RBI

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, kmb, uday kotak, digital banking, kotak 811, online banking, banks in india, indian banks

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

shaktikanta das demonetisation arun jaitley raids income tax gold real estate arun jaitley modi criticism cash seized wealth undisclosed income bank officials suspended

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

demo, namo, demonetisation, note ban, cash withdrawal from atm, queues at atms, banks, modi govt

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

rbi mpc meeting, rbi repo rate, rbi governor urjit patel, rbi deputy governor, rbi slr, rbi growth rate projection

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

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Banks may get Rs 3.7 lakh crore lending boost as RBI defers Basel III norm roll-out

Some experts feel the one-year limit could prevent the economy from drawing full benefits of the added liquidity

Nov 22, 2018

RBI vs Modi govt: From liquidity to relief for MSME sector - key takeaways from Monday's board meet

In the tense run-up to the meeting, there was speculation even about RBI governor Urjit Patel's exit.

Nov 20, 2018

rbi, rbi repo rate, rbi governor urjit patel, urjit patel on farm loan waiver, up govt waives farm loans, agrarian crisis in india, modi govt

RBI concludes crucial day-long board meeting; likely to increase cash flow

Among the most contentious issues discussed were the government's demands for steps to ease liquidity in the financial sector and increase credit to small businesses.

Nov 19, 2018

rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

Will RBI chief Urijit Patel quit if push comes to shove?

The government wants Patel to yield on key issues including reserves and bank NPAs to re-ignite economic growth, especially of MSMEs.

Nov 19, 2018

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

The commission had earlier issued a show cause notice to RBI Governor Urijit Patel for "dishonouring" a Supreme Court judgment and CIC directive on disclosure of the list of wilful defaulters.

Nov 19, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Uncertain week ahead as domestic, global uncertainties persist

The week ahead is expected to see much caution as RBI board meeting promises some fireworks over government's differences with Urjit Patel

Nov 18, 2018

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RBI

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

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

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

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

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

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

Modi government thinks it owns RBI, says Chidambaram

RBI is accountable, government runs country: Governor Shaktikanta Das

Demonetisation threw up political, economic puzzles: Arvind Subramanian

Kotak Bank denial of Warren Buffett firm talks rocks shares

Yes Bank raises sensational charges against rival Kotak and business daily

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

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

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

Banks may get Rs 3.7 lakh crore lending boost as RBI defers Basel III norm roll-out

RBI vs Modi govt: From liquidity to relief for MSME sector - key takeaways from Monday's board meet

RBI concludes crucial day-long board meeting; likely to increase cash flow

Will RBI chief Urijit Patel quit if push comes to shove?

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

Uncertain week ahead as domestic, global uncertainties persist

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious