Page 281 - Reserve Bank Of India

Forex reserves hit an all-time high of $534.5 bn in week ended July 31

While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports

Monetary policy: RBI lends helping hand to distressed retail borrowers

Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter

HDFC Bank's delayed reports to draw in Indian regulator

The local unit of Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans

Monetary policy: RBI measures preserved financial stability, says Das

The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook

RBI governor announces 'positive pay' feature to help avert cheque frauds

Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application

RBI's silence on bond purchases may have left traders disenchanted

The RBI held the repurchase rate at 4 per cent, as it chose to wait for inflation to cool before adding to steps aimed at supporting a fragile economy

RBI's move to allow loan restructuring will support retail industry: RAI

The Retailers Association of India said the Reserve Bank of India's (RBI) move to permit a one-time restructuring of loans will support the retail industry

RBI to set up 'Innovation Hub' for financial inclusion, efficient banking

The Hub will act as a centre for ideation and incubation of new capabilities

Easy liquidity policies have helped NBFCs, aided faster transmission: Das

There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down

RBI extends debt restructuring for MSME, ups gold LTV ratio; bank stks gain

The RBI will constitute an Expert Committee which shall make recommendations on the required financial parameters, along with the sector specific benchmark, to be factored into debt resolution plans

Rupee settles flat at 74.94 against US dollar after RBI keeps rates on hold

During the session, it had witnessed an intra-day high of 74.77 and a low of 74.96 against the greenback

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

Need secured loan? Now you can get more from your gold; here's how

Unlike a personal loan, gold loan is secured loan with your gold article as collateral, and bears a lower interest rate

South Indian Bank gets RBI's nod to set up non-financial subsidiary

Private sector lender South Indian Bank (SIB) on Wednesday said the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary.

RBI may not cut lending rate; announce other measures to boost growth

Although opinions are divided on the rate cut, experts believe loan restructuring is more essential at this juncture to combat the impact of Covid-19

RBI monetary policy: Rate cut too close to call on CPI risks, says survey

Governor Das has recently turned his attention toward the fragile financial sector amid forecasts for a sharp rise in bad loans

Bank stocks in focus; Nifty Bank up 2%; Axis Bank, HDFC Bank rally up to 4%

Financial stocks were trading actively on Wednesday ahead of the Reserve Bank of India's monetary policy outcome, due Thursday. RBL Bank, IndusInd Bank, SBI, ICICI Bank & Bandhan Bank gained up to 5%

After the moratorium: Banks have to face their bad loan problem, again

Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay

Handling the dollar deluge

Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globally

Street has high hopes from HDFC Bank's new MD-CEO Sashidhar Jagdishan

Smooth transition, past experience are positives, say experts