Page 22 - Reserve Bank Of India Rbi

Bank frauds rise to Rs 1.13 trn in H1 FY20 due to detection delay: RBI

This involved 4,412 fraud cases of Rs 1 lakh and above, as per the report

Time running out for PSBs

Business is rapidly shifting to private banks

Now, you can use RBI's prepaid card for small-ticket retail purchases

When it comes to safety, this card will be on a par or perhaps even better

RBI to buy, sell g-secs of Rs 10,000 cr each via special open market ops

Earlier this week, the central bank had conducted a similar open market operations (OMO) and purchased securities worth Rs 10,000 crore and sold worth Rs 6,825 crore

Total amount in bank frauds rise 74% to Rs 71,543 cr in FY19: RBI report

Frauds have been predominantly in the loan portfolio, both in number and value.

Shadow banking crisis: NBFCs' asset quality under stress as profit slips

In the first half of FY20, asset quality of the sector showed further deterioration with slight increase in GNPAs.

UCBs need to address weak governance, slow tech adoption, says RBI report

The sector faces increasing competition from not only scheduled commercial banks (SCBs) but also from small finance banks and payments banks.

RBI launches new prepaid payment instrument for small digital transactions

Prepaid payment instrument or PPI can be used for transaction of goods and services up to a limit of Rs 10,000

Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18

RBI believes PSU banks merger can create lenders of global scale

Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders

Increasing the efficacy of monetary policy

If interest rates aren't reduced quickly & in good measure, the economy will continue to struggle

IBA to set up framework to address consortium, multiple lending issues

And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

Finance Ministry asks central, state depts to continue work with IDBI Bank

It can be noted that in January 2019, the insurance behemoth completed acquisition 51 percent stake in IDBI Bank, following which the Reserve Bank re-categorised it as a private sector bank.

With 'restrictive' norms, not many takers for small finance bank licences

Word is out that there will be relatively few takers for SFB licences compared to the 72 applicants who lined up in February 2015

Not turning lower inflation into low interest rates hurting growth: EAC-PM

Efforts should be mounted to lower the interest rate burdens for borrowers, and RBI's pause had a "terrible" effect of costs for a third of borrowers going up by 0.25 per cent

Assam's MFI crisis may mirror Andhra's: Founder Ujjivan SFB Samit Ghosh

Ujjivan Small Finance Bank (Ujjivan SFB) is now getting on to a higher growth orbit after having been listed

PMC Bank depositors detained for protesting outside CM Thackeray's house

The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.

Das meets heads of PSBs, discusses transmission of rates, stressed assets

The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies