RBI

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

RBI may need to drain up to $22 billion as inflows add to excess liquidity

Foreign investments into debt and shares have reached a net $31 billion this year, compared with $2.7 billion in sales last year, due to factors including India's low inflation and improving economic growth.

Aug 11, 2017

Bad loans meet: Lenders to discuss future of defaulters identified by RBI

Most of the debt is unsustainable and so high that these companies won't be able to repay it in next 25-30 years.

Aug 7, 2017

Rated tame: RBI behind curve on rate cuts, say frustrated Indian officials

Headline inflation reflects a structural shift, and is low enough to warrant more aggressive cuts, say senior govt officials.

Aug 3, 2017

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RBI Monetary Policy: Repo rate cut by 25 bps, policy stance neutral

Following the decision, the benchmark repo rate stands reduced to six percent from 6.25 percent. Accordingly, the reverse repo rate has been pegged down to 5.75 percent from previous six percent.

Aug 2, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

Home loan, fixed deposit interest rates might sink further

Banks crank up interest rate engines, reassess credit scenario ahead of possible RBI cut

Jul 20, 2017

Insolvency case: Gujarat HC dismisses Essar Steel petition challenging RBI

Essar Steel's petition had challenged the RBI directive to banks for initiating insolvency proceedings against it

Jul 17, 2017

Where banks fear to tread: NPAs on the rise, RBI moves slowly, but surely

Over-leveraged industry stalls on investments and capacity utilisation, as banks go easy on the lending button.

Jul 4, 2017

Buy, buy, baby: RBI's checks can make the banks bounce

Guidelines on third party product sales from the banking regulator may not really stop banks from mis-selling.

Jun 29, 2017

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Wondering how much the SBI chief earns? Here's how low the salary is

SBI chairman Arundhati Bhattacharya took home Rs 28.96 lakh last fiscal, which might generally sound like a big amount but is extremely low when compared with the heads of private banks.

Jun 27, 2017

The Hurting Locker: Trust and liability are gone with the RBI wind

Are banks saying that they don't care for lost or stolen goods from their lockers, but will still charge customers for taking the risk?

Jun 26, 2017

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Thought your treasures were 100% safe in lockers? Banks have no liability for loss of valuables, says RBI

The RBI and 19 other PSU banks clearly explained that the bank is not liable for the customer's loss in case there is a theft or burglary in the bank.

Jun 26, 2017

RBI announces members of oversight panel to tackle bad loans

The panel will oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt accumulated by banks.

Jun 22, 2017

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SBI tops debit card transactions in April

The country's biggest lender reported debit card transactions worth Rs 11,720.73 crore in April,

Jun 19, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

New series of Rs 500 notes to be out soon

There will be a minor change in the new series of Rs 500 notes, the RBI said in a statement.

Jun 13, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017