Tag: RBI
17 Results
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Realtors hail RBI policy; expect sales to rise 40pc in Oct-Dec
The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent. This is the eighth time in a row.
October 8, 2021 -
Looking at growth to become entrenched: RBI guv Das
The RBI said that given the existing liquidity overhang, absence of a need for additional borrowing for GST compensation.
October 8, 2021 -
New auto debit rules of RBI to set in from Friday
HDFC Bank in a bulk message to customers said as per RBI guidelines on e-Mandate on cards, the bank will decline non-compliant recurring transaction.
September 30, 2021 -
RBI will signal lift-off in interest rates through policy stance
However, with GDP contraction, the RBI had to be flexible with the conduct of the policy rate, reports suggests.
September 16, 2021 -
RBI warns against frauds in guise of KYC update
"Members of public are hereby cautioned not to share account login details, personal information, copies of KYC documents, card information, PIN, password, OTP, etc. with unidentified persons or agencies. Further, such details should not be shared through unverified/unauthorised websites or applications,"
September 13, 2021 -
UCO Bank shares zoom over 16 pc as co out of PCA watchlist
Shares of UCO Bank on Thursday zoomed over 16 per cent after the Reserve Bank removed the company from its Prompt Corrective Action Framework
September 9, 2021 -
UCO Bank shares surge 10% as RBI lifts PCA restrictions
The Reserve Bank has specified certain regulatory trigger points, as a part of PCA framework, in terms of three parameters including capital to risk weighted assets ratio (CRAR), net non-performing assets (NPA), and return on assets (RoA)
September 9, 2021 -
PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy
Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate.
August 7, 2021 -
RBI cancels licence of Madgaum Urban Co-operative Bank Ltd, depositors not to worry
On liquidation, every depositor would be entitled to receive deposit insurance claim amount of their deposits up to a monetary ceiling of Rs 5 lakh only from the DICGC.
July 29, 2021 -
Pandemic pushes digital payments, RBI index up 30%
The index for March 2021 stands at 270.59 as against 207.84 for March 2020, announced while launching the index on January 1, 2021.
July 29, 2021 -
RBI allows card networks, wallets to access RTGS, NEFT
Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem.
July 29, 2021 -
Reduction in NPAs due to write-offs stands at Rs 1,31,894 cr in FY21 for PSBs
In FY2019-20, the number stood at Rs 1,75,877 crore, the RBI said in the RTI reply.
July 17, 2021 -
Fresh card issuance by 5 pvt banks to be impacted due to ban on Mastercard by RBI: Report
The issuance of new cards through another payment gateway would take 2-3 months because it involves technology integration and other modalities.
July 16, 2021 -
Indian economy to witness substantial slack in FY22
"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," it said.
July 16, 2021 -
Federal Bank re-appoint Shyam Srinivasan as MD & CEO for 3 yrs
Earlier in July 2020, the South-based lender had received RBI's nod for reappointment of Srinivasan as Managing Director and Chief Executive Officer till September 22, 2021.
July 10, 2021 -
Bankers working in sensitive positions to get ‘mandatory’ surprise leaves of at least 10 days
In a communication to lenders, including rural development banks and cooperative banks, the RBI has asked them to put in place a 'mandatory leave' policy as part of the prudent risk management measure.
July 10, 2021 -
RBI asks banks to prepare for transition from LIBOR
The directive comes with the objective of orderly, safe, and sound LIBOR transition and considering customer protection, reputational and litigation risks involved, banks or financial institutions.
July 9, 2021