By Craig Torres and Rich Miller Federal Reserve nominee Stephen Moore called the Fed’s December interest-rate hike “a very substantial mistake” while adding that he looks forward
Category: RBI–Banks
Karnataka Bank reports Rs 13 cr fraud–diversion of funds– to RBI – The Economic Times
The bank extended the working capital facility under multiple banking arrangement. Karnataka BankNSE -1.98 % on Saturday said it has reported to regulator RBI about a fraud amounting to Rs
Accounting rules: India postpones accounting rules, sparing banks bad-loan piles–Economic Times
by Rahul Satija India delayed the introduction of tough new accounting rules for the second year running, in a move that will spare the country’s
“Govt should not treat RBI at par with other departments under its control” – The Hindu BusinessLine
At a time when the Reserve Bank of India (RBI) is in loggerheads with the Centre over issues ranging from interest rate cuts to autonomy
Cheaper loans? RBI may effect 25 basis point cuts in April, June/August – The Financial Express
By Indranil Sen Gupta & Aastha Gudwani The standing call for a RBI OMO calendar for June stands. However, the money market will still be in slight deficit/neutral
RBI defers launch of IndAs again, awaits amendments to the banking laws | Business Standard News
The Reserve Bank of India (RBI) has postponed roll out of the new accounting standards (IndAS) for the second time. It is awaiting amendments to the banking laws before
HDFC Bank warns about this fraud; Know how to keep your money safe – The Financial Express
Online frauds such as cyber threat, internet crime and hacks have also increased, with the increased adaption of technology. Leading banks like the State Bank
RBI’s bond buys in current fiscal year can be inflationary, say economists | Business Standard News
The Reserve Bank of India (RBI) now holds bonds worth Rs 9.08 trillion, much higher than its pre-demonetisation level of Rs 7.5 trillion, thanks to record open market
Bank employees oppose lenders’ plan to take control of ailing Jet Airways | Business Standard News
Bank employees on Thursday opposed the move by a consortium of lenders, led by State Bank of India (SBI), to take control of cash-strapped Jet Airways and infuse additional Rs
A swap in time –RBI Move| Business Standard Editorials
The Reserve Bank of India’s (RBI’s) move to provide a swap facility of $5 billion to banks will provide liquidity to them without causing any
RBI: Reserve Bank of India raises concern over role of ‘rating advisers’–Economic Times
Reserve Bank of India (RBI) has pinpointed the conflict of interest in the functioning of credit rating agencies and is concerned over the role of the
What will the rupee do now – Mecklai–The Financial Express
What will the rupee do now Now that the rupee has broken smartly above 69 to the $, the level at which Raghuram Rajan came in as
Robust expenditure planning important to tackle socio-economic challenges: RBI Governor Shaktikanta Das – The Financial Express
Reserve Bank governor Shaktikanta Das Tuesday underlined the need for sticking to the fiscal roadmap by adopting a commonly agreed expenditure code-based spending plan to
Deals to rules | The Indian Express
China can teach us a lot about labour markets but not about banking. Their share of bank lending to the private sector has shrunk by
RBI’s $5 billion swap may be good move; but how will Shaktikanta Das convince US Fed? – The Financial Express
The RBI will buy billion from banks for its reserves by giving them rupees, and reverse the trade in 2022. Several theories explain why India’s
RBI mustn’t dither… – The Hindu BusinessLine
It looks like banks in India can never be out of the news for an extended period of time. The latest news doing the rounds
$5 bn swap smartest move of RBI gov | Business Standard Column
India’s banking regulator’s decision to hold a $5 billion three-year US$/Indian rupee buy/sell swap auction (on March 26) is driving forward premia down, paring the hedging
Reserve Bank of India backs finance ministry on debt recast plan – The Economic Times
The RBI told the Supreme Court that the inter-creditor agreement (ICA) aimed at helping debt defaulters avoid bankruptcy proceedings requires the approval of 66% of
Shaktikanta Das: No dilution on Feb 12 circular over stressed assets: RBI – The Economic Times
The Reserve Bank of India Saturday maintained that there is no dilution in its stand with regard to February 12 circular on stressed assets recognition and resolution.
‘India’s bond market faces worst crisis since Lehman bankruptcy’ – The Hindu BusinessLine
Shashikant Rathi, who has dominated India’s local bond underwriting business for over a decade at Axis Bank, says the industry now faces its biggest challenge
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