Page 138 - Reserve Bank Of India

Indian banking won't be affected by individual case: Shaktikanta Das

Loans are not given considering a company's market capitalisation, he says about Adani Group crisis

RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%

Need to see decisive decline in inflation, core inflation still sticky, says RBI governor

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

RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'

SBI economists expect RBI to hit pause button on interest rate hike

Economists at SBI on Monday said they expect the Reserve Bank of India (RBI) to hit the pause button on interest rate hike at its upcoming monetary policy review this week. The central bank's Monetary Policy Committee (MPC), the six-member rate setting panel, is likely to continue with the current 'withdrawal of accommodation' stance, the SBI economists said. RBI Governor Shaktikanta Das-headed MPC started its three-day meeting on Monday and it will announce the decision on Wednesday. "Even though RBI could pause as it allows past rate actions to work with long and variable lags, the RBI could still guide the markets with a rate action in future that will be purely data dependent," the note said. Expecting headline inflation to decline closer to 5 per cent by March 2023 and further to 4.2 per cent in April, the economists said they expect a pause from the RBI at the next policy announcement and the present repo rate of 6.25 per cent will be the terminal rate. With the headline ...

Top 10 borrowers owe Rs 12,71,604 cr to Scheduled Commercial Banks: CRILC

Also, as per the RBI guidelines, banks are required to have a clear policy regarding the Debt-Equity Ratio for project financing to ensure that promoters bring in equity funds proportionate to

Banking sector remains resilient amid Adani Group's stock rout, says RBI

SBI's Rs 27,000-crore loans to Adani backed by assets, cash flow, says chairman

RBI asks banks to share information on exposure to Adani Group companies

Indian lenders have around Rs 80,000 cr exposure in conglomerate, marking 38% of the conglomerate's total debt

Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund

Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund

RBI appoints V Ramachandra as member of Advisory Committee of SIFL, SEFL

The Reserve Bank on Tuesday appointed V Ramachandra, former chief general manager of Canara Bank, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). After superseding the boards of SIFL and SEFL in October 2021, the RBI had appointed a three-member advisory committee to assist the administrator of the two crisis-ridden firms. "Consequent upon the resignation of Shri Farokh N Subedar from the Advisory Committee with effect from January 31, 2023, it has been decided to appoint Shri V Ramachandra as a member of the Advisory Committee with immediate effect," the central bank said in a statement. The Advisory Committee shall advise the Administrator in the operations of SIFL and SEFL during the corporate insolvency resolution process, it added. The other two members of the committee are -- Venkat Nageshwar Chalasani, former deputy managing director, State Bank of India; and T T Srinivasaraghavan, former managing

Reserve Bank partially relaxes restrictions on SBM Bank up to March 15

Last week, the central bank had asked SBM to stop all transactions under the liberalised remittance scheme (LRS) until further notice

FY24 borrowings seen at new high, but insurers, softer RBI to help bonds

Sovereign yield curve seen steeper; short-term bonds may gain on likely RBI pivot

Reserve Bank of India to conduct auction of 10-year govt bond on Friday

The government will sell a notified amount of Rs 28,000 crore worth of three securities on Friday

Exposure to Adani group well below limit, says State Bank of India

Lender says all exposures secured by cash generating assets, and debt service will not be a challenge

The case for baby RBIs

Despite its admirable competence and proven track record, the Reserve Bank of India doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year

Digital currency to further bolster digital economy, says RBI's Ajay Kumar

Digital currency will further bolster the digital economy, make payment system more efficient, reduce cost involved in physical cash management and also contribute to further financial inclusion, RBI Executive Director Ajay Kumar Choudhary said on Wednesday. Chaudhary was addressing an outreach seminar on 'Central Bank Digital Currency: The India Story' organised by the Reserve Bank of India. The event was organised ahead of a two-day International Financial Architecture Working Group meeting of G20 slated to take place on January 30 and 31 here. The RBI has already launched pilots of CBDC (Central Bank Digital Currency) in wholesale and retail segments last year. Chaodhary said the CBDC is just a digital form of the physical currency and will have all its characteristics. It is non-remunerative that is it does not carry any interest like any currency, noted Choudhary, adding, "E-rupee is also expected to offer features of physical cash like safety and settlement of ...

SBM Bank says engaging with RBI to address 'supervisory concerns'

The RBI, on Monday, ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS) until further notice, citing "material supervisory concerns" but no further detail

Govt, RBI must tie up to uproot illegal digital lending apps: DLAI

DLAI has also sought clear licensing pathways and operating rules for the ecosystem

RBI asks SBM Bank to put brakes on remittance transactions immediately

The banking regulator in a statement said the action was based on certain material supervisory concerns observed in the bank. It, however, did not elaborate on the nature of concerns

Microfinance attracts renewed attention after RBI's interest rate cap move

Within months of the RBI lifting the interest rate cap on such loans, the industry is seeing a steady rise in borrowing, especially among women in some of India's poorest districts

Banks get time till Dec 31 to execute revised agreement with locker holders

The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so. In August, 2021 the Reserve Bank of India (RBI) had asked banks to enter into revised agreements with the existing locker holders by January 1, 2023 in view of various developments in the area of banking and technology, nature of consumer grievances and also the feedback received. "However, it has come to the notice of RBI that a large number of customers are yet to sign the revised agreement. "In many cases, the banks are yet to inform the customers about the need to do so before the stipulated date (January 1, 2023)," the central bank said in a statement while extending the deadline for banks to complete the process of renewal of agreements for the existing safe deposit lockers in a phased manner by December 31, 2023. Banks have been asked to notify all their customers of the revised requirements by Apr