With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone
State-run Bank of Maharashtra is expecting only Rs 1,000 to 1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India's scheme before December 31
India called upon called upon a foreign institution to take over Lakshmi Vilas Bank's assets and liabilities. That should stoke interest of other global banks
These are among the key recommendations made by the internal committee of the RBI, set up to review the extant ownership guidelines and corporate structure for private banks in the country.
The stage may now be set for another tweak to the central bank's specialised supervisory and regulatory cadre
Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel
The RBI committee has recommended doing away with one size fits all approach to private banks' ownership
The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India
This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement
The RBI further said it reserves the right to decide on the quantum of purchase/sale of individual securities.
RBI's role should be thoroughly probed, says AIBEA
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
ATMs to be operational from today
LVB's bailout plan could have come earlier
AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience
The window to make representations to RBI from all manner of stakeholders ends on November 20
India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects
Here's a selection of Business Standard opinion pieces for the day
Withdrawals capped at Rs 25,000 till Dec 16; finances see steady decline as NPAs mount
The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters