RBI

Banks may resist RBI pressure to cut lending rate despite repo rate reduction

Bankers believe reducing the interest rate on advances without cutting rates on deposit will affect banks' ability to lend more unless SLR or CRR is eased.

Feb 19, 2019

RBI malware warning: Refrain from installing 'AnyDesk' mobile app or else risk losing bank balance

RBI has warned major banks to alert their customers about the massive security flaw in AnyDesk app that can syphon-off their hard-earned savings.

Feb 18, 2019

Yes Bank shares zoom nearly 30% on clean score in RBI's divergence report

Investors who took huge risk after the drubbing the Yes Bank stock got in the recent past were in for a surprise on Thursday.

Feb 14, 2019

Dovish RBI policy to help poll-bound Modi government: Key points

By loosening liquidity and softening the outlook, the reserve bank has administered the right medicine foe the government's election year pangs.

Feb 7, 2019

Kochhar denies guilt after ICICI Bank fires her with retrospective effect

The core of the allegations against Kochhar is that a part of the 'dirty loan' went to a company run by her husband Deepak Kochhar.

Jan 31, 2019

Cobrapost expose says DHFL involved in Rs 31,000 crore loan scam

The scam was carried out by getting loans sanctioned and then sending money to shell companies related to DHFL stakeholders.

Jan 30, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Whistleblower Arvind Gupta unearthed the multi-crore scam at ICICI Bank by analysing publicly available records over the years.

Jan 25, 2019

Snail-paced insolvency route forces 16 banks to sell bad loans worth Rs one lakh crore

Many PSBs including Bank of India, Dena Bank and Punjab National Bank are aggressively selling their bad loan to clean up their balance sheet.

Jan 24, 2019

Kotak Mahindra Bank Q3 net rises 23%, marks fastest pace in 6 quarters

Kotak Mahindra Bank's ledgers were helped by higher interest income as well as write-back of provisions.

Jan 21, 2019

Yes Bank shares rise 5% on reports that Deutsche Bank India head leads CEO race

In September, the RBI decreed that Rana Kapoor cannot stay at the helm beyond January 31, and rejected subsequent appeals for revising of the decision. Kapoor's three-year term had expired on August 31.

Jan 15, 2019

UCO Bank shares zoom 15% after Rs 3,074 crore equity infusion from govt.

The government has announced a Rs 65,000 crore package for recapitalising public sector banks in the country during 2018-19. As much as Rs 23,000 crore has been disbursed so far.

Jan 1, 2019

Modi government thinks it owns RBI, says Chidambaram

The former Union Finance Minister also hoped that new RBI Governor Shaktikanta Das, although a vocal supporter of the much-debated demonetisation, would stand up for the central bank's autonomy.

Dec 14, 2018

RBI is accountable, government runs country: Governor Shaktikanta Das

The newly-appointed RBI governor refused to go into contentious issues in response to queries on the recent government-RBI tiff culminating in the resignation of Urjit Patel.

Dec 13, 2018

Demonetisation threw up political, economic puzzles: Arvind Subramanian

The former Chief Economic Advisor also said that the autonomy of RBI must be protected because the country will benefit from having strong institutions.

Dec 10, 2018

Kotak Bank denial of Warren Buffett firm talks rocks shares

Lender's shares soared after a media report suggested it was in discussions with Berkshire Hathaway over a 10 per cent stake sale

Dec 8, 2018

Yes Bank raises sensational charges against rival Kotak and business daily

Yes Bank and Kotak Mahindra Bank started operations in the early 2000s as investment banks, but Kotak bloomed into a full fledged lender later on.

Dec 7, 2018

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018

RBI governor Urjit Patel appears before parliamentary panel to brief on demonetisation

The RBI Governor appeared before the panel days after the central bank's face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Nov 27, 2018