Page 19 - Rbi

RBI not seen taking eye off inflation as prices may stay sticky in 2023

'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay

Rupee gains nearly 100 paise in two days to below 82 against dollar

Overseas flows, lack of RBI dollar buys behind best rupee showing in 2 months

Govt extends RBI deputy governor Michael Patra's tenure by one year

Prior to being elevated to the position of deputy governor, Patra was an executive director with the RBI

Bank of Baroda increases MCLR from 8.3% to 8.5% effective January 12

Marginal cost of funds-based lending rate (MCLR) is the minimum interest rate below which a bank cannot lend, except in certain cases

Govt extends RBI Deputy Governor Michael Patra's tenure by one year

The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. Patra's three-year tenure was coming to an end on January 14. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved Patra's re-appointment as the RBI's deputy governor for a further period of one year with effect from January 15, sources said. Patra looks after the monetary policy department as the deputy governor of the central bank and also as a member of the rate-setting Monetary Policy Committee. The six-member Monetary Policy Committee is headed by RBI Governor Shaktikanta Das. Besides the governor, the RBI has four deputy governors. The three other deputy governors of the bank are M K Jain, M Rajeshwar Rao and T Rabi Sankar.

Three-four countries keen on UPI, says NPCI MD & CEO Dilip Asbe

UPI, Singapore's PayNow integration to go live soon

RBI lists 6 rating agencies for banks' capital adequacy purposes

Central bank's names come after Sebi last year cancelled the licence of Brickworks Ratings for allegedly violating rules

Bank customers scramble to renew agreement as new locker rules kick in

People have also complained about the divergence in the value of the stamp paper required for agreement renewal

Paytm Payments Bank appoints Surinder Chawla as MD, CEO post RBI nod

Paytm Payments Bank has received banking regulator RBI's nod to appoint Surinder Chawla as its Managing Director and CEO, the company said in a statement on Sunday. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. "Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the Reserve Bank of India for a period of three years," the statement said. Before joining PPBL, Chawla was working with RBL Bank, where he served as Head - Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels. "I am pleased to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India," PPBL Chairman Vijay Shekhar Sharma said.

RBI optimistic about growth, says fundamentals of Indian economy sound

The fundamentals of the Indian economy, according to the RBI, are sound and resilient and it is confronting strong global headwinds

Price stability top priority for South Asia: RBI governor Shaktikanta Das

'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das

RBI details maiden sovereign green bond sales worth Rs 16,000 cr

Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9

Rupee, worst emerging Asia currency of 2022, likely to fall further

RBI may mop up any inflows to boost its foreign-exchange reserves, a move that may also work against the rupee

Govt, RBI discussing rupee trade with S Asian nations: Shaktikanta Das

The Governor outlined six policy priorities before the South Asian region to deal with critical challenges arising due to Covid, inflation, financial market tightening and the Russia-Ukraine war

RBI lifts ban on M&M Finance for outsourcing recovery, repossession agents

On September 22, the regulator barred Mahindra Finance from carrying out any recovery or repossession activity through outsourced agents

Odisha-based Annapurna Finance applies for universal bank license

Established in 2009, the MFI has been promoted by People's Forum, a society registered in Odisha, which comes under the RBI's NBFC-MFI category

RBI lifts curbs on loan recovery via third parties: M&M Financial Services

MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December

Issues related to cards, net banking top complaint areas at OBO: RBI report

Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during April 1 to November 11, 2021, an RBI report said on Wednesday. The volume of complaints received under the Ombudsman Schemes/Consumer Education and Protection Cells during 2021-22 increased by 9.39 per cent over the previous year and stood at 4,18,184, it said. Of these, 3,04,496 complaints were handled by the 22 Offices of RBI Ombudsman (ORBIOs), including the complaints received under the three erstwhile Ombudsman Schemes till November 11, 2021. Complaints related to ATM/ debit cards were the highest at 14.65 per cent of the total, followed by mobile/ electronic banking at 13.64 per cent. Around 90 per cent of the total complaints were received through digital modes, including on the online Complaint Management System (CMS) portal, email, and Centralised Public Grievance Redress and Monitoring System (CPGRAMS). Majority 66.11

Rupee's threat to slip below 83 per US dollar likely nipped by RBI

The local currency on the interbank order matching system fell to 82.9950, prompting state-run banks to sell dollars, likely on behalf of the RBI

A veteran's veteran

Former RBI official P P Ramachandran's third book is a labour of love comprising little tributes to the people with whom, or under whom, he had worked