Page 17 - Rbi

India sells first green bonds at 5-6 basis points below sovereign yields

The proceeds would be used for 'green' projects such as solar power, wind and small hydro projects and other public sector projects that help reduce the economy's carbon footprint

Tamilnad Bank to keep focus on small biz lending, open 25 new branches

RBI in October 2022 lifted its three-year ban on lender from opening new branches

Securitisation of stressed assets: RBI floats paper on regulatory purview

Securitisation refers to a process that includes the pooling of loans and then selling them to a Special Purpose Entity which then issues securities backed by the loan pool

JPMorgan gets RBI nod for new India chief executive officer Prabdev Singh

Singh had been JPMorgan's interim CEO since November, replacing Madhav Kalyan who - in October - was named head of payments for Asia Pacific

Top Headlines: India in green bond mkt, Pichai says job cuts avoided worse

Business Standard brings you the top headlines at this hour

RBI orders SBM Bank to stop transactions under remittance scheme

The scheme allowed Indian residents to freely remit funds abroad up to $250,000 per financial year

Banks get time till Dec 31 to execute revised agreement with locker holders

The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so. In August, 2021 the Reserve Bank of India (RBI) had asked banks to enter into revised agreements with the existing locker holders by January 1, 2023 in view of various developments in the area of banking and technology, nature of consumer grievances and also the feedback received. "However, it has come to the notice of RBI that a large number of customers are yet to sign the revised agreement. "In many cases, the banks are yet to inform the customers about the need to do so before the stipulated date (January 1, 2023)," the central bank said in a statement while extending the deadline for banks to complete the process of renewal of agreements for the existing safe deposit lockers in a phased manner by December 31, 2023. Banks have been asked to notify all their customers of the revised requirements by Apr

India's central bank likely buying dollar after rupee rose above 81.125/$

India's central bank likely bought dollars via state-run banks to prevent the rupee from appreciating significantly above the 81 psychological level

War for deposits will intensify

For most banks, the liability part of the balance sheet has been on autopilot, and the strategies have evolved around credit growth and recovery of bad loans. Now the story has to change

India's foreign exchange reserves surge $10 billion to five-month high

Reserves rose on valuation impact, likely RBI dollar purchases

NRIs' deposits touch $134 billion in November 2022: RBI bulletin

Old data for October 2022 had shown that outstanding amounts in NRI deposits had broken the streak of continuous fall for the first time in the fiscal year

Current account deficit likely to narrow in 2023: RBI's January bulletin

The central bank cites IMF's calculations that have predicted India to be a $-5.4 trillion economy by 2027

RBI net bought US dollars for first time in five months in November

The RBI purchased US dollars worth $22.28 billion and sold US dollars worth $17.92 billion in November, data in the central bank's January 2023 Bulletin showed

Outward remittances under LRS scheme near $2 billion in Nov: RBI

International travel continued to over 50 per cent of the entire outward remittance by Indians under the scheme

LIVE: Anurag Thakur meets wrestlers over sexual harassment allegations

Catch all the latest news and updates from around the world here

Prioritising stability over growth

The backdrop of the Budget augurs well for the government, but a closer look calls for a cautious approach

Fixed or floating rate? Choose floating-rate car loan if you plan to prepay

With interest rates peaking, you could benefit from a decline in them

RBI bought net $4.36 billion in spot forex market in November, shows data

The RBI said it purchased $22.28 billion and sold $17.92 billion in the spot market

Japanese banks get home regulator's nod to settle all trades via CCIL

With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital requirement

Taxmen probe rich Indians for having foreign policies without approval

Foreign Exchange Management Act (Fema) is triggered when life insurance is bought from a foreign company without RBI approval