Page 343 - Reserve Bank Of India

Slowing growth? RBI needs to lower its FY19 projection to 7%, says SBICap

Weaker growth and the possibility of inflation undershooting the 2 per cent lower boundary of the RBI's inflation target range are adding to calls for interest rate cuts this year

RBI to examine Dec-quarter result of 11 PSBs before easing lending curbs

The government of Prime Minister Narendra Modi has been pressuring the central bank to ease the curbs on at least some of the banks in an attempt to boost lending and the economy

RBI issues guidelines on use of tokenisation to make card payments safer

At present, tokenised card transaction facility would be offered through mobile phones or tablets only and will be extended to other devices later based on experience, says RBI

Parliamentary panel asks RBI to review rules on banks' capital needs

'Such stringent norms stipulated by the RBI for our banks ... is unrealistic and unwarranted,' according to a report by the Parliamentary Committee on Finance

A call for timely action

After the IL&FS crisis, the RBI feels that the oversight framework related to the financial corporations need to be geared for timely measures

Despite IL&FS crisis, RBI to ensure growth of NBFCs with adequate credit

In spite of the previlaing concerns around non-bank lenders due to defaults by industry major IL&FS, the Reserve Bank Friday said it will ensure that growth in the shadow-banking sector is sustained and liquidity fears are eased. The NBFC sector is liquidity crisis after a series of defaults by Infrastructure Leasing & Financial Services (IL&FS) and its many subsidiaries since late August. "While in 2018-19, though concerns surrounding the sector due to debt defaults amidst temporary asset liability mismatches arose, the inherent strength of the NBFC sector, coupled with the RBI's continuing vigil on the regulatory and supervisory front, will ensure that the growth of the sector is sustained and liquidity fears are allayed," RBI said in its annual report on 'Trends & Progress of Banking in 2017-18', released Friday. The report said the NBFC sector, with a size of around 15 percent of the commercial banks' combined balance sheet, has been growing robustly

Deja vu, RBI

The book disappoints to the extent that it does not bring any new insights to anybody familiar with the literature pertaining to the RBI

RBI autonomy sacred, shouldn't be compromised: Arvind Subramanian

Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said

RBI remains net seller of dollar in Oct, sells $7.2 bn of greenback: Data

RBI maintains that its intervention in the foreign exchange market is to curb volatility in the rupee

Who will be the next RBI Governor? Adhia, Das among names doing the rounds

The first step is for Prime Minister Narendra Modi to appoint an interim governor, as has been the practice in the past

RBI will keep injecting liquidity via OMOs till March-end: Viral Acharya

Acharya said RBI has also provided infusion of liberal liquidity through term repo in addition to the usual provision via the liquidity adjustment facility

Capital cushion needed amid global uncertainty: RBI governor Urjit Patel

The RBI governor told the members of Parliament that credit growth was 15 per cent and that the impact of November 2016 demonetisation had a transient impact on the economy

Key RBI departments go slow on sensitive issues ahead of Nov 19 board meet

Senior officials hold back on opinion to industry

Privatise state-run banks: RBI tells govt loud and clear in stormy meeting

Acharya put forth the proposal as govt nominees raised capital needs of PSBs

RBI is duty-bound to release names of wilful defaulters, says CIC Acharyulu

The CIC's statement comes as the issue of show cause notice being served to RBI governor Urjit Patel for non-disclosure of wilful defaulters list has come to the fore

More rules, less discretion?

Provisioning norms in India are strictly rule-based. Being more conservative helps in withstanding crisis and enables timely corrective measures

RBI tweaks norms to help shadow banks with liquidity crunch, refinance debt

The RBI said the partial credit enhancement would only be allowed to refinance existing debt of the NBFCs and HFCs, provided the bonds issued by them have a tenor of not less than three years

Govt's move to take charge of monetary policy is ominous: Congress

'Under Modi and BJP, they are damaging all the independent institutions of the country which have their role in maintaining governance and administration'

Govt upset with RBI for being kept in the dark about PCA, NPA norms

Officials say there was no discussion in any board meeting, govt does not know the rationale behind revising the framework and how RBI arrived at it

Wrong time to fight? RBI-govt dispute can further damage investor sentiment

If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon