Page 269 - Reserve Bank Of India

SC asks govt, RBI to put K V Kamath panel's debt recast report on record

Case hearing adjourned to Oct 13 by when Centre and RBI will submit additional affidavits to chalk out steps to bring shape to proposals made on waiver of interest on interest for small borrowers

The task before the new SBI boss

The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain

Loan moratorium case: SC grants Centre, RBI a week to file affidavits

The development comes as the Centre is set to formulate a scheme to waive compound interest for small borrowers during the six-month moratorium period

Govt to waive compound interest during moratorium for some loans: Report

Report says government's decision will benefit those clearing their dues on a variety of loans between March and August

RBI okays appointment of CoD to run Dhanlaxmi Bank till appointment of CEO

Dhanlaxmi Bank on Thursday said that the RBI has approved a three-member interim committee of directors, headed by G Subramonia Iyer, to run the private sector bank after the shareholders voted out its MD and CEO Sunil Gurbaxani. The shareholders rejected the resolution for appointment of Gurbaxani as MD and CEO at the 93rd Annual General Meeting of the bank held on September 30. "Consequent to this, please note that Reserve Bank of India has, as requested by the Board of Directors, approved an interim arrangement for formation of a Committee of Directors to exercise the powers of Managing Director & CEO till such time a new MD & CEO takes charge," Dhanlaxmi Bank said in a regulatory filing. The committee of directors (CoD) will be constituted with Iyer as chairman and G Rajagopalan Nair and P K Vijayakumar as its members, it said. "As advised by RBI, the interim arrangement will not continue beyond four months within which the bank will complete the process of identification .

Non-food bank credit growth decelerated to 6% in August, shows RBI data

Non-food bank credit growth decelerated to 6 per cent in August as against 9.8 per cent in the same month last year, RBI data showed on Wednesday.

RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn

This is much lower than the quantum earmarked for H1, which was Rs 2 trillion, but way above lasgt years Rs 35,000 cr

Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next

How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more

Best of BS Opinion: The missing MPC, biodiversity loss, and more

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

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?

The missing MPC

Delay in appointing external members sends a wrong signal

Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India

Sebi and RBI had conducted a joint inspection, where they found lapses

RBI gives more time to avail additional market borrowing, OD facility

The Reserve Bank in April provided additional flexibility to states and Union Territories (UTs) to raise funds to deal with the Covid-19 crisis. The flexibility was available till September 30, 2020.

RBI move to keep yields low shakes bond mkt, leaves participants perplexed

Participants complain RBI hasn't done much to help alleviate stress in market

HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks

An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator

RBI extends enhanced borrowing limit for banks under MSF till March 31

RBI has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021

Govt failure to appoint MPC members injects more uncertainty in the economy

The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision

Best of BS Opinion: India at UN high table, shareholders in action & more

Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank

Shareholders in action

Problems at Lakshmi Vilas Bank should be settled swiftly

Performance of MPC 1.0 between 2016 and now explained in three charts

The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators