Page 21 - Reserve Bank Of India Rbi
Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing
Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.
 "Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing")
Kochhar challenges RBI decision to terminate her; HC seeks bank's response
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
 "Kochhar challenges RBI decision to terminate her; HC seeks bank's response")
Policy challenges with 5 per cent growth
Since the scope of supporting growth through fiscal and monetary policy is fairly limited, economic revival will ultimately depend on policy reforms
 "Policy challenges with 5 per cent growth")
MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions
Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms
 "MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions")
RBI revises norms for faster resolution of Urban Co-op Banks' bad assets
The move comes in the backdrop of the scam in Punjab and Maharashtra Cooperative (PMC) Bank causing distress to over 9 lakh depositors
 "RBI revises norms for faster resolution of Urban Co-op Banks' bad assets")
RBI says rehabilitation benefits to be extended to J-K bank borrowers
Jammu and Kashmir Bank on Saturday said the RBI has permitted lenders to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the union territory of J&K. "The Reserve Bank of India (RBI) has allowed the banks to extend the rehabilitation benefits applicable to the borrowers affected by disturbance/events in the UT of J&K as per master directions on relief measures by the banks in areas affected by natural calamities," Jammu and Kashmir Bank said in a filing to the BSE. The bank, it said, has accordingly initiated the process to implement rehabilitation package to its borrowers. "This is in continuation to our letter...dated 5th November, 2019 regarding seeking a special dispensation addressing the issue of temporary asset impairment due to prevailing situation in J&K since August 5, 2019 from the RBI," the filing said. On August 5, the Centre had abrogated Article 370 provisions that gave special status to J-K and bifurcated the .
 "RBI says rehabilitation benefits to be extended to J-K bank borrowers")
Existing home loan borrowers must move to external benchmark loans
Yes, there will be some cost, but it will be limited to administrative and legal expenses
 "Existing home loan borrowers must move to external benchmark loans")
Have money in inactive bank accounts? Here's how you can claim them back
Ideally, you have only three accounts. One for salary and other two for investment and expenses
 "Have money in inactive bank accounts? Here's how you can claim them back")
Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI
Foreign portfolio investment recorded net inflow of $2.5 billion, against an outflow of $1.6 billion in the year-ago quarter, due to higher flow in the debt market.
 "Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI")
Rupee closes 2019 at 71.38 against dollar, 10-year bond yields end at 6.56%
The 10-year bond yields closed the year at 6.555 per cent, from its January 1 level of 7.418 per cent. Bond prices rise, yields fall.
 "Rupee closes 2019 at 71.38 against dollar, 10-year bond yields end at 6.56%")
Decade in review: How state-owned banks rose to the occasion amid crisis
At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis
 "Decade in review: How state-owned banks rose to the occasion amid crisis")
RBI wants urban cooperative banks to focus mainly on priority sector
UCBs' target for priority-sector lending has been proposed at 75 per cent of their credit from 40 per cent now
10-year bond yields rise on RBI's special open market operations
Interestingly, instead of the 10-year bond yields coming down, it increased about 5 basis points to close at 6.55% after the OMO
Year in Review: In uncertain times, 2019 an eventful year for bonds, rupee
The rupee started at 69.44 a dollar, and on December 27, closed at 71.32 a dollar.
 "Year in Review: In uncertain times, 2019 an eventful year for bonds, rupee")
NBFC slowdown due to low demand and lack of market funding, says RBI
The cash crunch among robust NBFCs is mainly due to a financial support from market instruments, rather than from the lenders.
 "NBFC slowdown due to low demand and lack of market funding, says RBI")
Slowdown effect on the credit growth of lenders: Explained in seven charts
On the profitability front, public sector banks profitability ratios were muted because of weak credit growth as well as slow resolution of bad assets.
 "Slowdown effect on the credit growth of lenders: Explained in seven charts")
Year closes on a gloomy note
Export, import, private investment, domestic demand, direct tax revenue, and indirect tax collection all show a declining trend
RBI's G-sec purchases under 'operation twist' a comforting factor for PSBs
The fall in 10-year G-Sec yields is estimated to benefit state-owned banks by Rs 5,760 crore; Nifty PSU Bank rises 3%
 "RBI's G-sec purchases under 'operation twist' a comforting factor for PSBs")
RBI's second round of Operation Twist, global cues fuel market rally
The 30-share Sensex ended 411.38 points higher at 41,575.14, while the Nifty closed 119.25 points up at 12,245.80
 "RBI's second round of Operation Twist, global cues fuel market rally")
Slowdown, credit squeeze to increase NPA, but banks more resilient now: RBI
Says geopolitical uncertainties an overhang; CAD to remain under control
 "Slowdown, credit squeeze to increase NPA, but banks more resilient now: RBI")
