Rates on CPs, CDs surge; pressure mounts on banks to raise deposits
Although some number of complaints is expected from such a large financial system, the concerning fact is much of the complaints pertain to traditional banking
MPC may decide RBI's response to govt on the matter; Unlike earlier off-cycle meetings in which interest rate action was taken outside schedule without prior notice, this one was announced in advance
The modifications in relation to banks' non-core business could be made by amending the Banking Regulation Act
Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.
The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license
Earlier in February 2020, Democratic People's Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog
Impairment losses and bad debts declined 8 per cent YoY to Rs 546 crore but was up 21 per cent sequentially.
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals
Lack of repo suggests RBI tolerance of higher money mkt rates: Analysts
The key factors that have wreaked havoc on fixed-income and currency markets are the Russian invasion of Ukraine and the US Fed's decision to embark upon the most aggressive monetary tightening cycle
A weakening bias in the rupee continued in October with foreign portfolio investment outflows, pushing it above 82 levels
Preserving financial system stability an overriding objective for regulators says deputy governor Rajeshwar Rao
Banking system saw a net reduction of close to 290,000 cards during this period, impacted by RBI norms warranting deactivation of cards that are inactive for a year
Internationalisation of rupee reduces need for FX reserves
For tax-efficient exposure, go for target maturity funds maturing in 2026-2028
Central bank may have sold around $1 billion in Fx market on Thursday
Deposit growth not that impressive, increases by 9.62% to Rs 172.72 trn
Most applications have either been withdrawn or stand rejected
The framework will specify the role and responsibilities of the board of directors and the senior management of the entity.