Page 715 - Finance News

Former RBI governor Y V Reddy slams govt for meddling in RBI affairs

Reddy said that by taking recourse to unprecedented practice of interim dividend, the government has compromised on the established mechanism of 'ways and means'

SBI cuts interest rate by 5 bps on home loans up to Rs 30 lakh

"As the nation's largest lender, we have always kept customer interests at the centre," said SBI chairman Rajnish Kumar

UCO Bank Q3 net loss narrows to Rs 998 cr, income down at Rs 3,585 cr

UCO Bank's NPAs ballooned to 27.39% of gross loans at end of December 31, 2018

Here's why banks are unlikely to match RBI's rate cut any time soon

Making more credit available more cheaply is vital for Modi, who wants to please businesses, farmers and individual borrowers

Too little, too late: Why experts not happy with RBI's rate cut gift to PM?

The rate cut will benefit Modi's government as it will boost economic growth and lending to small businesses, according to Ashwani Mahajan, a leader of Rashtriya Swayamsevak Sangh

New RBI chief delivers election cut for PM Modi in a surprise move

The surprise 25-bps rate cut came almost a week after the Centre unveiled an expansionary budget, which included $13 billion of help for consumers ahead of the poll that's due by May

RBI rate cut fails to enliven bond yields after $100-billion G-sec blues

The yield on the most-traded 2028 sovereign bonds fell just seven basis points, the rupee eked out a gain and the main stocks gauge closed flat after the 25 bps rate cut

Monthly installments on car, home loans may fall marginally on RBI rate cut

However, a point to note is that banks seldom pass on the entire rate cut

RBI permits IBC bidders to raise funds via ECBs to repay existing lenders

The resolution applicants under Corporate Insolvency Resolution Process (CIRP), under the Insolvency and Bankruptcy Code (IBC), may find it attractive to borrow abroad to repay lenders

Rate cut season back after 18 months as RBI moves to lift growth momentum

RBI Governor Shaktikanta Das hinted the central bank was open to more rate cuts, though he cautioned the monetary policy committee's decision on this regard would be 'data-driven'

Monetary policy review: RBI relaxes norms for FPI investment

RBI allows foreign portfolio investors (FPI) to take exposures of more than 20% in a corporate entity

RBI monetary policy: Bad loan recognition norms, bulk deposits, and more

The RBI on Thursday decided to raise the criteria for 'bulk deposits' for banks to Rs 2 crore from the current Rs 1 crore, to provide more operational freedom to lenders to raise funds

RBI monetary policy review: Risk weights eased for bank loans to NBFCs

The relaxation in risks weights is expected to make credit cheaper for better rated NBFCs

Offer window for restructuring large firms' stressed loans: Assocham to RBI

Calls for one-time relief that will allow restructuring of viable companies and not expose them to the threat of insolvency resolution and resultant liquidation

Bank of Maharashtra cuts lending rate by 5 bps for loans with 6-month tenor

Earlier in the day, the Reserve Bank cut its repo rate at which it lends to the system by 0.25% to 6.25%

Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes

Risk pooling can protect insurance companies against catastrophic risks

RBI permits bidders of insolvent companies to raise funds through ECB route

RBI said guidelines in this regard will be issued by the end of February 2019

From insolvency code to foreign investments: How RBI policy impacts sectors

The guidelines for these measures will be released by the RBI by the end of this month

Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody's

Banks' net non-performing loan (NPL) ratios and capital -- two of the four parameters that the RBI tracks as part of the PCA framework -- improved significantly in the quarter ended Dec 2018, it said

Boost for farmers: RBI raises collateral-free agri loan limit to Rs 1.6 lkh

Currently, the banks are mandated to extend collateral-free agricultural loans up to Rs 1 lakh. This limit was fixed in the year 2010