Page 24 - Reserve Bank Of India Rbi

BSE to provide non-competitive bidding facility in SDLs to retail investors

The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs.

Need to institutionalise state finance panels: RBI Governor Shaktikanta Das

He said fiscally strong states and Centre is the "essence" of Indian federalism and weakness at either end poses a slew of challenges for the country

RBI sets up three-member advisory committee to assist DHFL administrator

The committee would comprise of Rajiv Lall, non-executive chairman, IDFC First Bank Ltd, N S Kannan, managing director and CEO, ICICI Prudential Life Insurance Co. Ltd, and NS Vekatesh, CEO Amfi

Buyers may turn their back on DHFL over KPMG audit report concerns

Bank debt-to-equity conversion will depend on forensic audit report details

RBI's oversight cadre move creates HR trouble, officers threaten agitation

This comes at a time when the RBI is sprucing up its regulatory and supervisory architecture to meet the challenges of the increased interconnectedness and complexities of financial markets

With RBI at helm of affairs, DHFL lenders expect faster resolution

It can be noted that under the IBC, a dud asset case has to be resolved within 180 days, which can be extended to 330 days after the latest amendments.

A test case

DHFL resolution will strain IBC, but is systemically vital

Banking with Google

Regulators need to be watchful about sensitive financial data

Liquidity coverage ratio may not adversely impact growth of NBFCs

Initially, NBFCs have to maintain a minimum of 50 per cent of high quality liquid assets as part of the LCR, which will progressively touch 100 per cent by December 2024

The logjam in rate transmission

The gap between lending rates and RBI's repo rate has reached levels only seen in crises

Two years on, debt resolution of first dozen firms still not complete

The combined debt of these 12 large accounts was Rs 3.45 trillion; the amount realised so far is Rs 1.01 trillion. The liquidation value of these 12 large accounts was Rs 73,220 crore

Letter to BS: Banks should publish newsletters about financial performance

The Reserve Bank of India (RBI) as the central bank should tighten banking regulations for the staff and any deviation should be reported to the regulatory committee at the earlies

PMC Bank depositors hold protest outside RBI headquarters in Mumbai

The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said

RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank

For the third time since its punitive actions, the Reserve Bank on Monday increased withdrawal limits at the crippled cooperative PMC Bank to Rs 40,000 from the present Rs 25,000 per accountholder. The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency, after irate depositors met her. Punjab & Maharashtra Cooperative Bank, which is among the top 10 urban cooperative banks, was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans. The regulator also capped deposit withdrawals first at Rs 1,000, which was subsequently increased to Rs 10,000 and Rs 25,000. "The financial position of the bank has been substantially impaired due to fraud perpetrated on it by certain persons. As soon as the matter came to the notice of the Reserve Bank, action was taken in appointing an administrator and ...

Banking system is safe: RBI tells depositors again as PMC crisis deepens

The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector

Regulators working on tighter norms for promoter pledged share funds

RBI, Sebi, Irdai and PFRDA to work closely on new framework

LVB to continue fund raising after RBI rejected merger with IndiaBulls

The decision taken by the RBI brings to an end the uncertainty and the financial institution would continue to raise capital as per the permitted modes in compliance with all applicable regulations

No special liquidity window for NBFCs, says RBI deputy governor

The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year

RBI denies Bank of Maharashtra proposal for setting off Rs 7,360 cr losses

The Bank's board and shareholders approved setting off losses against the balance lying in share premium account and revenue reserve account of bank

Monetary policy review: PMC fallout adds to RBI's woes ahead of rate cut

The latest trouble in the banking system may further hurt lending in an industry still grappling with the fallout from the collapse of a major shadow lender last year