bank said

Despite RBI's accommodative stance, analysts expect long pause on rate cuts

All these analysts agree that a rate cut is on the table but are not the same page on the timing though

Indian banks' NPA write-offs to continue amid low recoveries: Fitch Ratings

The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years

PMC Bank scam: RBI expects forensic audit report by end of this month

The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities

Monetary Policy: Reserve Bank picked a heck of a time to slow things down

If Reserve Bank's rate cut pause has shocked you, blame it on inflation

CBDT issues draft notification on fund managers' remuneration, seeks inputs

The CBDT has sought inputs from stakeholders on draft notification proposing amendments December 19

RBI's monetary policy spells more trouble for India Inc's earnings

In the absence of near-term government stimulus, markets may remain range-bound until Budget

Better-performing NBFCs able to get funds at pre-IL&FS rates: RBI governor

RBI governor says sector being closely monitored; credit flow is improving

Payment Banks can become SFB after five years under new RBI norms

SFBs will at once be identified as scheduled banks and can open branches immediately

RBI probing HDFC Bank's net banking and mobile banking app outage

The bank's customers couldn't access these services from 10 am on Monday to early Wednesday morning. Many tweeted saying they could neither access their salaries nor make recurring payments

RBI among 26 global central banks that have been on a rate cutting spree

With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11

To develop secondary market for corporate loans RBI to facilitate SRB

In India's context, corporate loans both standard and Non-Performing Assets (NPAs) have been transferred from banks to other lenders and Asset Reconstruction Companies (ARCs)

Cooperative banks with assets over Rs 500 cr to be under CRILC: RB

These measures are expected to strengthen the resilience and sustainability of UCBs and protect the interest of depositors, it said

Corporate sentiment improving in early sign of economic recovery: SBI MD

The bank's PMI has crossed 50 points for the first time this month indicating that sentiment is positive

Moody's downgrades Yes Bank's ratings, assigns negative outlook

Global rating agency says potentially stressed assets and low loss-absorbing buffers may add pressure to the bank's funding and liquidity, and create additional risks to its standalone credit profile

States should come up with plan to curb digital banking fraud: LS speaker

Arvind Kumar Sharma of the ruling Bharatiya Janata Party said on one hand the nation was moving towards Digital India while on the other hand, such fraudulent activities were taking place

RBI proposes new prepaid card for digital transactions of up to Rs 10,000

PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement

RBI's decision of pause on repo rate cuts disappoints real estate sector

Knight FRank India CMD Shishir Baijal said the RBI's decision to not lower interest rate has come "as a surprise and a bit of a disappointment to the industry"

RBI is completely against private digital currencies, says Shaktikanta Das

The comments come a year after the government tagged Bitcoins and other crypto-currencies illegal and following which the RBI banned trading on them