Page 254 - Reserve Bank Of India

BofA, CLSA think Axis, IndusInd Bank are ripe for re-rating; here's why

Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations

India's retail inflation in Dec likely fell to within RBI target: Report

India's retail inflation likely fell sharply in December, landing within the Reserve Bank of India's target range, due to a significant drop in vegetable and food prices, a report said

RBI to conduct this year's 2nd Operation Twist on January 14

The decision was taken after a review of current liquidity and financial conditions

Flexible inflation targeting: Fix the underlying first - it is broken

The RBI must push the government to put the periodical rebasing of the CPI into the inflation targeting agreement

Currency in circulation expands 22% in 2020 amid Covid-19 pandemic

Data released by the Reserve Bank of India showed that in calendar year 2020, the currency in circulation growth was way higher than 2019's 11.8 per cent growth rate

Reserve Bank forms academic advisory council for supervisory college

The College of Supervisors has been operational in a limited way since May last year, but it is now being fully operationalised

SMCB becomes India's first urban co-operative bank to transition to SFB

The bank had received an in-principal approval from the RBI for transitioning to a SFB in January 2020

Card networks to make recurring payments to PIDF, support initial corpus

RBI's payment infrastructure development fund to be valid for three years, effective January 1, can be extended by two more years

RBI starts LEI for large value transactions in centralised payment systems

Legal entity identifier will apply to all RTGS and NEFT transactions of Rs 50 cr and above; LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

On the chessboard: 2021 will see tectonic shifts in the banking industry

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Thoughts on banking in the new decade

Those banks that remain complacent, bragging about their captive customer base, may turn dinosaurs

We could be on the cusp of banking 2.0

The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

States, UTs set to borrow Rs 3.16 trillion through SDLs in March quarter

Overall, in Q3FY21, gross SDL issue was Rs 2.02 trn

Bank credit growth slows in Q2; personal loans maintain double-digit growth

Industrial credit, however, contracted 1.7 per cent YoY and its share in total credit was nearly 30 per cent at the end of the quarter.

Indian banks' loans rose 6.1% in two weeks to Dec 18, shows RBI data

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18

RBI to conduct simultaneous sale-purchase of govt securities on Jan 7

The Reserve Bank of India will conduct simultaneous purchase and sale of government securities under open market operations for Rs 10,000 crore each on January 7

CCPA seeks RBI intervention on banks delaying refund when transactions fail

Newly set up consumer protection regulator CCPA has flagged this issue to the RBI seeking its intervention to ensure banks reverse such money on time

New Year's Day to Christmas, check out the full list of bank holidays 2021

Except in Chennai, Aizawl, Gangtok, Imphal, and Shillong, the banks will remain open across all other major cities of India on 1 January 2021

Rupee becomes worst-performing Asian currency; bonds rally in 2020

Rupee has depreciated 2.3 per cent in this calendar year