Page 139 - Reserve Bank Of India

NRIs' deposits touch $134 billion in November 2022: RBI bulletin

Old data for October 2022 had shown that outstanding amounts in NRI deposits had broken the streak of continuous fall for the first time in the fiscal year

RBI bought net $4.36 billion in spot forex market in November, shows data

The RBI said it purchased $22.28 billion and sold $17.92 billion in the spot market

RBI's ECL move may hit capital position of smaller private banks

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

RBI prior approval now a must for picking up over 5% stake in banks

RBI has defined "major shareholding" as "aggregate holding" of five per cent or more of the paid-up share capital or voting rights in a banking company by a person

Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit

So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI

Rupee outlook positive, central bank eyed; bond yields likely to rise

Government bond yields are expected to tick up as investors shift focus to the upcoming budget

Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months

The government has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till June 30. The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19. The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for extending the term of Chadha till June 30, 2023, when he attains 60 years, the retirement age, sources said. Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda. Besides, the Bureau recommended Union Bank of India ED Rajneesh Karnatak for the position of MD & CEO in Bank of India. The final decision on the FSIB recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. Th

Focus must stay on core inflation, says RBI governor Shaktikanta Das

Banks developed culture of prudence; corporate loan demand to pick up

Forex reserves drop by $1.268 billion to $561.583 billion, says RBI

India's forex reserves declined by USD 1.268 billion to USD 561.583 billion for the week ended January 6, the Reserve Bank said

Banks want CRR, SLR, priority sector exemption for sovereign green bonds

Suggest green masala bond to attract foreign investors

IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec

RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet

RBI grants in-principle approval for payment aggregator licence to EnKash

Fintech startup EnKash has got in-principle approval from RBI for payment aggregator's licence, the company said on Wednesday

10 NBFCs, 1 asset reconstruction firm defer registration certificates: RBI

The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates

Govt extends RBI Deputy Governor Michael Patra's tenure by one year

The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. Patra's three-year tenure was coming to an end on January 14. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved Patra's re-appointment as the RBI's deputy governor for a further period of one year with effect from January 15, sources said. Patra looks after the monetary policy department as the deputy governor of the central bank and also as a member of the rate-setting Monetary Policy Committee. The six-member Monetary Policy Committee is headed by RBI Governor Shaktikanta Das. Besides the governor, the RBI has four deputy governors. The three other deputy governors of the bank are M K Jain, M Rajeshwar Rao and T Rabi Sankar.

Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO

Chawla is a veteran banker with over 28 years of experience across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank

Top Headlines: India's GDP may grow 7% in FY23, forex reserves up by $44 mn

Business Standard brings you the top headlines at this hour

Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves

Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30

Employee strength of banks in pvt space almost equals PSBs': RBI data

The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene

RBI details maiden sovereign green bond sales worth Rs 16,000 cr

Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9

RBI announces green bonds, to be auctioned in 2 parts of Rs 8,000 cr each

The proceeds from the bonds will be deployed in public sector projects which help in reducing the carbon intensity of the economy, said RBI