In what could be a possible fallout of the Punjab National Bank (PNB)-Nirav Modi episode, the Reserve Bank of India (RBI) on Thursday said banks
Month: April 2018
Lenders get one more year to adopt new accounting system – The Financial Express–06.04.2018
The Reserve Bank of India on Thursday relaxed the requirement for banks to implement the Indian Accounting Standards (Ind AS) from April 1, 2018 by
One step back: IBC must not encourage out-of-court settlements | Business Standard Editorials–06.04.2018
The central issue is: How can efficient and equitable price discovery be enabled for a stressed asset? A high-level panel set up to review the
RBI’s monetary policy review: Central bank’s stance signals positive change | Business Standard News–06.04.2018
The Reserve bank of India’s (RBI’s) monetary policy committee (MPC), in its first bi-monthly monetary policy review of 2018-19 on Thursday, decided to maintain the status quo on key
RBI’s puzzling inflation projection – Business Line–06.04.2018
Governor Urjit Patel has delivered a dovish policy that will make the bankers smile The risks to inflation are higher than they have been for
Less than interesting – Business Line–06.04.2018
The first bi-monthly monetary policy for 2018-19 was a largely desultory exercise As expected, the Monetary Policy Committee (MPC) has chosen to keep repo rates
[ RBI-MPC] Benevolent and balanced approach – Business Line–06.04.2018
The MPC move signals that monetary policy-making under an inflation-targeting framework is finally taking root in India The decision of the Monetary Policy Committee to
Dovish surprise – Business Line–06.04.2018
Despite the status quo, bond markets rallied In its first bi-monthly monetary policy statement for FY2018-19, the Reserve Bank of India expectedly kept the policy
Cut fuel taxes: RBI policy statement suggests government has an opportunity to step on the gas–Times of India–06.04.2018
Reserve Bank of India’s monetary policy committee (MPC) on Wednesday played it safe by keeping the central bank’s policy rate unchanged at 6%. This was
[RBI-MPC] Steady hand | The Indian Express–06.04.2018
The sobering fact is even after taking a projected growth of 7.4 per cent this fiscal, the average growth over the last five years is
In 3 years, RBI switches back to GDP-based measure to calculate growth of Indian economy | business news | Hindustan Times–06.04.2018
The Reserve Bank on Thursday switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA)
Surprise softening: on RBI’s inflation projections – The Hindu–06.04.2018
The RBI’s inflation projections belie households’ and manufacturers’ expectations The Reserve Bank of India’s policymakers have acted predictably in opting to keep interest rates unchanged
5.62 lakh Indians hit by data breach, admits Facebook–Deccan Chronicle–06.04.2018
Facebook said that around 5.62 lakh people in India could have been impacted by the data breach undertaken allegedly by UK based political consultancy firm
Pare petroleum taxes —but not just yet–Economic Times–05.04.2018
As news of petroleum fuel retail prices hitting new highs every passing day hits the consumer, expectation builds up that the government would cushion the
RBI enjoys equal regulatory power over both private and public banks: Govt | Business Standard News–05.04.2018
The Union government has informed the Parliament that the regulations framed by the Reserve Bank of India (RBI) apply equally to both public and private sector banks,
Aadhaar not open to judicial review: Centre tells SC – The Economic Times–05.04.2018
Earlier, the Centre had said that the Aadhaar Act was a “fair and reasonable law” which complied with the tests prescribed by the historic verdict
National Company Law Tribunal: Bankruptcy: RBI gives provisioning relief to stressed banks – The Economic Times–05.04.2018
The Reserve Bank of India has temporarily relaxed provisioning norms for lenders to defaulters undergoing bankruptcy resolution in a move that could help banks bolster their financial results for
Don’t send banking into deep freeze–Economic Times–05.04.2018
It is important to root out corrupt practices in banking. But to demoralise the entire banking system in the process would be wholly counterproductive. The
Welcome tweak to IBC, but making homeowners financial creditors not a solution – The Financial Express–05.04.2018
Going by the decision of the appellate tribunal to allow the Committee of Creditors (CoC) for Binani Cement to consider an offer by Ultratech, even
Arbitration Council: The birth of a new regulator? – The Financial Express–05.04.2018
Regulation is usually antithetical to growth. Over the past decade, we have witnessed the growth of arbitration in India. The Supreme Court passed judgments overruling
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