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Reserve Bank set to create a specialised supervisory cadre
The decision, which was taken at the meeting of the Central Board of the RBi in Chennai on Tuesday, follows a series of events including the IL&FS defaults, ICICI Bank loan issue, Punjab National Bank fraud and the liquidity issues in the NBFC sector in the last two years.
RBI to create specialised cadre for regulation of banks, NBFCs
This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis.
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Ripples of a crisis
The RBI needs to urgently address the liquidity issues plaguing the NBFC sector
Bank credit to infrastructure expands by 18.5%, highest since March 2013
The credit growth for infrastructure segment in FY19 is the highest in at least seven years both in absolute and in per cent terms. It grew by 16.5 per cent in March 2013.
Appoint chief risk officers: RBI to NBFCs with over `5K-crore asset size
Meanwhile, the RBI is also considering new limits on the liquidity mismatches that NBFCs operate with as part of its plan to nudge them towards more stable sources of funding, banking sources said. NBFCs’ asset-liability mismatch norms are likely to be aligned with those of banks.
Explained: How NEFT works, why RBI has suggested 24×7 money transfer
If RBI makes NEFT 24x7, it will not only ease the fund transfer for customers round the clock but will also take some load-off the bank branches for executing such transactions.
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Bank deposits growing, not slowing: RBI report
According to the RBI report, empirical evidence puts forward several interesting facts about the behaviour of bank deposits.
RBI, FinComm explore formation of State Finance Commissions
Key issues raised by Reserve Bank Governor Shaktikanta Das and Singh were discussed in detail at a meeting between the finance panel members and the RBI officials.
Increasing forex reserve to help improve import cover
According to the RBI data while the forex reserves stood at $399.1 billion for the week ended February 22, it has risen sharply by over $19 billion over the last two months.
After 20 months, just 3 assets of RBI’s IBC list close to resolution
A bulk of the assets — 15 in all — have been admitted and are in various stages of the insolvency process.
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Farmers' plight should "shake the conscience" of the banking sector : PM Narendra Modi
PM Narendra Modi complimented RBI Governor Raghuram Rajan for his grasp and clarity on economic issues.
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Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?
Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.
RBI Removes Withdrawal Limits On ATMs For Current Accounts
The Reserve Bank of India on Monday announced that limits placed on cash withdrawals from ATMs stand withdrawn from Feb 1. However, the weekly withdrawal limit of Rs 24,000 will continue. The central bank also said that all limits on current account and overdraft accounts stand withdrawn with immediate effect. The RBI, however, allowed the banks […]
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RBI Buckles Under Pressure, Withdraws Rs 5,000 Deposit Limit
In a sharp u-turn by the Reserve Bank of India, the restrictions imposed on bank deposits exceeding Rs 5,000 in old notes have now been withdrawn by the central bank. In a circular issued to banks, the RBI said it was revoking the restrictions after reviewing the case. Facing severe criticism over the decision, the […]
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