Page 320 - Reserve Bank Of India

India's manufacturing capacity utilisation declines to the lowest ever

Capacity utilisation had improved gradually from 71 per cent in the aftermath of demonetisation to 76.1 per cent in January-March 2019

RBI raises P2P lending limit five-fold, cap on single-party exposure stays

Apex bank also does away with requirement of escrow accounts run by a bank-promoted trustee for transfer of funds

PMC Bank scam: RBI expects forensic audit report by end of this month

The forensic audit report on the scam-hit Punjab & Maharashtra Co-operative Bank is expected by the end the month, Reserve Bank governor Shaktikanta Das said on Thursday. The multi-state co-operative bank has been under the RBI restriction since September 23, after it had found financial irregularities, including huge under-reporting of loans and non-performing assets to real estate developer HDIL to the tune of Rs 6,500 crore using hundreds of dummy accounts. The central bank also sacked the board of the bank and appointed an administrator. "There is a forensic audit which is underway. The final report of the forensic audit is expected by the end of this month," Das told reporters at the post-policy press conference. In September, PTI had reported that the co-operative lender's actual exposure to HDIL was over Rs 6,500 crore -- which is 73 percent of its entire assets of Rs 8,880 crore. Das said PMC, with the help of professional valuers, is also assessing the ...

RBI's monetary policy spells more trouble for India Inc's earnings

In the absence of near-term government stimulus, markets may remain range-bound until Budget

Payment Banks can become SFB after five years under new RBI norms

SFBs will at once be identified as scheduled banks and can open branches immediately

CIC issues showcause notice to RBI for casual approach to its notice

CIC has directed the Central Public Information Officer of the Department of Banking Supervision of the RBI to explain why penal provisions under the transparency law should be not invoked against him

RBI probing HDFC Bank's net banking and mobile banking app outage

The bank's customers couldn't access these services from 10 am on Monday to early Wednesday morning. Many tweeted saying they could neither access their salaries nor make recurring payments

RBI among 26 global central banks that have been on a rate cutting spree

With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11

To develop secondary market for corporate loans RBI to facilitate SRB

In India's context, corporate loans both standard and Non-Performing Assets (NPAs) have been transferred from banks to other lenders and Asset Reconstruction Companies (ARCs)

Cooperative banks with assets over Rs 500 cr to be under CRILC: RB

These measures are expected to strengthen the resilience and sustainability of UCBs and protect the interest of depositors, it said

Corporate sentiment improving in early sign of economic recovery: SBI MD

The bank's PMI has crossed 50 points for the first time this month indicating that sentiment is positive

RBI proposes new prepaid card for digital transactions of up to Rs 10,000

PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement

Top 5 biz headlines: Repo rate unchanged, P2P lending limit raised & more

From RBI's surprise on repo rate to the Reserve Bank raising the lending limit of Peer-To-Peer platforms five-fold, Business Standard brings you the top headlines of the day

Key takeaways from RBI's monetary policy meet

GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent

Loan melas a short-term salve, may come back to bite NPA-hit banks

Banking and policy experts said government lending schemes had a track record of skimping on due diligence, leading to higher-than-normal levels of bad loans

With rate cuts not helping, here's an unconventional step that RBI can try

The central bank, which reviews policy on Thursday, should look to pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, said Suyash Choudhary

Statistical optimism: Structural issues, base quirks, and Indian economy

It may be hard to square data with the revival being forecast, but economic soothsayers may well be right when they predict 5.8% growth for Q2, 6.4% for Q3 and 7.2% for Q4, T N Ninan explains why

India didn't join RCEP as 'offer was not as much as our aspirations': FM

India's decision to not to join the mega deal was announced by Prime Minister Narendra Modi during his speech at the RCEP Summit in Bangkok early this month.

Macquarie sees RBI posing after Friday's 25 bps rate cut

At 4.5 percent the September quarter GDP is the lowest since March 2013 quarter, when it was printed at 4.3 per cent

Explained: Why RBI's repo rate cuts are not enough to bolster GDP growth

Transmission of rate cuts by banks has been slow because any lowering of interest rate, with deposit rates unchanged, will reduce banks' net interest income spread, affecting their revenue