Pre-empting this week’s interest rate hike, RBI governor, Urjit Patel, published a very interesting article in the Financial Times over the weekend which provides some insight into
Category: RBI–Banks
India may cut expenditure to stick to 3.3% fiscal deficit: Moody’s – Business Line–08.06.2018
Moody’s Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital
HR issues in banks – Business Line–08.06.2018
Poor internal management and the NPA mess Public sector banks are battling with non-performing assets (NPAs) and frauds. There’s much discussion going in public forums
RBI relaxes NPA classification norms for MSMEs under GST | Business Standard News–08.06.2018
In a major relief to MSMEs, the Reserve Bank on Wednesday eased NPA classification norms for such units facing input credit linkages and associated issues
RBI says rate hike wasn’t meant to boost rupee; analysts say it will | Business Standard News–08.06.2018
Reserve Bank of India Governor Urjit Patel signaled that Wednesday’s interest-rate hike was not aimed at defending the rupee. Analysts say that the move will still provide the much-needed
All options open: Repo rate increase signals RBI’s intent | Business Standard Editorials–08.06.2018
Taken in isolation, the unanimous decision of the Monetary Policy Committee (MPC) to increase the benchmark repo rate by 25 basis points 1 the first
Narendra Modi: RBI rate hike upsets PM Modi’s election year budget math – Times of India–08.06.2018
The Reserve Bank of India’s (RBI) first interest rate rise since Prime Minister Narendra Modi came to power could not have come at a worse time for
SBI Chairman Rajnish Kumar interview: ‘Days of over leveraging, thin equity are behind us; NPAs will also start to come down soon’ | The Indian Express–08.06.2018
With banks empowered after the Insolvency and Bankruptcy Code (IBC), there’s consciousness about “the need to pay on time” and the “days of over leveraging”
Pan Card: PAN becomes mandatory for sending money abroad for kids studies, investing: LRS rules tightened–Economic Times–07.06.2018
Earlier PAN was not insisted upon for putting current account transactions of up to USD 25,000. You won’t be able to send money abroad for
The power sector solution that is not–Economic Times–06.06.2018
Lenders have identified 11 power projects with a combined installed capacity of nearly 13,000 MW that have turned into non-performing assets for a special resolution
Bank loans worth ₹5-lakh cr turned into NPAs in FY18: Crisil – Business Line–06.06.2018
As much as ₹5-lakh crore of bank loans deteriorated into the non-performing asset (NPA) category in fiscal 2018, according to credit rating agency Crisil. But
Financial Products and Services: RBI launches Financial Literacy Week, focus on consumer protection – The Economic Times–05.06.2018
The Reserve Bank of India today launched Financial Literacy Week across the country with customer protection as its main theme. The event will focus on creating awareness among customers
RBI must increase liquidity, wait to raise repo rates – The Financial Express–05.06.2018
While rising inflation could prompt RBI to harden its stance post the monetary policy review on Wednesday, even if it doesn’t actually hike the repo,
Monetary policy can only turn hawkish – Business Line–05.06.2018
For the MPC, the good news is the buoyant fourth quarter GDP number, the bad news is the rising crude price The second bi-monthly Monetary
Economy–Repair and recover | The Indian Express–05.06.2018
GST itself has stabilised, as businesses have adjusted to the new indirect tax regime, leading, in turn, to better compliance and revenue buoyancy. Slowly and
The MPC will be walking on eggshells – Business Line–04.06.2018
The Monetary Policy Committee has to take a careful call on policy rates in a delicate situation, keeping an eye on growth The long-run impact
A senior adviser to PM Modi believes RBI needs better rupee policy | Business Standard News–01.06.2018
India’s central bank should step up its fight to curb turbulence in the rupee and ensure the currency doesn’t swing wildly, a senior adviser to
Allahabad, Dena Banks’ corporate borrowers told to find new lenders | The Indian Express–01.06.2018
RBI has banned both from issuing new loans due to bad performance. Corporate borrowers of Dena Bank and Allahabad Bank, which have been restricted from
1 year of RBI’s ‘Dirty Dozen’: How Modi’s IBC crusade on massive NPA began and created history! – The Financial Express–30.05.2018
Modi’s IBC crusade: Last June, the Reserve Bank of India (RBI) released a list of 12 companies constituting 25% of India’s total NPAs (Non-Performing Assets)under thename ‘Dirty
Sending a signal: RBI should consider raising rates, even if by 25 bps | Business Standard Editorials–30.05.2018
The Reserve Bank of India’s monetary policy committee (MPC) will meet for three days from June 4 to examine the direction of monetary policy and interest rates.
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