Page 230 - Reserve Bank Of India

RBI likely to maintain status quo in August policy, says SBI report

Retail inflation witnessed a significant uptick in May

Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more

Here are the best of Business Standard's opinion pieces for Tuesday

RBI bans DHFL from taking deposits under Piramal Group mgmt

The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one. The changes were made in February 2021, after the RBI gave a non-objection to the January 25, 2021 application by R Subramaniakumar, the DHFL administrator, citing Rule 5 of its FSP (financial ...

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

Rising inflation risk

Ignoring it for long could increase longer-term costs

Reserve Bank of India imposes Rs 11 lakh penalty on 2 co-op banks

The RBI has imposed penalty totalling Rs 11 lakh on Bijnor Urban Co-operative Bank Limited, Bijnor and National Urban Co-operative Bank Limited, New Delhi for contravention of certain norms

'Inflation spike in May might cause RBI to revisit focus on growth risks'

This is based on commentary from global forecasting firm Oxford Economics

Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more

Here are the best of Business Standard's opinion pieces for Tuesday

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Inflation tax masquerading as dividend income

What we have is effectively a tax though it is subtle and non-transparent as it is collected indirectly through the RBI.

Mobile prepaid recharge facility on BBPS by August-end, says RBI

The move is likely to help millions of prepaid phone subscribers in the country.

New auditors: Reserve Bank of India clarifies on tenure, eligibility norms

Industry lobbies have called for a review of the circular issued on April 27

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

Sharpening income inequalities telling story of 'uneven' recovery: Subbarao

The ex-central bank governor said that earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave

Enforcement Directorate issues notice to WazirX, directors over FEMA breach

Exchange said they are yet to receive ED notice

At $605 bn, India ties with Russia as fourth largest forex reserves holder

It took just about a year for reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became RBI governor in November 2017

RBI extends Risk Based Internal Audit rules to housing finance companies

RBI extends RBIA rules to all deposit taking HFCs and non-deposit taking HFCs with assets above Rs 5,000 cr with effect from June 30, 2022

Reserve Bank of India's third tranche of Rs 40,000 crore OMO on June 17

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REL to invest over Rs 100 cr in broking, housing finance business

REL has four key businesses Religare Finvest Limited (RFL) for SME finance, Care Health Insurance Limited (CHIL) - health insurance, Religare Broking Ltd (RBL) and Religare Housing Development Finance

10-year bond is no longer the rate signal for the economy, say experts

Most of the 10-year security is now with the RBI, and a segment of the bond market says the central bank must increase the liquidity of this segment