Page 25 - Reserve Bank Of India Rbi
RBI increases PMC bank depositors withdrawal limit to Rs 25,000
The Reserve Bank on Thursday enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 25,000 from Rs 10,000 per account over the next six month. This is the second time the regulator has increased the withdrawal limits since its clamped down on the bank on September 23 when it had capped it a low Rs 1,000 per customer which led to lot of distress and criticism. Since then PMC, which has among the top 10 cooperative banks with a deposit of over Rs 11,600 crore, is under an administrator appointed by the RBI the past management is being probed by the economic offences wing of the city police. "We again reviewed PMC Bank's liquidity position and with a view to reducing the hardship of depositors, have decided to further enhance the limit for withdrawal to Rs 25,000 (during the pendency of the six months operational restrictions on the bank)," RBI said in a statement. With the above relaxation, more than 70 percent of the .
 "RBI increases PMC bank depositors withdrawal limit to Rs 25,000")
With Sensex down over 3% since Sep 23, banking crisis may prevent bull run
That has erased almost half of the surge sparked by the Sept 20 announcement of a landmark corporate tax cut
 "With Sensex down over 3% since Sep 23, banking crisis may prevent bull run")
RBI won't let any cooperative bank collapse, banking sector stable: Das
Since the Punjab National Bank scam came to light in February 2018, the banking sector has been hit with two other major crises - IL&FS and DHFL crisis
 "RBI won't let any cooperative bank collapse, banking sector stable: Das")
RBI's external benchmark move: Public sector banks set lower loan rates
Public sector banks have priced their external benchmark-linked loans lower than their private sector counterparts
 "RBI's external benchmark move: Public sector banks set lower loan rates")
Failures of supervision
RBI needs to upgrade oversight capacity
 "Failures of supervision")
How much, Mr Das: Rate cut of 40 or 25 bps?
Not inflation but the slowing growth in Asia's third largest economy, which wants to get into the $5 trillion club by 2025, is the primary concern of the RBI
 "How much, Mr Das: Rate cut of 40 or 25 bps?")
FSDC sub-committee discusses developing stressed assets markets
The sub-committee meeting, which was chaired by RBI Governor Shaktikanta Das, also discussed about measures to strengthen the systems against frauds
 "FSDC sub-committee discusses developing stressed assets markets")
Govt might seek extension of ECB to boost NBFC credit in economy
May ask RBI for relaxed co-origination norms
 "Govt might seek extension of ECB to boost NBFC credit in economy")
RBI's liquidity committee favours long-term lending operations
Existing liquidity framework good enough, says internal committee
 "RBI's liquidity committee favours long-term lending operations")
Strengthen cooperative banks
RBI and govt should not waste the PMC crisis
 "Strengthen cooperative banks")
Why linking loans to external benchmark is a tough challenge for banks
Rating agency Moody's Investor Services has already warned that the move would be credit negative for banks, causing volatility in net interest margins
 "Why linking loans to external benchmark is a tough challenge for banks")
Walking a tightrope
Is a low-inflation, low-growth environment the new normal?
Repo rate to be external benchmark for floating rate loans from Oct 1: SBI
The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole
 "Repo rate to be external benchmark for floating rate loans from Oct 1: SBI")
Experience more relevant than what you learnt 35-40 yrs ago: RBI governor
Das pulled out from retirement and dashed to the Mint Road within two days of Urijit Patel quit on December 10, 2018, after many a run-in with the government
 "Experience more relevant than what you learnt 35-40 yrs ago: RBI governor")
Banks can set their own policies regarding concurrent audits, says RBI
Earlier, the central bank used to formulate rules for concurrent audits, which are done to shorten the interval between a transaction and its audit
Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more
From rationalising GST rates for 5-star hotels to FDI in coal mining, here are the top 10 business headlines on Wednesday
 "Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more")
Non-residents' investments in India's mutual funds near Rs 1 trillion
It was Rs 86,000 crore a year ago
 "Non-residents' investments in India's mutual funds near Rs 1 trillion")
Reserve Bank wants stricter rules for e-commerce payments gateways
Payment gateways and payment aggregators refer to entities, which provide technology infrastructure to route and facilitate processing of an online payment transaction
 "Reserve Bank wants stricter rules for e-commerce payments gateways")
Nips 'n' tucks to fix cyclical slowdown
In our view, the country's structural fabric is intact and a mix of measures - partly from ongoing resolutions and partly guided by government action - can help arrest the current cyclical slowdown
 "Nips 'n' tucks to fix cyclical slowdown")
Corporate bond issuances on the upswing, reach Rs 5.45 trillion till August
While liquidity played a role, banks' reluctance to lend due to risk aversion and tightened group borrower exposure limits are pushing firms to the corporate bond market space, say experts
 "Corporate bond issuances on the upswing, reach Rs 5.45 trillion till August")
