Page 201 - Reserve Bank Of India

RBI issues guidelines for banks to set up 24X7 digital banking units

The Reserve Bank of India on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock

Markets open, banks shut: Investors suffered after RBI holiday on Feb 7

Markets remaining open during bank holidays isn't uncommon. However, such days are known well in advance.

Inflation woes: 10-year bond yield near 7% ahead of RBI MPC meet

The yield on the 10-year benchmark government bond closed at 6.92 per cent on Wednesday, up from the previous close of 6.90 per cent

Prospect of US Fed firing on all cylinders spooks Indian markets

Overseas investors sold shares worth Rs 2,280 crore, while domestic institutions provided buying support of Rs 623 crore

RBI okays 2-yr extension of Murli Natarajan's tenure as MD-CEO of DCB Bank

Natrajan has led the bank since April 2009. In 2024, he will complete 15 years at the helm, the maximum allowed under current RBI guidelines

HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive

On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals

Not activating countercyclical capital buffer: Reserve Bank of India

As per the RBI, the aim of the CCyB regime is two-fold

Close the policy gap

RBI has fallen behind the curve

Bond yield surge threat is only agenda for traders from RBI policy

The Reserve Bank of India faces the challenge of keeping bond yields in check as the government kicks off an unprecedented 14.31 trillion rupees ($190 billion) of annual borrowing in April.

HDFC Bank writes to RBI, seeks approval to hold 50% stake in HDFC Life

Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market

Banking on efficiency

HDFC Bank will benefit from higher scale

Reserve Bank of India imposes penalties on three cooperative banks

The Reserve Bank of India (RBI) on Monday imposed penalties totalling Rs 5 lakh on three cooperative banks for various non compliances. A penalty of Rs 2 lakh has been imposed on The Yashwant Cooperative Bank Limited, Phaltan for contravention of non-compliance with directions issued by it on Income Recognition, Asset Classification, Provisioning and Other Related Matters UCBs, the RBI said in a statement. In another statement, the central bank said a penalty of Rs 2 lakh has been imposed on Kokan Mercantile Co-operative Bank Ltd., Mumbai for similar non-compliance. The RBI has also imposed a penalty of Rs 1 lakh on the Samata Cooperative Development Bank Limited, Kolkata, for contravention of directions issued by it on 'Exposure Norms & Statutory/Other Restrictions-UCBs', the RBI said in a separate filing. In all the cases, the RBI said the penalities are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or ...

'RBI to remain accommodative, leave all rates unchanged in April policy'

The comfort provided by the expected improvement in inflation was the anchor for the super-dovish February policy

Morgan Stanley expects RBI to raise rates by 125 bps cumulatively in FY23

This is against the backdrop of both domestic and global developments.

Best of BS Opinion: Reform reversal, the NPS challenge, and more

Here are the Best of BS Opinion for the day.

BS policy poll: RBI likely to hike inflation forecast, say economists

Most respondents see status quo on repo, reverse repo and stance

FIIs may remain on sidelines for some time: Julius Baer's Ashish Gumashta

Our global desk currently maintains an 'overweight' rating on India with a Sensex target of 66,000

Will we see a reverse repo hike this week?

Can RBI afford the luxury of waiting out on the inflation front to allow growth to pick up?

RBI likely to maintain status quo on rates to support growth, say analysts

The RBI Governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The

NARCL chairman Pradip Shah quit before RBI nod: State Bank of India

After Shah stepped down, Subrata Biswas, a deputy managing director of SBI and one of the nominee directors of NARCL, was appointed as interim chairman