Page 324 - Reserve Bank Of India

All you wanted to know about banking frauds

Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months

Cyber fraud: Here's how you can save yourself from getting scammed online

Install verified apps to reduce the probability of falling prey to cyber crimes

Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman

On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India

Financial reforms like regulating co-op banks coming in winter session: FM

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation

Retail inflation may average 4% in FY20, but RBI may cut rate: SBI report

The report said even as food CPI will remain elevated, core CPI will go below 3 per cent in this fiscal.

RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML

Analysts at foreign brokerage Bank of America Merrill Lynch said the RBI will cut rates by 0.25 per cent in December, and follow it up with a 0.15 per cent in February

Cash in circulation rises, hindering Modi govt's digital economy push

Ratio of currency in circulation to GDP has risen to 11.23 per cent as of March 2019, putting question mark over demonetisation aim.

RBI may incentivise banks to lend more in credit-starved regions: M K Jain

For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added

At 4.6% in Oct, retail inflation breaches RBI comfort level after 15 months

But core inflation, which excludes the volatile components of food and fuel, stood at 3.3 per cent in October; this is its lowest in eight years

Onion prices are fueling inflation in India but RBI may still ignore it

While policy makers will assess the accompanying food-price data, it may not be compelling enough to hold their attention

NIIF Infrastructure Finance set for a tax dispute with I-T department

The company is seeking an exemption since 2015, while the I-T department has notified the fund only from April 1 this year

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

Multiple regulators hurting bond market development: RBI official

The need for a robust bond market has increased, thanks to the stressed balance-sheets of banks, M Rajeshwar Rao, an executive director at the central bank, said.

RBI raises cap on borrowing from MFIs to Rs 1.25 lakh in rural areas

Similarly, the limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular

India's retail inflation may have breached RBI's comfort level of 4% in Oct

Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies.

No transaction charge on NEFT payments from Jan 2020, RBI tells banks

Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019

Trump may not be able to secure a lasting US-China deal: Raghuram Rajan

A deal good enough to restore confidence in cross-border investment is not likely "in the next year or so, and could even require a new administration in the US," he added.

Now, banks can directly buy gold from depositors for monetisation plan

With relaxation, one can also deposit with refiners and purity testing centres

One-time restructuring should be allowed for some loans: HDFC chairman

Parekh said builders had erred in the past by over-leveraging and going on a land-buying spree.

Lack of ICA to hit PMC Bank's HDIL exposure

It is not clear as to where PMC Bank stands in the pecking order for recovery of its dues from HDIL, worth Rs 6,500 crore