Page 699 - Finance News

RBI to infuse Rs 12,500 crore into financial system through OMOs

The decision is based on an assessment of liquidity conditions and also of durable liquidity needs, it added

RBI fines ICICI, SBI and 17 other banks for non-compliance on SWIFT use

The RBI imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of the non-compliance were not disclosed

RBI to buy govt securities via OMO for Rs 12,500 crore on Thursday

The decision on OMO is based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward

Bank of Baroda cuts lending rate by 10 basis points; loans to be cheaper

The new rates are effective from March 7

RBI slaps Rs 1-cr fine on Yes Bank for non-compliance in Swift operations

Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions

A few banks, NBFCs find market favour as funding pressure recedes

Asset quality improvement, receding funding pressure boost confidence, with 14 stocks trading near 52-week high

RBI's NBFC risk-weight move to carve Rs 1.4 trn for bank credit: Crisil

Of this, banks could deploy a portion towards higher rated NBFCs given the lower risk weight for these entities

RBI slaps Rs 11-cr fine on 4 banks for non-compliance in Swift operations

Swift is the global messaging software used for transactions by the financial entities

Central Bank puts stressed accounts of Bhushan Power, Essar Steel on sale

Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank. Alok Industries owes Rs 1,251 crore, Essar Steel India Rs 423.61 crore

Banks still need to lend Rs 1 trillion to meet FY19 Mudra target: Govt data

According to the Budget 2018-19, the government intends to disburse loans of up to Rs 3 trillion in the current financial year ending March 31

PSBs likely to go on a fundraising spree to reduce govt shareholding

However, with market sentiments remaining muted, the fundraising might not be an easy task, especially for banks which are still under PCA.

2008 recap? World is still blind to risks of these financial instruments

Built into this speculative episode, like its predecessors, is a euphoric flight from reality and a blindness to risks that continue to rise

RBI imposes penalties of 2 crore on IDBI and Rs 1 crore on Dena Bank

Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018

Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

With this, bank's new composition of the board of directors has ten members

Ex-Finance Secretary Hasmukh Adhia appointed non-executive chairman of BoB

The Appointments Committee of the Cabinet has approved his appointment as part-time non-official director as well as non-executive chairman on the board of Bank of Baroda for a period of three years

A91 Emerging Fund to raise $250-300 million to support SMEs

International Finance Corporation to invest up to $25 million for a 20% stake

RBI inks $75-billion bilateral swap arrangement with Bank of Japan

The agreement was done during Prime Minister Narendra Modi's visit to Japan in October 2018

RBI constitutes task force on offshore rupee market to address woes

The task force will submit its report by June- end.

Banks say tough for them to reduce interest rates, cite market dynamics

Reserve Bank of India's rate cuts are proving to be ineffective in lowering rates

Recapitalisation funds to take a while before accelerating credit growth

Bulk of the recap funds to banks will go towards provisioning, and it will take time before it leads to acceleration of credit growth