Reserve Bank of India

Pandemic threatens to result in balance sheet impairments, capital shortfalls at lenders: Das

Pandemic threatens to result in balance sheet impairments, capital shortfalls at lenders: Das

Balance sheet impairment and capital shortfalls will be more evident once the regulatory reliefs are rolled back, Das said in the bi-annu...Read More

Currency in circulation rises Rs 3.23 lakh cr in first nine months of FY21

Currency in circulation rises Rs 3.23 lakh cr in first nine months of FY21

CiC grew by Rs 3,23,003 crore, or 13.2 per cent, to Rs 27,70,315 crore as on January 1, 2021 from Rs 24,47,312 crore as on March 31, 2020...Read More

Entities making large payments to quote LEI from April 1

Entities making large payments to quote LEI from April 1

The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conc...Read More

Supreme Court asks banks to finalise proposals to finance unfinished Amrapali projects

Supreme Court asks banks to finalise proposals to finance unfinished Amrapali projects

The Supreme Court on Monday directed the counsel representing various banks, along with officials concerned, to meet the court-appointed ...Read More

Mumbai: Beware of online loan apps and their recovery methods, say cops

Mumbai: Beware of online loan apps and their recovery methods, say cops

Short term loans from mobile applications may look appealing and really helpful, but they are also dangerous and ruthless when it comes t...Read More

Bank credit grows at 5.4% in September quarter: RBI

Bank credit grows at 5.4% in September quarter: RBI

Bank credit growth on a year-on-year basis stood at 5.4 per cent in September quarter of the current fiscal year compared to 5.7 per cent...Read More

RBI cautions against unauthorized digital lending platforms; asks users to file complaint on Sachet portal

RBI cautions against unauthorized digital lending platforms; asks users to file complaint on Sachet portal

RBI on Friday has cautioned that legitimate public lending activities can be undertaken by Banks, Non-Banking Financial Companies (NBFCs)...Read More

RBI cancels licence of Maharashtra-based Subhadra Local Area Bank

RBI cancels licence of Maharashtra-based Subhadra Local Area Bank

Mumbai: The Reserve Bank of India (RBI) has cancelled the banking licence issued to Subhadra Local Area Bank Ltd Kolhapur, Maharashtra un...Read More

RBI Guv ask banks to strengthen lending capacity by raising capital

RBI Guv ask banks to strengthen lending capacity by raising capital

During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilan...Read More

Premature rollback of RBI policies could derail nascent growth: Das

Premature rollback of RBI policies could derail nascent growth: Das

All members of the Monetary Policy Committee (MPC) -- Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Mridul K Saggar, Michael Debabrata ...Read More

RBI report flagged ICICI loans to Videocon as 'imprudent' decision by Chanda Kochhar: ED

RBI report flagged ICICI loans to Videocon as 'imprudent' decision by Chanda Kochhar: ED

The 308 page charge sheet, filed by the financial probe agency in Special PMLA court here last month and witnessed by IANS, held that RBI...Read More

Economy to reach pre-Covid-levels by end of FY2022: Niti Aayog

Economy to reach pre-Covid-levels by end of FY2022: Niti Aayog

The Reserve Bank of India (RBI) has also revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5 per cent...Read More

Large NBFCs to come under tighter RBI scrutiny

Large NBFCs to come under tighter RBI scrutiny

Governor Shaktikanta Das said the first tightening measure is on the regulatory regime for non-banking financial companies (NBFCs), which...Read More

Banks need to invest more in IT, tech: RBI Guv on HDFC Bank outage

Banks need to invest more in IT, tech: RBI Guv on HDFC Bank outage

"We cannot put lakhs and thousands of customers who are using digital banking into any kind of difficulty for hours together especially w...Read More

RBI projects 6.8 percent retail inflation in December quarter

RBI projects 6.8 percent retail inflation in December quarter

Mumbai: The Reserve Bank of India on Friday said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the thir...Read More

RBI asks HDFC Bank to stop launch of digital activities after November outage

RBI asks HDFC Bank to stop launch of digital activities after November outage

HDFC Bank said in a regulatory filing that the RBI order "has advised the bank to temporarily stop all launches of the digital business-g...Read More

Indian economy exhibited stronger pick up than expected: RBI Guv

Indian economy exhibited stronger pick up than expected: RBI Guv

Addressing the 4th Annual Day of Foreign Exchange Dealers' Association of India (FEDAI), he cited that a multi-speed normalisation of act...Read More

RBI panel bats for large corporate-backed private banks

RBI panel bats for large corporate-backed private banks

The P.K. Mohanty-headed working group was set up in June to examine and review the extant licensing and regulatory guidelines relating to...Read More

Merger with LVB to strengthen DBS Bank's India biz: Moody's

Merger with LVB to strengthen DBS Bank's India biz: Moody's

Banking regulator RBI on Tuesday announced a draft scheme to amalgamate the troubled Lakshmi Vilas Bank (LVB) into DBS Bank India, which ...Read More

Govt places Lakshmi Vilas Bank under moratorium from Nov 17 to Dec 16

Govt places Lakshmi Vilas Bank under moratorium from Nov 17 to Dec 16

On Tuesday, the Ministry of Finance has placed the beleaguered Lakshmi Vilas Bank under an order of moratorium from November 17 which wil...Read More

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