Page 233 - Reserve Bank Of India

The rocket rupee

It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai

PSU banks to follow template with three loan buckets for recast 2.0

Lenders come out with standardised products to help mitigate Covid crisis

A no-action policy with focus on growth

'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year

RBI's new norms to help enhance audit quality, transparency: Experts

The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as transparency, apart from adding to the value to the businesses rather than wasting resources

Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr

To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the COVID-19 relief measures announced by the Reserve Bank earlier this month. Many lending institutions have got board approval for the resolution framework and eligible borrowers are being contacted. For example, the Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online. "In these trying times, we offer you a helping hand by extending relief as per RBI Resolution Framework 2.0 dated May 5th, 2021. If you are under financial stress caused by the COVID Second Wave, you may opt for restructuring of your account," the message said. Meanwhile, another public sector lender Punjab & Sind Bank said its debt recast plan as specified by the RBI has been approved by the board. "We will be reaching out to our customers including through BCs...we will get a fair idea about ..

RBI likely to retain benchmark interest rate on Friday, feel experts

Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts

Despite record dividend, RBI and govt may have differences over new norms

Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now

RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio

The RBI acted on the matter after it received a whistleblower complaint regarding the irregularities in the auto loan portfolio of the bank

Markets in bubble zone? Tech charts say Sensex to hit 53,000 soon

Nifty50's stability above 15,300-mark shows a further breakout towards 15,700 and 16,000 levels, as per the weekly chart

Best of BS Opinion: Accounting gains, games promoters play & more

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

RBI says economic cost of second Covid-19 wave may be limited to Q1

Government must now step up expenditure to boost demand for private investment and consumption, said RBI

In pandemic year, bank frauds down 25% by value: RBI annual report

In terms of number, fall is 15%; share of PSBs in cases declines

Accounting gains

RBI's higher surplus transfer has limits

Banks need to monitor asset quality, prepare for higher provisioning: RBI

RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers

In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination

Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018

Revival of pvt consumption, investment key for post-Covid growth: RBI

The Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical

Notes in circulation go up due to holding of cash amid pandemic: RBI

Banknotes in circulation witnessed higher than average increase during 2020-21

Tough audit rules

RBI must consider the concerns of financial services players

Best of BS Opinion: Tough audit rules, Myanmar's great leap back & more

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

Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs

The para banks, however, were allowed to do the change from the second half of the fiscal year.