Page 95 - Rbi

RBI directs gold loan providers to review policies and practices

Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers

SFBs should adopt responsible lending practices: RBI DG Swaminathan

The boards are also expected to ensure a proper succession planning for top management

RBI dy guv Swaminathan calls for responsible lending at small finance banks

The RBI has been encouraging banks to strengthen governance standards to prevent financial instability and systemic risks

IndusInd Bank board okays re-appointment of Kathpalia as MD & CEO for 3 yrs

Re-appointment is subject to RBI and shareholder approval

Forex reserves advance for 6th week to hit record high of $692.3 billion

The reserves rose by $2.84 billion in the reporting week, after having risen by a total of $19.3 billion in the prior five weeks

India keeps markets guessing ahead of three key RBI MPC appointments

The contracts of three external members of RBI's monetary policy committee will expire on Oct 4, just days before the MPC is expected to meet and make its rate decision on Oct 9

RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll

Inflation held below the RBI's medium-term target of 4.0 for a second month in August

Fintech loan disbursements decline in volume and value in Q1FY25: Report

The signs of a slowdown in disbursements come nearly one year after the Reserve Bank of India (RBI) hiked risk weights on unsecured loans

'Know your districts well' to deepen financial inclusion: RBI DG to bankers

Having achieved success in improving access to banking services, there is a need to improve the usage of facilities, Reserve Bank Deputy Governor Swaminathan J has said. The career commercial banker-turned-central banker exhorted bank officials to know their districts very well in the pursuit of the aim. "India has made significant strides in enhancing 'access' to banking and financial services, reaching even the most remote areas. However, there is still considerable ground to cover in deepening financial inclusion. This requires greater focus on promoting 'usage' and improving the 'quality' of services," he said. Addressing the Conference of Lead District Managers and District Development Managers in Hubballi last Friday, Swaminathan said it is imperative for bankers to follow the maxim of "know your district well" by having a deep understanding. The district profiles should include detailed demographic information, agricultural trends, banking penetration and activities, industr

Buy-and-hold investors, avoid high secondary mkt premiums on SGBs

A key reason for the current delay is that SGBs have become an expensive borrowing route for the government

Piyush Goyal promises to take up financing issues of realtors with RBI

Union Commerce and Industry Minister Piyush Goyal on Tuesday assured realtors that he would take up the issue of easy financing to the real estate sector like other industries with the Reserve Bank of India. The minister also assured that he would talk to state governments and urban local bodies for faster approvals for real estate projects, provided the builders pledge to do business in a transparent manner with zero corruption. Addressing a conference organised by reactors' apex body CREDAI, Goyal highlighted that the new realty law RERA has brought transparency and certainty in the real estate sector. "Clearly, your (real estate) sector is doing wonderful work and contributing immensely, whether it is to job creation, whether it is to building the needs of the nation..., contributing to taxes and the national GDP." Ever since RERA was introduced, he said, "you will appreciate that a lot of the disciplines that were brought in were good for honest and sincere developers..." "We

RBI must step in: Congress on SBI 'buying' equity in defaulter SIIL

The Congress on Tuesday slammed the SBI's reported decision to convert its outstanding debt into equity in Supreme Infrastructure India Limited (SIIL), urging the Reserve Bank of India to step in and examine SBI's decision-making process in this matter. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which claimed that the State Bank of India (SBI) will take a dual role in the debt restructuring of defaulter SIIL with the country's largest public sector bank transitioning from being SIIL's primary creditor to becoming an equity stakeholder. "In an extraordinary move, the SBI has decided to convert its outstanding debt into equity in Supreme Infrastructure India Limited (SIIL), a firm that declared bankruptcy. The lendors, including SBI, took a 93.45% haircut on the debt," Ramesh said on X. "This arrangement creates a dangerous precedent in India's corporate debt landscape - it encourages other defaulting companies to seek similar deals, .

Banker's Trust: All you want to know about SROs in finance sector

The key to effective implementation of the SRO regime is avoiding overlap

RBI report: Gap in credit, deposit growth shrinking but challenges remain

With inflation easing household consumption to growth faster in Q2

Investing in NBFC bonds: Strike a balance between return and rating

With more NBFCs tapping the bond market, interest rates are currently attractive

Food-price volatility may pose risk to India's inflation: RBI Bulletin

Food prices, which account for nearly half of the retail inflation, rose 5.66 per cent in August, compared with a 5.42 per cent climb in the previous month

NRI deposits witness $5.82 billion inflows in April-July 24, shows RBI data

The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits

September set to be busiest month for IPOs in 14 years: RBI Bulletin

The month of September is set to be the busiest month for IPOs in both mainboard and SME segments in the last 14 years, with over 28 companies entering the market so far, said the Reserve Bank's latest Bulletin released on Friday. Financial markets are undergoing shifts, said the article on the state of economy published in the RBI's September Bulletin. "In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions," it said. Citing a study by market regulator SEBI, the article further said 54 per cent of IPO shares allotted to investors were sold within a week of listing. "September is set to be the busiest month for IPOs... in 14 years," the article said, adding that over 28 companies entered the market so far in both mainboard and SME platforms. The article said resource mobilisation through initial public offerings (IPOs) has remained robust

Net FDI in India rises to $5.5 billion in Apr-Jul 24, shows RBI data

The increase was due to an improvement in gross inward FDI, which grew by 23.6 per cent year-on-year (Y-o-Y) to $27.7 billion during the four months of FY25

Rupee posts biggest weekly gain in 2024; appreciates 9 paise to 83.56

RBI's dollar buy prevent further strengthening