Page 146 - Rbi

RBI to conduct overnight VRR to infuse Rs 25,000 crore on Tuesday

In the preceding VRR auctions, the central bank received a significant response, with banks submitting bids ranging between 2.5 to 3.2 times the bidding amounts due to tight liquidity conditions

75% banks, NBFCs have chatbots, e-assistants: RBI's Michael Patra

Patra said that ensuring robust cybersecurity measures in banking organizations is imperative to maintain public trust in the financial system

RBI Deputy Governor urges for stringent governance standards in UCBs

He added that it is essential for the director to understand the bank's financial statements as it is important for laying down underwriting standards and assessing credit proposals

Govt may raise dividend target to Rs 70k cr from RBI, banks, FIs in Budget

Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in the Lok Sabha on February 1 by Finance Minister Nirmala Sitharaman, sources said, the government would peg receipts from dividends from financial institutions at much higher level than Rs 48,000 crore estimated for the current fiscal. The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore. With public sector banks and financial institutions posting good quarterly numbers during the current financial year, the dividend payout by them in the coming year would be higher compared to this year. So, it would be feasible to expect about Rs 70,000 crore as dividend payout from RBI and financial institutions in FY'25, sources said. The government had

Proposed RBI framework set to give money-changing business a makeover

The stage is being set for integrated players: Those offering tourism-related services, forex and cards

Interim Budget 2024: T V Somanathan to Ajay Seth, meet the FM's crack squad

Sitharaman is backed by a strong team of bureaucrats and economists, who will chart the future strategy in the upcoming Budget

Govt, RBI actively working on CBDC to enable cross border payment: FM

RBI has already rolled out a pilot in the retail version of CBDC or the e-rupee on December 1, 2022. The e-rupee is in the form of a digital token that represents legal tender

Issuers in wait-and-watch mode for overseas listing at GIFT City

Issuers will wait for ecosystem to develop further before firming up listing plans

Commercial bank credit up 16.02% till January 12, shows RBI data

Sequentially, it grew by 0.09 per cent over the previous fortnight ended December 29, 2023. The outstanding credit stood at Rs 154.04 trillion as of January 12, 2024, according to RBI data

Zomato receives RBI approval to operate as online payment aggregator

The Gurugram-based food delivery major had, last year, announced a partnership with ICICI Bank to launch its own payments business, Zomato Pay

Local taxes, fees contribute 1.1% to Panchayats' total revenue: RBI report

States like Tamil Nadu, Himachal Pradesh, Maharashtra, and Telangana reported higher non-tax revenue than others, according to the RBI report on the Finances of Panchayati Raj Institutions.

India's banking system liquidity deficit hit record high, shows data

The deficit widened to Rs 3.34 trillion ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed

ICICI Bank stock shines in a dull market on good performance in Q3

The net advances grew by 18.5 per cent YoY and 3.9 per cent QoQ. Deposits stood at Rs 13.3 trillion, with CASA ratio at 39.4 per cent down 20 bps sequentially

RBI 'mute spectator', allowing banks to charge high interest rates: HC

The Allahabad High Court has observed that the Reserve Bank of India has been a "mute spectator" while banks are imposing arbitrarily high interest rates on customers despite guidelines issued by the banking regulator. The observation was made by a bench comprising Justices Mahesh Chandra Tripathi and Prashant Kumar while disposing of a petition filed by Manmeet Singh who had availed of a loan of Rs 9 lakh from a private bank. "Surprisingly, RBI had been issuing guidelines but has done nothing for the implementation of the same. They have just been a mute spectator allowing the banks to charge arbitrarily a very high rate of interest," the court observed. On the RBI's responsibility as the banking regulator in the country, the court said, "Even if the benefit of doubt is given to the banks that they are free to charge the interest rate but it is duty of the RBI to see that the customers are not inconvenienced by huge rate of interest charged by the banks." The petitioner had obtain

LIVE: Bihar's ex-CM Karpoori Thakur to be awarded Bharat Ratna posthumously

From flight delays due to fog to devotees reaching Ram temple in Ayodhya, catch all the latest updates from around the world here

Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data

This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital

Realty reality: Will luxury housing in India lose its sheen in 2024?

Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?

Sebi may allow AIFs to 'exclude' investors from certain investments

Proposal will help address concerns about evergreening of loans

Ram Temple consecration: Stock and money markets to be shut today

In a circular, the NSE said the currency derivative segment would remain closed on January 22

Private bank profits see impact of alternate investment fund provisions

Higher risk weights on unsecured loans deplete capital