Page 113 - Rbi

India planning to reduce paper work for foreign investors buying govt debt

The Securities and Exchange Board of India is discussing with the Reserve Bank of India to make the registration and maintenance process easier

RBI scrutinises NBFC key management payouts under new compensation policy

A key feature of the exercise will be adherence to norms on the proportion of variable pay in total compensation

RBI red flags NBFC consumer credit, calls for close monitoring of a few

Says need to monitor NBFCs growing fast clip pace with low capital buffers

RBI Governor Das cautions against tech-led disruptions in financial system

Matrix of financial stability at its best, challenge is to improve, says Das

Above normal monsoon in 2024 can ease pressure on food prices, says RBI

The report said that in the current economic landscape, several positive factors are contributing to a promising outlook

Financial system resilient, banks GNPAs fall to multi-year low at 2.8%: RBI

Indian economy and the financial system remain robust and resilient as the gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent at the end-March 2024, RBI said in its June Financial Stability Report (FSR). Scheduled Commercial Banks' gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets (NNPA) ratio to 0.6 per cent at end-March 2024, it said. "The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability. With improved balance sheets, banks and financial institutions are supporting economic activity through sustained credit expansion," it said. The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of SCBs stood at 16.8 per cent and 13.9 per cent, respectively, at end-March 2024, it said. According to the report, macro stress tests for credit risk reveal that SCBs would be able to comply with mini

Banks seek clarification on RBI's credit card network choice guidelines

The Reserve Bank of India's directive, which will go into effect in September, requires banks and non-banking financial companies to provide customers options to choose multiple card networks

Digital currency transactions slump after reaching initial RBI's target

RBI started a pilot for the e-rupee, devised as a digital alternative to physical cash, in December 2022, and successfully reached a target of 1 million retail transactions per day

Policymakers at Reserve Bank remain divided over rate-growth debate

The split in the views show a widening gap between the external and internal members on how to balance economic growth and inflation

RBI inducts addl director on Bandhan Board ahead of CEO Ghosh's retirement

Ex RBI CGM Arun Kumar Singh appointed for one year to ensure smooth leadership transition

India records current account surplus of 0.6% on higher service exports

India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank said on Monday. In the year-ago period, the current account deficit stood at USD 1.3 billion or 0.2 per cent of GDP, and the same was USD 8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023. For FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.

SLBCs can boost financial inclusion if synergy with govt improves: RBI DG

Reserve Bank Deputy Governor Swaminathan J has said State Level Bankers' Committees (SLBC) can play a more effective role in financial inclusion through better coordination with government and NGOs in credit planning and promoting digital financial literacy. Observing that the role of SLBCs in fostering inclusive and sustainable growth is crucial and multifaceted, he said, it can drive significant progress in bridging the gap between financial services and the underserved populations. "By focusing on effective coordination with government and NGOs, adopting a scientific approach to credit planning, and emphasising digital financial literacy, SLBCs can create a more inclusive financial ecosystem," he said at the Conference of Convenors of SLBCs at Pune on June 19. "As we move forward, it is essential to monitor and measure the tangible outcomes of our efforts, ensuring that the benefits of financial inclusion reach every corner of our country," he said. By tailoring initiatives to .

RBI's rate panelists see growth risks, call for rate cut to sustain economy

The views of the three members show increasing concern among policymakers about momentum in Asia's third-largest economy

'Too high real repo rate could have adverse effects on demand, supply'

Repo rate cannot affect food prices. So, keeping it above equilibrium will not lead to faster disinflation. A positive real repo rate is adequate to anchor inflation expectations, says Ashima Goyal

Tweak draft project loan financing norms

Instead of a blanket 12-fold jump in the provision requirement, the RBI can ask lenders to create project finance reserves on their balance sheets

RBI's MPC minutes: External members make a strong case for rate cut

Internal members, however, cited food inflation risk for maintaining the status quo and said the last mile of disinflation has been slow

Forex reserves drop $2.92 bn to $652.89 bn for week ended June 14

India's forex reserves dropped by USD 2.922 billion to USD 652.895 billion for the week ended June 14, the Reserve Bank said on Friday. In the previous reporting week, the kitty had jumped by USD 4.307 billion to USD 655.817 billion, a new all-time high after consecutive weeks of increase in the reserves. For the week ended June 14, foreign currency assets, a major component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased by USD 1.015 billion to USD 55.967 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 54 million to USD 18.107 billion, the apex bank said. India's reserve position with the IMF was up by USD 245 million to USD 4.581 billion in the reporting week, the apex

Shorter duration to comply reason for banks' delay to join BBPS

Payments industry hoping for an extension of the deadline

UCBs should ensure proper credit underwriting, NPA recovery: RBI Governor

The RBI today held a Conference of Directors of UCBs in the Western Zone in Ahmedabad. The theme of the conference was 'Governance in UCBs - Driving Sustainable Growth and Stability'

Bank-NBFC interconnectedness poses systemic risks: RBI ED Lakshmi Kanth Rao

"Sector needs strong regulatory standards to ensure no gaps"