Page 59 - Rbi

RBI imposes penalty on Citibank, Asirvad Micro Finance, JM Fin Home Loans

The action was based on supervisory findings following a statutory inspection of the companies for their financial position as of March 31, 2023

Code of conduct must for freebies: Ex-RBI governor Duvvuri Subbarao

He said that although some people live at subsistence levels and the government must provide certain safeguards, there should be a limit on such provisions

Reserve Bank of India issues norms for forward contracts in G-secs

Aims to assist long-term investors in managing cash flows

RBI announces mega $10 billion FX swap to infuse rupee liquidity

The RBI will conduct the buy/sell swap on February 28

RBI must infuse Rs 1 trillion by March to ease bank liquidity gap: Analysts

Since mid-January, the Reserve Bank of India has infused funds to counter a sharp decline in liquidity caused by its aggressive intervention in the foreign exchange market, among other factors

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Bank of India reports Rs 226.84 cr loan fraud by Gupta Power Infrastructure

State-owned Bank of India (BOI) on Friday reported a fraud of Rs 226.84 crore by Odisha-based Gupta Power Infrastructure Ltd to the Reserve Bank. The bank has informed that Non Performing Asset (NPA) of Gupta Power Infrastructure Ltd has been declared as fraud, BoI said in a regulatory filing. Against the outstanding amount of Rs 226.84 crore, the bank has made provisions of Rs 212.62 crore in case of Gupta Power Infrastructure Ltd, it said. For the third quarter ended December 2024, BoI posted a 35 per cent jump in net profit to Rs 2,517 crore against Rs 1,870 crore in the year-ago period. The lenders' total income increased to Rs 19,957 crore during the third quarter of the ongoing fiscal against Rs 16,411 crore a year ago. The interest income of the bank rose to Rs 18,210 crore against Rs 15,218 crore in the third quarter of the preceding year. Its net interest income (NII) increased to Rs 6,070 crore against Rs 5,463 crore for Q3 FY24.

We expect more measures from RBI on liquidity front: Deepak Agrawal

Central bank has 'communicated intention' to provide sufficient liquidity, says senior executive of Kotak Mutual Fund

RBI weighs some relief for New India Co-op Bank depositors: Report

The RBI, along with the lender's administrator, will require depositors to prove the emergency, one of the sources said

RBI receives bids of Rs 1.87 trillion against Rs 40,000 cr OMO auction

Bond market expects additional OMO auctions as liquidity has been in deficit mode for past nine weeks

Govt should bear higher premium for increased deposit insurance: AIRBEA

Currently, with coverage being for Rs 5 lakh, 97.8 per cent of the total number of deposit amounts are fully protected. However, in terms of value only 43.1 per cent of the deposits are insured

Flows in NRI deposits up 43% to $13.33 bn in April-December 2024: RBI

The total outstanding NRI deposits as of the end of December 2024 stood at $161.8 billion, the latest data released by RBI showed

Outward remittances under LRS drop 10% to $22.82 bn in 9MFY25: RBI

Outflows under the scheme were impacted by deposits, maintenance of close relatives, and the international travel segment, among others

Net short position of RBI's forward book swells to $67.9 billion

REER moderates to 104.82 in January

Economy on recovery path, rate cut to boost demand, says RBI report

Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector

RBI article signals economic momentum rise in H2FY25 amid strong demand

High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin. Economic activity momentum is poised to be sustained, strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector. Urban demand is also poised for a recovery, tracking decline in inflation as well as a boost to disposable incomes from the sizeable income tax relief announced in the Union Budget 2025-26. "...high frequency indicators point towards a sequential pick-up in momentum

The travails of Sachin Bansal's Navi, a fintech that wanted to be a bank

Earlier this week, Bansal stepped away from the CEO post pf the finserv and tech verticals to focus on the group's long-term vision, expansion and M&A efforts

Corporate bond yields continue to harden despite RBI's repo rate cut

SBI, PNB, BoI expected to tap market for fund raise

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Weighted moves: RBI's shock therapy restores stability to the forex market

The Indian currency's rapid fall from 85 to 86 in just 16 days, and from 86 to 87 in another 15 days, highlights the volatility in the foreign-exchange market during those months