Page 59 - Rbi

Where does IBC stand five years after RBI's 'dirty dozen' announcement?

The Insolvency and Bankruptcy Code, 2016 was introduced to tackle bad loan problems. But it has been plagued with high haircuts for banks and delays. What can be done to achieve a quicker resolution?

Rupee is expected to trade sideways in the near term, says BS poll

At record low, rupee better off than peers; RBI may provide support to prevent sharp depreciation, says BS poll

RBI's regulation review authority moots periodic review of existing rules

Also suggests that regulatory instructions should contain a statement of objective underlying the rationale for their issuance, supplemented with FAQs/guidance notes and illustrations

Failed auto-debit requests ease to a 38-month low in May, shows NACH data

'Improving bounce-rate trajectory suggests slippages, credit cost will descend in FY23'

'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'

Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.

HSBC sees slower rate hikes by RBI towards year-end on growth worries

HSBC is expecting the RBI to take repo rate to 6% by the middle of the next year, from 4.9% now

How credit card route to UPI may come at a price for merchants

Smaller merchants can be subsidised to make it work

What are the key global events markets will track this week?

Equity markets snapped their three-week winning streak last week after RBI hiked repo rate to bring down inflation. Delve into the key global events that investors will track this week

IDBI Bank sale: RBI may not relax stake-dilution timeline for new buyer

Govt intermediaries sought exemptions in IDBI bank sale under RBI rules, which require promoters' shareholding to be reduced by 26% post acquisition

Dhanlaxmi sees a subdued EGM; financial concerns, rights issue discussed

The EGM was called by a group of minority shareholders unhappy with the workings of the bank and its financials

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

PMC Bank case fallout: RBI asks UCBs to make higher provisions

The Reserve Bank on Friday issued fresh provisioning norms for urban cooperative banks' inter-bank exposure as well as valuation of their perpetual non-cumulative preference shares and equity warrants, directing them to continue making provisions to the tune of 20 per cent for such exposures. The banking regulator came up with these rules in the wake of the bankruptcy of the corruption-ridden Punjab & Maharashtra Cooperative Bank (PMC) in September 2019 and the subsequent merger of the cooperative bank with Unity Small Finance Bank, which came into effect from January 25, 2022. Earlier, similar directions were issued after the board of the largest cooperative bank was superseded by the RBI and the subsequent circulars on these matters issued on April 20, 2020 and on January 25, 2022. "UCBs shall continue to make provisions on inter-bank exposures arising from outstanding uninsured deposits, as under the April 20, 2020 circular until the actual allotment of PNCPS (Perpetual ...

Focus on sustainable business model, governance: RBI tells SFBs in meeting

SFBs were advised to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.

Govt bond for Rs 33,000 crore sails through as RBI accepts bids

Signals central bank's comfort with yields

RBI prioritising inflation over growth to maintain price levels: Official

The Reserve Bank of India is prioritising inflation over growth, which is manifested by the recent hikes in repo rate, an official of the central bank said on Friday. Speaking at an interactive session organised by the Merchants' Chamber of Commerce and Industry here, he also said financial markets across asset classes and geographies witnessed unprecedented volatility during the past two years due to the COVID-19 pandemic. "Central banks across the globe will raise interest rates in future owing to much higher than expected inflation. This is a major risk, said Radha Shyam Ratho, Executive Director, RBI. He said the RBI is giving priority to inflation over growth so that the level of price rise remains within targets without affecting growth. The apex bank had recently raised the interest rate by 50 basis points to a two-year high of 4.9 per cent. The rate hike came on the back of a 40 basis-point increase effected at an unscheduled meeting on May 4. Ratho said the bond market h

Bank stocks lag on concerns over treasury loss and slower growth

Higher interest rate, though, should help improve short-term margins and spread

Where are the bond markets headed as RBI mulls rate hikes?

The RBI is preparing the markets for aggressive rate hikes in months ahead. Find out where the bonds and equity markets are headed. And, a look at investment strategies for the next 3-6 months

Payments Infrastructure Development Fund corpus touches Rs 811 crore

The contribution to the PIDF is made by the RBI, authorised card networks and card issuing banks. the RBI had made an initial contribution of Rs 250 crores to the PIDF

Oil shock: What the RBI can do

The absolute oil price rises at a very high rate and the absolute prices of other goods and services rise somewhat at their usual rates

HDFC raises Retail Prime Lending Rate on housing loans by 50 bps

Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount