Reserve Bank of India (RBI)

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

Large borrowers defaults fall sharply after RBI orders 1-day default norm

RBI data show the defaulted loans fell more than 60 per cent to Rs 55,070 crore on September 30, 2018, from Rs 1.53 lakh crore on June 30, 2018.

Jan 16, 2019

UPI 2.0 gets ready to push growth as digital transactions plateau

UPI transactions' value shot up by 700% last year despite a 1% drop in total digital payments

Jan 15, 2019

Yes Bank finalises names for top posts as deadline looms

Yes Bank had submitted the names to Reserve Bank of India and said that it will disclose the candidates upon the RBI's approval.

Jan 10, 2019

RBI changes eligibility criteria for Gold Monetisation Scheme deposits

Notification makes Gold Monetisation Scheme more user-friendly by allowing joint accounts and making more entities eligible for making deposits.

Jan 10, 2019

Syndicate Bank's agricultural sector NPAs rose fourfold in five years

The bank, which is a likely candidate for merger and consolidation with some other public sector lenders, accumulated NPAs to the tune of Rs 10,253 crore until March 31, 2018.

Jan 9, 2019

RBI's economic capital framework faces a crude shock

India's dependence on imports for meeting 80% of the oil demand makes it susceptible to oil shocks, a central bank study says.

Jan 8, 2019

RBI stops printing Rs 2,000 notes two years after demonetisation; how safe is your cash?

The government had introduced the Rs 2,000 notes to arrest the cash shortage in economy following the demonetisation decision announced by Prime Minister Narendra Modi on November 8, 2016.

Jan 4, 2019

Modi govt's re-election push: MSMEs to get GST, loan restructuring breathers

Prime Minister Modi wants GST Council to raise compliance threshold for MSMEs to Rs75 lakh while RBI nod for one-time restructuring covers loans of up to Rs25 crore

Jan 2, 2019

India among world's best performing markets in 2018 despite volatility

Sensex rose about 6% and Nifty50 about 3.2% amid global gloom arising from oil worries and US-China trade war fears

Jan 1, 2019

Ethiopian staff demand 8 months' salary as IL&FS hostage crisis deepens

The Ethiopian Road Authority has decided to back the demand of the locals after authority met to discuss the issue last week.

Dec 31, 2018

Massive banking frauds eclipse record recovery of bad assets in FY18

New regulatory framework helps recover Rs 40,400 crore of bad loans while frauds increase 72% to Rs41,200 crore.

Dec 31, 2018

RBI rejects Modi govt's demand for further easing of banking norms

The central bank's report says defaults rates are high and provisions inadequate to cover losses from bad loans.

Dec 29, 2018

Jalan panel faces tough task of deciding adequate RBI reserves

Growing global uncertainties in a multi-polar world will make it difficult to arrive at the right amount of risk provisioning.

Dec 27, 2018

RBI's Rs 1 trillion bond buyback operations to inject more liquidity into economy

The central bank's open market operations will release Rs 500 billion into the banking system in December and another Rs 500 billion in January 2019.

Dec 19, 2018

RBI board meeting: 4 out of 11 banks may witness ease in lending restrictions

The central bank has taken an activist stance in its last meetings however, the newly appointed governor has adopted a more consultative approach while dealing with the issue.

Dec 16, 2018

RBI board seeks more discussion on governance under new boss

The governance issue was a key part of the board meeting's agenda as the government wanted to have a greater say in the bank's regulatory decisions through its board nominees.

Dec 15, 2018

Sensex, Nifty turn cautious on mixed global cues

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

Dec 14, 2018

RBI governor Urjit Patel's resignation could trigger FII outflow: Report

In December, the FII have sold over $31.67 million worth share. It is to be noted that last year registered a net outflow of FII investment of worth $4921.45 million.

Dec 11, 2018

Urjit Patel's tenure was haunted by Raghuram Rajan's record on institutional integrity

Chosen for his views against some of his predecessor's choices, the 24th RBI governor had weathered the shock of demonetisation.

Dec 11, 2018