Page 20 - Rbi

SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI

The RBI on Monday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'. SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these lenders in times of distress. Due to this, these banks enjoy certain advantages in the funding markets. "SBI, ICICI Bank and HDFC Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2021 list of D-SIBs," the Reserve Bank said in a statement. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. The Reserve Bank of India (RBI) had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Bas

Demonetisation had to be done through legislation: Justice Nagarathna

Justice B V Nagarathna of the Supreme Court, who gave a dissenting verdict on demonetisation on Monday, said the scrapping of the whole series of Rs 500 and Rs 1,000 currency notes had to be done through a legislation and not through a gazette notification as Parliament cannot be left aloof in a matter of such critical importance. Justice Nagarathna, who was the juniormost judge in the Constitution bench also comprising justices S A Nazeer, B R Gavai, A S Bopanna and V Ramasubramanian, said the demonetisation of an entire series of notes at the Centre's instance is a far more serious issue that has wider implications on the economy and the citizens of the country. Observing that there was no independent application of mind by the Reserve Bank of India (RBI), Justice Nagarathna said the entire exercise was carried out in 24 hours. "In my view, the power of the central government being vast has to be exercised through a plenary legislation rather than by an executive act by issuance o

To say demonetisation was upheld is misleading: Congress on SC verdict

Congress while reacting to the SC judgement on demonetisation said the court only pronounced its verdict on whether Section 26(2) of the RBI Act, 1934 was correctly applied or not

SC upholds demonetisation, says test of proportionality satisfied

Action cannot be struck down on the basis of the doctrine of proportionality, says Supreme Court

Torrent escalates Reliance Capital bid war against Hinduja to RBI

The Committee of Creditors will meet on January 3 to take a view on the new twist in the case

Indians' overseas financial assets fell $43.9 bn in July-Sep: RBI report

The reduction in non-residents' financial assets in India though was relatively lesser at $9.6 billion

India likely to ban unbacked crypto assets, stablecoins and DeFi, says RBI

Under G20 presidency, one of priorities is to develop framework for global regulation, including possibility of prohibition of unbacked crypto, stablecoins and DeFi, Reserve Bank of India has stressed

Safety to liability: What changes for bank locker customers from Jan 1

Rules for accountability and obligations enhanced after RBI mandate, say experts

RBI working on alternate arrangements for banks hit by EU oversight rule

The RBI is continuously engaged with ESMA and other regulators to arrive at a mutually acceptable arrangement, which recognizes the territorial independence of the host regulator, said central bank

Rupee likely to leave its worst behind; inflows crucial in 2023: Analysts

India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed

India's battle against inflation to continue amid global uncertainties

After remaining above the Reserve Bank's comfort level of 6 per cent for most part of this year, retail inflation is slowly easing, and efforts are likely to continue to further reduce it in the coming months amid global uncertainties. High prices of crude and edible oils, pulses and vegetables were among the main factors behind the high inflation during the year. This trend came against the backdrop of the Russia-Ukraine conflict that started in February and disrupted the global supply chain and pushed higher prices of many commodities. Since May, the Reserve Bank of India (RBI) has hiked the short-term lending rate (repo) by 2.25 percentage points, taking it to a nearly three-year high of 6.25 per cent. The Consumer Price Index (CPI) based retail inflation crossed the RBI's comfort level of 6 per cent in January itself and thereafter it remained elevated for nine months before slipping to 5.88 per cent in October. An RBI paper on 'Anatomy of Inflation's Ascent in India' said, "Th

Top headlines: PM Modi's mother passes away, bank's NPA ratio at 10-yr low

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Debt MF schemes doing well in stress tests: RBI financial stability report

The central bank says stress tests show risks faced by debt schemes is within limits

Nine NBFCs may fall below minimum capital requirement in baseline scenario

The baseline scenario is projected for one year ahead, based on assumptions of business continuing under usual conditions

India's current account deficit in July-Sept rises sharply to 4.4% of GDP

Balance of Payments position sees depletion of $30.4 billion, says central bank

Extraterritorial reach of regulators weakens domestic stability: RBI

Discussions with foreign regulators positive

Indian economy resilient in face of global headwinds, says RBI Governor

Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said on Thursday. In his foreword to the 26th Financial Stability Report (FSR), Das said the international economic order stands challenged and financial markets are in turmoil due to monetary tightening in most parts of the world. Food and energy supplies and prices are under strain, debt distress is staring at many emerging market and developing economies, and every economy is grappling with multiple challenges, he said. "Amidst such global shocks and challenges, the Indian economy presents a picture of resilience. Financial stability has been maintained. Domestic financial markets have remained stable and fully functional. The banking system is sound and well-capitalised," Das said. In spite of formidable global headwinds, he said that India's external accounts remain ...

RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance

Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators

Firms could raise funds via public issues in 2023 as cash tightens: Bankers

Corporates have traditionally preferred raising funds via private placements due to its ease, shorter execution time, and lower costs overall

Top Headlines: Banks' balance sheet grows, daily vax rates in India double

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