Reserve Bank of India

It’s official: 1,482 urban cooperative banks and 58 multi-state cooperative banks now under RBI supervision

It’s official: 1,482 urban cooperative banks and 58 multi-state cooperative banks now under RBI supervision

President Ram Nath Kovind has promulgated the Banking Regulation (Amendment) Ordinance, 2020 to bring all urban cooperative banks and mul...Read More

RBI does not recognise Google Pay as a payment system operator

RBI does not recognise Google Pay as a payment system operator

The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate a...Read More

SC to Centre, if moratorium is announced, ensure benefits for customers

SC to Centre, if moratorium is announced, ensure benefits for customers

Solicitor General Tushar Mehta, representing the Centre, contended before the court that the interest waiver would have an adverse effect...Read More

RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

According to the RBI paper, a promoter or major shareholder of a bank may continue as CEO or whole-time director for a maximum period of ...Read More

Allow banks to disburse loans to Amrapali home buyers, SC to RBI

Allow banks to disburse loans to Amrapali home buyers, SC to RBI

"In view of current social and economic conditions, the court may direct the RBI to keep its circulars/guidelines relating to NPA in abey...Read More

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

The Reserve Bank of India has opposed waiving off the interest during the moratorium period, insisting that the aim and object of allowin...Read More

Consumer confidence collapses, economy may contract by 1.5 pc in FY21: RBI surveys

Consumer confidence collapses, economy may contract by 1.5 pc in FY21: RBI surveys

"Consumer confidence collapsed in May 2020, with the Current Situation Index (CSI) touching historic low and the one year ahead Future Ex...Read More

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

The top court on Thursday expressed strong displeasure over the way the RBI is treating people who had taken loans and wanted a waive off...Read More

RBI fines Bank of India, Karnataka Bank and Saraswat Co-operative Bank

RBI fines Bank of India, Karnataka Bank and Saraswat Co-operative Bank

The Reserve Bank of India (RBI) has imposed penalty on three banks — Bank of India, Karnataka Bank and Saraswat Co-operative Bank Ltd. Th...Read More

RBI's 2nd booster shot to economy: Key interest rates slashed to lowest levels since 2000

RBI's 2nd booster shot to economy: Key interest rates slashed to lowest levels since 2000

The central bank, which advanced the monetary policy committee (MPC) meeting for the second time since March, extended the three-month mo...Read More

RBI may extend moratorium on repayment of loans for three more months: Report

RBI may extend moratorium on repayment of loans for three more months: Report

"With the lockdown now extended up to May 31, we expect RBI to extend the moratorium by three months more," SBI's research report- Ecowra...Read More

NBFCs urge RBI to allow draw-down from reserves for provisioning

NBFCs urge RBI to allow draw-down from reserves for provisioning

NBFCs appropriate pro Statutory and Other Reserves, and utilization of these reserves is governed by the statute requiring its creation.

RBI may have to monetise around Rs 7 lakh cr of stimulus package: BofA

RBI may have to monetise around Rs 7 lakh cr of stimulus package: BofA

"Of the nearly 10 per cent of GDP worth stimulus, 7.3 percentage points of it can be funded through many means. But the balance 2.7 perce...Read More

RBI may extend moratorium on loans by another 3 months

RBI may extend moratorium on loans by another 3 months

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RB...Read More

RBI extends market trading hours from 10 am to 2 pm till further notice

RBI extends market trading hours from 10 am to 2 pm till further notice

The Reserve Bank of India (RBI) on Thursday announced the extension of amended hours for the market regulated by it. The RBI has amended ...Read More

Richa Chadha wonders why RBI can't write-off all EMIs, Twitter asks Bollywood to make 'ticket-less movies'

Richa Chadha wonders why RBI can't write-off all EMIs, Twitter asks Bollywood to make 'ticket-less movies'

Richa is being trolled for not understanding the difference between write-off and waive-off.

Rs 50,000 crore a welcome move: Twitter hails RBI's move for special liquidity facility for Mutual Funds

Rs 50,000 crore a welcome move: Twitter hails RBI's move for special liquidity facility for Mutual Funds

Twitter was abuzz after the Reserve Bank of India’s announcement that Rs 50,000 crore special liquidity facility for mutual funds.Everyon...Read More

RBI Announces Rs 50,000 crore special liquidity facility for mutual funds; what this means for you

RBI Announces Rs 50,000 crore special liquidity facility for mutual funds; what this means for you

With a view to ease liquidity pressures on Mutual Funds, the Reserve Bank of India (RBI) has decided to open a special liquidity facility...Read More

Industries need stimulus to deal with pandemic: R Ganapathi, President of South India Chamber of Commerce & Industry

Industries need stimulus to deal with pandemic: R Ganapathi, President of South India Chamber of Commerce & Industry

In an exclusive interview with Kanchan Srivastava, Ramachandran Ganapathi, President of South India Chamber of Commerce & Industry (SICCI...Read More

From relaxing export rules to increasing WMA of States, UTs: RBI announces additional measures to fight coronavirus pandemic

From relaxing export rules to increasing WMA of States, UTs: RBI announces additional measures to fight coronavirus pandemic

After announcing a repo rate cut and other monetary policies to fight the coronavirus pandemic, the Reserve Bank of India (RBI) on Wednes...Read More

Free Press Journal

www.freepressjournal.in