Page 125 - Reserve Bank Of India

Banks seek RBI's clarification on fresh funding to wilful defaulters

Banks typically calculate the net present value (NPV) of the security and compare it with the settlement amount, which is mostly in cash

India will be among fastest growing economies in 2023: RBI Governor

RBI Governor Shaktikanta Das on Tuesday expressed confidence that India will be among fastest growing economies in the world in 2023 which would grow at the rate of 6.5 per cent in the current fiscal

Disinflation process may be slow, protracted: RBI governor Shaktikanta Das

Das says India likely to remain among the fastest growing economies this year

Sizzling rally in Indian property stocks seen extending over cuts on rates

The NSE Nifty Realty Index has gained 36% since a March-low as cooling inflation allowed the Reserve Bank of India to keep rates on hold

India's inflation is higher than other key developing economies, shows data

In its outlook on inflation last week, the RBI maintained that the headline inflation is to be shaped by food price dynamics

Productivity growth critical for recovery of emerging economies: Patra

Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked

FLDG guidelines: Digital lending industry seeks increase in default cover

Several players say default cover of up to 5% of loan portfolio may not be enough when compared to 100% offered by companies to banking partners earlier

RBI to levy penalties on banks that lose property papers of loan seekers

Banks may have to compensate borrowers and also pay a penalty if they lose the original property documents of loan seekers

Consumers as political bellwether: What duality in sentiment may mean

If inflation cools, employment improves, and growth is above average, it is possible the current consumer confidence level will cross 100 again, for the first time since 2019, writes T N Ninan

Going to the bank with Rs 2,000 notes? Things you should keep in mind

The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts

RBI needs monsoon to deliver before weighing rate cuts in next MPC meet

The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over

RBI not planning to issue norms to regulate social media influencers

The Reserve Bank is not planning to issue any separate norms to regulate social media influencers pedalling their personal views on the financial markets since sector watchdog Sebi is already on it. Addressing media after the monetary policy announcement on Thursday wherein the central bank has for the second time in a row left the key policy rates unchanged, governor Shaktikanta Das said, "The RBI is not planning to issue any separate guidelines to regulate financial market influencers since the Sebi is already doing so". Sebi has been planning to direct brokers and mutual funds to limit the use of financial influencers to curb the spread of financial advice via social media advertising and marketing campaigns. Social media influencers peddle personal views or those paying them on financial markets or stocks. Since January 2022, Sebi has been saying it would come out with regulations to tame the so-called financial influencers, it has not yet issued anything but has been acting ..

Monetary policy review: CBDC QR codes likely to be interoperable with UPI

RBI plans to have 1 mn active customers by June-end

RBI to come out with guidelines regarding fraud account classification

The Reserve Bank will 'shortly' come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice to a defaulter before labelling him a fraudster. "The SC has given a judgement, saying natural justice has to be provided to a borrower before declaring him a fraud. "Subsequently, hearing a review petition filed by SBI, the apex court clarified that there was no need to give a personal hearing," Mukesh Jain, the deputy governor in charge of banking supervision, told reporters during the post-policy presser here on Thursday. Though State Bank moved the court with a review petition, seeking to know whether the March 27 order only applied prospectively and not affect past decisions, the court led by chief justice DY Chandrachud on May 13 refused to review the order but clarified that a personal hearing meant only that a defaulter should be given adequate notice and an opportunity to make a ..

50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das

RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits

Indian shares rise after RBI keeps repo rate unchanged at 6.5% in MPC meet

The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%

RBI MPC: When and where to watch policy announcement by Shaktikanta Das

RBI monetary policy: In April, the MPC had decided to pause the repo rate hike for the first time since May 2022

RBI policy 2023: A look at the existing repo rate, trends and other figures

RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am

Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh

Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023