Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday tried to assuage fears about the banking sector, reeling from one crisis after another, by claiming that
Category: RBI–Banks
This may not be the last rate cut by RBI this year; interest rates may fall below 5%, here’s why – The Financial Express
Bank Interest Rates: The Reserve Bank’s decision to cut short term inter-bank lending rate by another 25 basis point may not be the last rate cut
Growth, not inflation,over-riding concern: Shaktikanta Das on 5th rate cut – The Financial Express
Reserve Bank governor Shaktikanta Das on Friday said the fifth straight rate reduction to a decadal low of 5.15 percent was necessitated by the growing
Monetary easing is fine, but not enough – The Hindu BusinessLine
Lower rates and fiscal stimulus alone will not spur growth. Structural constraints, economic and financial, need to be addressed Himadri BhattacharyaWith a 25-basis point cut
Monetary accommodation continues in push for growth – The Hindu BusinessLine
But, there are limits to the effectiveness of monetary policy in a demand-constrained economy with ‘weak consumer sentiment’ It was an anxious Monetary Policy Committee
RBI: Banking woes add to RBI worries as it moves to cut rates – The Economic Times
By Anirban Nag India’s worsening banking problems are adding a new layer of complexity to the central bank’s monetary policy as it prepares to cut interest rates
RBI rate cut: Why another rate cut may not help India – The Economic Times
By Mihir Sharma It’s almost universally expected in India that the central bank’s monetary policy committee will lower interest rates this week. Many expect it to keep
PMC Bank crisis: The collapse of PMC exposes the fault lines in the financial system–Economic Times
PMC’s results in FY19 show no issues with the bank, with net NPAs of 2.19% and capital adequacy ratio (CAR) of 12.62% — above the
PMC’s suspended MD Joy Thomas blames ‘superficial auditing’ for mess – The Economic Times
The suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, Joy Thomas, has blamed the auditors for the mess at the bank, accusing them of
Real interest rate dynamics: Who can help? | Business Standard Column
Availability and cost of funds are both key drivers of economic growth. The role of India’s financial sector in achieving the $5 trillion economy target
The way forward for public sector banks | Business Standard Column
A release from the Press Information Bureau on June 24, titled “Public Sector Banks”, had this to say on strengthening PSBs: “Over the last four
PMC crisis: Ex-MD reveals how six officials pulled off Rs 6,500 crore fraud at PMC Bank – The Economic Times
Thomas’ confession letter to RBI revealed that the bank’s exposure to bankrupt HDIL was pegged at Rs 6,500 crore, which is over 70% of the
Gross NPAs of banks may fall to 8% by March 2020: Report – The Economic Times
The Indian banking system’s stock of dud assets will further reduce to up to 8 per cent level by March 2020, but the NBFCs may
The RBI must bat for conversion of co-operative banks into more regulated entities – The Hindu BusinessLine
The RBI also needs to be more transparent about its strictures on co-operative banks Just as they were coming to terms with the bad loan
All you wanted to know about… Urban Co-operative banks – The Hindu BusinessLine
The Reserve Bank of India’s sudden direction last week capping withdrawals from Punjab and Maharashtra Co-operative (PMC) Bank has dealt a severe shock to many
View: It’s time to reform India’s cooperative banks – The Economic Times
Depositors of private sector banks, which have been as dodgy as PMCBs, were hurt when these banks faced sudden death. A rogue stock broker, with
Now Union Bank of India links interest rate for MSME loans to RBI’s repo rate, effective from October 1 – The Financial Express
Credit and Finance for MSMEs: PSU bank Union Bank of India has joined the growing list of lenders linking their new floating-rate MSME and retail loans
RBI’s June 7 circular raises NPA woes for merging public sector banks | Business Standard News
The Reserve Bank of India’s (RBI’s) June 7 circular is turning out to be a concern for state-run banks whose mergers have been announced, given the strict
PMC’s HDIL loan at Rs 6,500 crore, or 73 percent of total loan book: Ex-MD Thomas in letter to RBI – The Economic Times
The now-suspended managing director of the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC), Joy Thomas, has reportedly admitted to the RBI that the bank’s actual exposure to the bankrupt HDIL
Why be prejudiced against loan melas? – The Hindu BusinessLine
The institutional reasons for their failure no longer exist. Besides, banks are better at achieving social goals than microfinance Loans and melas are of different genres. While
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