Page 141 - Reserve Bank Of India

Banks using quality liquid assets to fund loan growth: RBI report

Credit growth in the system has touched a decade high, a level seen last in 2011

Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das

Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted

India's current account deficit in July-Sept rises sharply to 4.4% of GDP

Balance of Payments position sees depletion of $30.4 billion, says central bank

Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI

Stress test show banks capable of absorbing shocks without capital infusion

Frontloaded actions to bring inflation further under control: RBI report

India's retail inflation has moderated after remaining above the upper tolerance level since January, and frontloaded monetary policy actions are expected to bring it further under control, the Reserve Bank of India (RBI) said in a report on Thursday. The RBI's Financial Stability Report (FSR) also said the persistence and broadening of core inflation may continue to exert pressure going forward. "Frontloaded monetary policy actions are expected to bring inflation into the tolerance band and closer to the target while anchoring inflation expectations," the FSR noted. The Indian economy is confronting strong global headwinds but the sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and engendering financial system stability, it added. "Inflation, though elevated, is retreating in response to frontloaded monetary policy actions and supply side intervention," the report noted. The RBI said the increase

Extraterritorial reach of regulators weakens domestic stability: RBI

Discussions with foreign regulators positive

Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI

The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming large. The interplay of multiple shocks has resulted in tightened financial conditions and heightened volatility in financial markets, it pointed out. "The Indian economy is confronting strong global headwinds. Yet, sound macroeconomic fundamentals and healthy financial and non-financial sector balance sheets are providing strength and resilience and engendering financial system stability," the report said. In the foreword to the report, RBI Governor Shaktikanta Das said the central bank recognises the destabilising potential of global risks, even as it draw strength from the robust macroeconomic fundamentals of the Indian economy. "The Reserve Bank and the other financial ..

Bank frauds from card, net-based transactions rise, shows RBI report

In terms of the number of frauds, the modus operandi seems to have shifted to card or internet-based transactions

Monetary policy making: 2022 was year of reset, 2023 could be a long pause

25 bps raise likely in Feb, before RBI hits status quo button, feel experts

Speed and capacity

Restoring trust in IBC must be a priority

NBFCs need to be mindful of rising borrowing costs, says RBI report

'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'

Realisation through IBC 201% of liquidation value as of Sept: RBI

SARFAESI and Debt Recovery Tribunals have yielded recovery rates comparable to the IBC mechanism, says Trend and Progress Report

Banks' balance sheet grows in double digits after 7 years: RBI report

Gross NPA slips to 5%; regulator flags slippages from recast accounts

Retail loans likely to become a source of systemic risk, warns RBI

Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday. The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that may arise. "Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk," the RBI said in its trends and progress in banking report for FY22. It can be noted that in the recent past, banks which faced huge loan reverses on the large exposure front had switched focus towards the retail assets building front to avoid any major reverses in asset quality as done after the asset quality review. According to experts, the granularity of loans, coupled with the clearer sight of end use and better diligence and monitoring, given the progress on the credit information companies front, made retail a safer bet for banks all this while. The report said in recent years, Indian banks appear to

Number of banking frauds go up in FY22; substantially down by value: RBI

Banking frauds increased in number terms but the amount involved more than halved in FY2021-22, the Reserve Bank said on Tuesday. In FY22, banks reported 9,102 frauds involving an underlying amount of Rs 60,389 crore against 7,358 frauds with an amount involved of Rs 1.37 lakh crore in FY21. Banks reported 8,702 frauds entailing Rs 1.85 lakh crore in the pre-pandemic FY20. Interestingly, the number of frauds which are related to advances or lending activities has been on a declining trend, with FY22 reporting 1,112 frauds of Rs 6,042 crore, which is lower than 1,477 frauds of Rs 14,973 crore in FY21 and 1,947 frauds of Rs 32,386 crore in FY20, the RBI said in the report on Trend and Progress of Banking in India for FY22. "in terms of number of frauds, the modus operandi shifted to card or internet-based transactions. Additionally, cash frauds are also on the rise, the report said, adding that this involves frauds of Rs 1 lakh and above reported by banks. The number of fraud cases .

Banks may need to lift deposit rates as credit demand surges: RBI report

The Reserve Bank of India has raised rates aggressively this year to tame inflation. While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most

RBI cracked whip on ICICI, others for flouting norms, but was ignored: RTI

The Reserve Bank of India had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply

RBI to streamline charges for a safer, more affordable payments system

The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied

Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI

Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday. The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially to reach 5 per cent in September, the RBI said in the 'Trends and Progress of Banking in India' report for FY22 released on Tuesday. The number stood at 5.8 per cent in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment. "Although presently the Indian banking sector remains robust and resilient with improved asset quality and strong capital buffers, the policymakers remain mindful of dynamically evolving macroeconomic conditions that may impinge on the health of regulated entities," the report said. The decrease in the GNPAs was attributed to lower slippages and also a reduction in outstanding GNPAs through recoveries, ...

Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report

81.2% were operative as of August 2022, up from 76% in 2017