Page 15 - Reserve Bank

RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year

RBI fines Citibank Rs 4 cr for flouting rules, co-op banks penalised too

Move follows fines imposed yesterday on Bank of India (Rs 5 crore), Karnataka Bank (Rs 1.2 cr) and Saraswat Co-operative Bank (Rs 30 lakh)

Small businesses still waiting for stimulus package

The fall in March trade figures is only the beginning of a trend that is likely to continue in the first quarter of this fiscal year

Slowdown, credit squeeze to increase NPA, but banks more resilient now: RBI

Says geopolitical uncertainties an overhang; CAD to remain under control

RBI may give mutual funds, NBFCs access to large credit information

Simply put, it will do away with the prevailing situation wherein non-banks have no clue on the status of credit exposure of borrowers with banks

Best of BS Opinion: J&K occupying public discourse, but what about economy?

The opinion pages set out some of the critical issues that policy-makers need to confront, says Kanika Datta

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

SBI prices home loans at 265 bps over repo rate from October 1

SBI also said that a 5 bps concession will be given to women borrowers under each category of loans.

RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths

Supersedes board, appoints admin; exposure to HDIL bone of contention

RBI finalises regulatory sandbox framework for innovation in fintech firms

If a fintech firm requires interface with a core banking system for example, a real-time and scaleable model of it will be made available

Banks may seek consent before allowing transfer of funds to your account

The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana

Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg

RBI to come up with revised norms for housing finance companies

Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector

Rs 3.8 trn from 70 accounts need NCLT check by September, says Icra

PSBs' FY19 pre-tax loss seen at Rs 1.2 trn