Page 265 - Reserve Bank Of India

Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao

Even before the pandemic struck, India's financial sector was going through tough times

Banks told to credit 'interest on interest' to borrowers, RBI tells SC

Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit into the accounts of eligible borrowers by November 5, RBI has told the Supreme Court.

Statsguru: Rough terrain for states amid slowing economy hit by Covid-19

In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

Reserve Bank to evaluate impact of 'RBI Kehta Hai' awareness campaign

The Reserve Bank will evaluate the impact of multi-media public awareness campaign 'RBI Kehta Hai', which was launched in 14 languages to educate the public about safe banking and financial practices. 'RBI Kehta Hai' was the first even 360 degree campaign initiated by the central bank using all mass media, including media such as television, radio, newspapers, hoardings, web banners, gifs, social media and SMS. In order to evaluate the impact of the public awareness campaign, the RBI has invited Expression of Interest (EoI) from eligible companies and other entities which have successfully completed at least five similar projects. The RBI had launched the multi-media campaign with a view to create awareness among common man about good practices, regulations and initiatives in banking and financial sector. As part of the campaign, messages have been launched on basic savings bank deposit accounts, customer liability in unauthorised electronic banking transactions, safe digital banki

Book excerpt: How RBI under Raghuram Rajan started the war against NPAs

The RBI found that the banks were delaying recognising large accounts as NPAs, even if projects were not starting up, and the 'project commencement' milestone was largely cosmetic

Axis Bank, subsidiaries to acquire 19% stake in Max Life in revised deal

RBI did not consider Axis's earlier proposal of acquiring 17% stake in Max Life

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

A reform that demands more attention

Awareness of the banking sector's many initiatives to help stressed businesses tide over the pandemic is low

Banks focus on services sector for credit growth, shows RBI data

Credit growth to the services sector accelerated to 9.1 per cent YoY at the end of September from 7.3 per cent a year ago.

RBI to conduct second OMO purchase of State Development Loans next month

The Reserve Bank of India will conduct the second Open Market Operations (OMOs) purchase of State Developments Loans (SDLs), aggregating Rs 10,000 crore, on November 5, 2020. The RBI had conducted the first-ever auction under OMOs in SDLs on October 22, 2020. The response was positive, with securities offered for each state being subscribed to, and at yield spreads over central government securities of equivalent maturity at levels which would foster supportive financing conditions for new primary issuances of SDLs, the RBI said in a statement on Thursday. "Therefore, it has been decided to conduct another purchase auction of SDLs under Open Market Operations (OMOs) for an aggregate amount of Rs 10,000 crore on November 05, 2020," it said. The central bank had decided to conduct OMOs in SDLs as a "special case" during the current financial year with an aim to improve liquidity and facilitate efficient pricing. At present, SDLs are eligible collateral for Liquidity Adjustment Facil

Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more

Here's a selection of Business Standard opinion pieces for the day

Growth constraints

State govt finances would remain under pressure for years

RBI fines Jio Payments Rs 1 cr for failing on CEO reappointment rule

Action was based on the deficiencies in regulatory compliance, says central bank.

States facing increasing redemption pressure as borrowings have zoomed

RBI report lauds Odisha, Haryana for dipping into own 'rainy funds' instead of borrowing more; views Gujarat, UP and Punjab as over-leveraged

Real or nominal? Making sense of FM's 'near zero' GDP growth comment

A zero nominal growth rate of GDP would mean the real rate of growth of GDP would be in negative territory.

RBI offers LVB committee option to review CEO names proposed by old Board

The Committee of Directors (CoD) comprise of independent directors Meeta Makhan, Shakti Sinha and Satish Kumar Kalra

Enforce waiver of interest on interest scheme: RBI to lending institutions

The Reserve Bank asked all lending institutions to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020

How Covid-19 disruptions and food inflation have worsened RBI's trilemma

In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher

RBI encourages investment in sovereign bonds as part of liquidity measures

The pivot from RBI will help the government, which has said it will sell 1.1 trillion rupees more debt for the fiscal half ending in March