Existing limit for FPI investment in G-secs is 6% of the outstanding stocks of securities; govt may announce increase to 10% in Union Budget 2020
The RBI is expected to reduce its policy rate to 4.5% in this rate cycle, economists say
All banks will be eligible for the intraday facility, but the limit will be set by the RBI from time to time
Following exposure of scam in the PMC Bank, which had over 9.15 lakh depositors, the RBI had imposed restrictions on withdrawals
Banks and non-bank firms are in a feedback loop, especially through exposures to the real estate sector, which is under "significant stress," Moody's said
Bank plans to raise $1.75 billion; in talks with five European institutions: Ravneet Gill
Industry experts fear massive implementation hurdles, going forward
RBI cited concern about near-term inflation when it took analysts and markets by surprise and kept it unchanged last week
As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore
The only conversion to date of an urban co-operative bank into a commercial bank is DCB Bank in 1996, which was however not a forced one
In the one-year period, gilt funds had outperformed most other debt categories with gains of over 10 per cent
RBI and the government had differences on many occasions, but the governor didn't let it play them out in public
In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank
The MPC underlined the rising consumer price inflation as one of the reasons
RBI wants to assess the impact of stimulus measures announced by the government to revive growth and decide accordingly once the picture is clearer
The markets were indeed surprised because everyone was hoping that rate cuts will continue
The rising awareness of life insurance as a protection product is giving strong traction to the sector
The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.
The fact that SFBs open paths to universal banks is assuring to some market players
NEFT transactions are settled in hourly batches. For weekdays, the batches are from 8 am to 7 pm. On first and third Saturdays, the settlement happens from 8 am to 1 pm