Category: RBI&#8211;Banks

The government expects the financial performance of banks to improve as their bad loans come down. The government will start surveying public sector banks annually to rank

How RBI’s Feb 12 circular changed the way banks dealt with stressed assets – The Economic Times

The year 2018 was unusual in the central bank’s 85-year history. It saw government versus central bank bouts. Come Tuesday, the Reserve Bank of India’s

For lower EMIs, RBI needs to ensure banks follow its regulation–Times of India

Reserve Bank of India’s monetary policy committee on Thursday lowered its interest rate by 0.25%, triggering hope that it may lead to a reduction in

Unauthorized withdrawals –Can the Banks escape liability on the ground– SMS alert was sent and was not responded ? –Anil Tikotekar

All of us are now aware that banks have a system of sending SMS for the transactions that take place in our account. Almost all

Banks liable for unauthorised withdrawals from customer accounts: Kerala High Court – The Hindu BusinessLine

The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account of unauthorised withdrawals made

Banks being penalized by RBI for lapses in monitoring of end use of funds–Anil Tikotekar

I was happily surprised to know today that RBI has imposed penalty on bank for not monitoring end use of funds. I refer to the

Shaktikanta Das stands firm on bad loans circular – The Economic Times

Reserve Bank of India governor Shaktikanta Das said there would be no changes to last year’s RBI circular that tightened bad loan recognition rules, frustrating companies and

In defence of RBI’s February 12 circular–Economic Times

It is welcome that the RBI governor, Shaktikanta Das, has chosen to stand by the controversial February 12 circular of the banking regulator, which elicited

It is up to agencies to probe Chanda Kochhar: RBI governor – The Economic Times

Highlights RBI governor Shaktikanta Das’s maiden monetary policy resulted in a change in the central bank’s stance and also delivered a rate cut. Additionally, he

allahabad bank: RBI slaps Rs 3.5-cr fine on Corp Bank, Allahabad Bank for flouting norms – The Economic Times

The Reserve Bank has imposed a cumulative penalty of Rs 3.5 crore on state-owned lenders Corporation Bank and Allahabad BankNSE -3.64 % for violation of various norms. “This is

PSB NPAs drop Rs 31,000-cr to Rs 8,65,433 cr in Apr-Dec FY19, says govt | Business Standard News

Bad loans of public sector banks declined by more than Rs 31,000 crore to Rs 8,64,433 crore in the first nine months of the current

High credit-deposit ratio restricts banks’ ability to cut interest rates | Business Standard News

In a sign that borrowers might have to wait longer to enjoy the full benefit of 25 basis points cut by the Reserve Bank of India (RBI),

Keep RBI’s balance sheet strong: YV Reddy – The Hindu BusinessLine

There is merit in keeping at least the RBI’s balance sheet strong if the government’s fiscal balance sheet is weak, according to YV Reddy, former

रिझर्व बँक –नेणता ‘दास’ मी तुझा | लोकसत्ता अग्रलेख

रिझव्‍‌र्ह बँकेच्या गव्हर्नरपदी नेमणूक झाल्यानंतर शक्तिकांत दास यांचे पहिलेच पतधोरण गुरुवारी जाहीर झाले. म्हणून त्याकडे अनेकांचे लक्ष होते. याआधीचे गव्हर्नर डॉ. ऊर्जित पटेल यांचे आणि

RBI rules out changes in one-day NPA recognition norms – The Economic Times

Despite incessant demand from a section in the finance ministry, corporates, as well as banks for some leniency in the February 12, 2018 circular that

Shaktikanta Das | RBI Policy: Das says RBI won’t prejudge the liquidity situation: Policy Highlights–Economic Times

According to RBI, global financial markets began the year on a calmer note after a turbulent December. The six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta

RBI proposes umbrella body for Urban Cooperative Banks: Depositors can hope for better days |Economic Times

The UO can also offer fund management and other consultancy services. RBI has proposed to set up an umbrella organisation for urban cooperative banks (UCBs) to make them

Monetary Policy–Cautious welcome for repo rate cut–Economic Times