Page 315 - Reserve Bank Of India

RBI's relaxation for banks to lend Rs 3.5 trillion extra set to end

The headroom will not be available in FY21, unless public sector banks are adequately recapitalised

RBI revises PCA regime for urban co-operative banks facing financial stress

Regulator may place restriction on declaration or payment of dividend/donation without prior approval of RBI

RBI allows banks to offer foreign exchange quotes to users at all times

The central bank has accepted the recommendation

Shivalik Mercantile receives approval to become Small Finance Bank

The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker

Five banking trends for the new year

This could be a year of higher NPAs, more recovery, relatively stronger bank balance sheets, low credit growth and better-managed cooperative banks

Claims worth Rs 4,800 cr admitted from fixed deposit holders of DHFL

Following an NCLT order dated December 3, Subramaniakumar, through a public notice, had asked all the creditors including fixed depositors to submit their claims by December 17

How UTI crisis unfolded: Former Sebi chairman UK Sinha revists the drama

The decision to stop the encashment of US-64 unit was a step that shocked investors and the entire capital market. Former SEBI chairman U K Sinha revisits the drama in his new book

Indian Overseas Bank gets Rs 4,360 cr from Centre for meeting norms

In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during FY20 as govt's investment

DSP's gamble to go long on bonds pays off after RBI's Operation Twist

DSP Investment Managers, which manages about Rs 77,600 crore ($10.8 billion), had been betting since August that longer yields would decline

Liquidity surplus in banks races past Rs 4 trn. Will it lead to inflation?

The last such liquidity scene was witnessed just after demonetisation in end of 2016 and early 2017 when banks were parking their deposit-linked money with the central bank

Forex reserves at record high of $457 bn on gain in foreign currency assets

During the week, gold reserves increased by $260 million to $27.392 billion

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

RBI to conduct OMO to buy, sell govt bonds of Rs 10,000 cr each on Jan 6

RBI said it reserves the right to decide on the quantum of purchase/sale of individual securities; accept bids/offers for less than the aggregate amount

Bank credit grows 7.1% to Rs 99.47 trn; deposits rise 10% to Rs 130 trn

In the year-ago fortnight, banks' advances stood at Rs 92.87 trillion, while deposits were at Rs 118.16 trillion

India's start-up culture concentrated in a few states: RBI survey

The annual turnover for over one-fourth of the respondents was up to Rs 10 lakh, whereas around 20 per cent start-ups did not report any revenue generation

RBI comes up with mobile app to help visually impaired identify notes

The free app doesn't need Internet connection and can identify Mahatma Gandhi series of notes, both old and new, included in half folded conditions

Pace of non-food credit offtake slows further in Nov with 7.2% growth YoY

Credit to agriculture and allied activities slowed down to 6.5 per cent in November 2019 from 7.7 per cent in November 2018, the RBI said

RBI says UCBs with deposits of over Rs 100 cr should be run professionally

These UCBs must obtain prior approval of the RBI for appointing the CEO

Govt retains interest rates on small savings; depositors may cheer decision

A cheer for depositors, the move is contrary to what RBI and banks had advised

IMF raises questions over methodology to calculate GDP growth in India

IMF also said there were weaknesses in the deflation method used to derive value added. Deflators are used to convert GDP at current prices to constant prices