Page 326 - Reserve Bank Of India

Congress questions govt's 'data integrity', says economy facing stagnation

Congress spokesperson Sanjay Jha said the government is in a deep sleep 'like Rip Van Winkle', the famous fairytale character

RBI rejigs departments for better supervision, regulation of banking sector

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre

Rajan responds to FM's comment, says two-thirds of his tenure was under BJP

He said the country needs a new generation of reforms to accelerate economic growth. At 5% GDP growth rate, India was witnessing substantial economic slowdown

Bandhan Bank fined Rs 1 crore for not bringing down promoter stake

The private lender was supposed to bring down the shareholding of its non-operative financial holding company

Assure our money is safe, revive PMC Bank: Depositors urge RBI

The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light

IEX eyes new tech-based opportunities for next level of efficiency

IEX is the biggest player in spot energy trading with a share of 97 per cent, and with participation of over 6,500 players

Risk-based premium for deposit insurance: Time right, but tough to follow

If RBP kicks in, there will be a shakeout among urban-cooperative banks

RBI denies dipping into gold reserves, cites other factors for fluctuations

The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed

India must take a leaf out of China's book and prepare its economy for RCEP

The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan

How the RBI can get its act together

In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing

Letter to BS: Banks should publish newsletters about financial performance

The Reserve Bank of India (RBI) as the central bank should tighten banking regulations for the staff and any deviation should be reported to the regulatory committee at the earlies

States to miss debt target on slow economic growth: India Ratings

RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19

I-T dept scans 30,000 individuals for remitting money abroad via RBI scheme

Most of the assessees in question are either traders or professionals; there are also those who sent money abroad for donation purposes

Letter to BS: Deposit insurance cover needs to be hiked to Rs 10,00,000

Second, risk-based premium should be introduced, based on supervisory ratings for banks

Podcast: Why RBI wants a risk-based insurance cover model for banks

At present, an individual's aggregate deposits in a bank, including fixed deposits, are insured for up to Rs 1 lakh by DICGC

SC to hear PIL seeking interim protection for PMC Bank customers on Friday

PIL seeks comprehensive guidelines to avoid another crisis like that of PMC Bank, seeks 100 per cent insurance of deposits

RBI steps in to raise deposit insurance cover for customers from Rs 100,000

RBI asks arm to create model that'll make banks pay premiums depending upon their risk factor

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme

Deposit insurance was last revised on May 1, 1993, after the collapse of the Bank of Karad

Regulator, auditor should be held responsible for frauds in banks: Thakur

The regulator, auditor and management should be held responsible for fraud in Punjab and Maharashtra Co-operative Bank or other banks, Minister of State for Finance Anurag Thakur said on Thursday. Thakur said that in case of PMC Bank, the Reserve Bank of India has allowed withdrawal of Rs 40,000, which covers around 77 per cent of the affected people and they have been assured of up to Rs 1 lakh. "As far as the PMC Bank or any other bank is concerned, it is the job of the regulators first to look into those issues. It is the auditor, who should be held responsible. It is the management of the bank who are dealing on a day to day basis and if any one is involved in fraud, ED has taken action. People have been arrested. Their properties have been attached," Thakur said at Times Network India Economic Conclave event. He was responding to queries on crisis at PMC Bank and depositors under stress. Thakur said the BJP government has brought in reforms to make balance sheet of banks healt