Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/its-a-bank-pmc-will-be-part-of-its-not-takeover-says-centrums-jaspal-bindra/articleshow/83657489.cmsSynopsis The RBI has granted Centrum 120 days to convert itself into a bank with fintech player BharatPe as an investor who will merge
Category: RBI–Banks
MPC chose loose policy to nurse growth, felt inflation wasn’t demand-driven | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/mpc-chose-loose-policy-to-nurse-growth-felt-inflation-wasn-t-demand-driven-121061801504_1.html Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to
Are our forex reserves adequate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/are-our-forex-reserves-adequate/article34851832.ece Going by conventional ratios, they are. There is no reason why the RBI should get defensive about the growing pile The growing foreign
Ray of hope for PMC depositors as Centrum roped in for revival | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/ray-of-hope-for-pmc-depositors-as-centrum-roped-in-for-revival-121061801528_1.html However, restrictions to continue for a while till Centrum gets the final approval PMC Bank sources said it will take another three months
RBI has given us 120 days to operationalise SFB: Centrum’s Jaspal Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/we-have-been-given-120-days-time-by-rbi-to-operationalize-the-bank-121061801711_1.html In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to
Yes Bank news: YES Bank removes fraud tag on Avantha Holdings after forensic audit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-removes-fraud-tag-on-avantha-holdings-after-forensic-audit/articleshow/83625913.cmsSynopsis The bank had red-flagged the account to the Reserve Bank of India (RBI) after the Thapar group company defaulted on a loan that
Fret not overmuch over high inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fret-not-overmuch-over-high-inflation/articleshow/83646400.cmsSynopsis If inflation takes hold, interest rates would go up in the US, the dollar would strengthen, some funds would flow out of stocks
RBI allows Centrum to set up small finance bank; paves way for PMC Bank takeover–business today
Clipped from: https://www.businesstoday.in/sectors/banks/rbi-allows-centrum-to-set-up-small-finance-bank-paves-way-for-pmc-bank-takeover/story/441968.html RBI approval came after Centrum Financial Services, along with Bharat Pe, submitted an expression of interest to take over PMC Bank. PMC Bank
Banking sector facing financial instability: Ex-deputy RBI governor Rakesh Mohan–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/banking-sector-facing-financial-instability-ex-deputy-rbi-governor-rakesh-mohan/story/441962.html Mohan says there is a mismatch between the performance of the real sector and financial markets. RBI this month revised its real GDP
rbi loan moratorium: How borrowers can use second loan moratorium offered due to coronavirus: Should you opt for it? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/how-borrowers-can-use-second-loan-moratorium-offered-due-to-coronavirus-should-you-opt-for-it/articleshow/83542400.cmsSynopsis You can apply for a complete holiday of any repayment be it principal or interest up to a total moratorium period of two
Bad bank: Govt guarantee seen costing Rs 30,600 crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/bad-bank-govt-guarantee-seen-costing-rs-30600-crore/2273468/ Govt won’t infuse capital into the proposed entity, banks will; yet, govt expected to give guarantee on the security receipts issued by the
Surplus transfer: RBI can be characterised as ‘free-ranging’ goose, says article – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/surplus-transfer-rbi-can-be-characterised-as-free-ranging-goose-says-article/article34837103.ece?homepage=true The article refers to the recent ₹99,122-crore transfer to the Centre The Reserve Bank of India (RBI) can be characterised as a ‘free-ranging’
Taper home stretch – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/taper-home-stretch/article34842265.ece?homepage=true Markets have been put on notice by Fed, which has signalled that easy money policy has run its course Global financial markets had
Rising dollar, crude oil negatives for rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rising-dollar-crude-oil-negatives-for-rupee/article34836996.ece?homepage=true However, strong foreign inflows, record forex reserves are positives for the rupee The Federal Open Market Committee (FOMC) of the US Federal Reserve
RBI pays higher-than-expected price to buy 10-year G-Sec – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-pays-higher-than-expected-price-to-buy-10-year-g-sec/article34842848.ece?homepage=true Bond yield declining about 3 basis points to 6.0192 per cent The Reserve Bank of India paid about 38 paise more to purchase
Rupee crashes, bond yields spike as Fed turns hawkish – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-crashes-bond-yields-spike-as-fed-turns-hawkish/article34843482.ece?homepage=true Top US central banker talks of unwinding the QE programme, raising interest rates Currency and bond markets turned intensely volatile following US Federal
rbi loan moratorium: How borrowers can use second loan moratorium offered due to coronavirus: Should you opt for it? – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/borrow/how-borrowers-can-use-second-loan-moratorium-offered-due-to-coronavirus-should-you-opt-for-it/articleshow/83542400.cmsSynopsis You can apply for a complete holiday of any repayment be it principal or interest up to a total moratorium period of two
PNB scam: Fearing investigation by Indian agencies, Mehul Choksi got dummy directors shifted to Bangkok, says CBI – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/pnb-scam-fearing-investigation-by-indian-agencies-mehul-choksi-got-dummy-directors-shifted-to-bangkok-says-cbi/articleshow/83573981.cmsSynopsis The probe has revealed that Choksi appointed employees of his Gitanjali Group of Companies as Directors/ Partners/ Authorized Signatories to his Hong Kong
RBI likely to maintain status quo in August meet, suggests SBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-likely-to-maintain-status-quo-in-august-meet-suggests-sbi-report/articleshow/83569611.cmsSynopsis According to the State Bank of India’s Ecowrap report, inflation may remain on the higher side for a few months because of several
Financial Express MSME Webinar 2021: Business Webinars, MSME Webinar by Entrepreneurs
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-resolution-framework-2-0-rbi-considerate-of-msmes-need-but-real-time-situation-demands-more-measures/2272761/ Ease of Doing Business for MSMEs: A new exclusive criterion for asset classification for MSMEs or provision for interim financing or credit facility
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