December 21, 2018 03:28 IST
Corporation Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra likely to come out of PCA.
Fri, Dec 21, 2018December 14, 2018 17:04 IST
The meeting also reviewed the current economic situation, matters relating to liquidity and credit delivery, and issues related to currency management and financial literacy.
Sat, Dec 15, 2018December 14, 2018 02:37 IST
The household sector has accounted for 60 per cent of deposits with the Indian banking system in recent years.
Fri, Dec 14, 2018December 13, 2018 05:57 IST
On maintaining the RBI’s autonomy, Das said, “I will ensure that it is intact. The RBI is a great institution... has a long and rich legacy.” He was speaking to reporters after taking over as the 25th Governor.
Thu, Dec 13, 2018December 11, 2018 05:07 IST
Citing “personal reasons”, Urjit Patel quit weeks after a fractious faceoff with the government.
Tue, Dec 11, 2018December 11, 2018 04:25 IST
With general elections looming large, the government which wanted more credit for small units, liquidity in the system and more cash from the RBI to boost the economy prodded a reluctant RBI into taking some crucial measures.
Tue, Dec 11, 2018December 06, 2018 04:00 IST
The central bank, while unveiling the bi-monthly monetary policy, cut its inflation projection to 2.7-3.2 per cent by March 2018 from its earlier view of 3.9-4.5 per cent.
Thu, Dec 06, 2018December 04, 2018 04:15 IST
ITI Reinsurance deal value was equal to the net asset value plus a premium of Rs 13.1 crore.
Tue, Dec 04, 2018December 03, 2018 01:29 IST
A one percentage cut in CRR from the current level of four per cent will release around `1,20,000 crore into the banking system.
Mon, Dec 03, 2018December 03, 2018 00:59 IST
The new IL&FS board under the chairmanship of Uday Kotak has been actively working out solutions to reduce its debt obligations amounting to over Rs 94,000 crore.
Mon, Dec 03, 2018December 01, 2018 05:11 IST
Credit soars to `562,600 cr as of Oct 2018 from `361,500 cr in Oct 2017
Sat, Dec 01, 2018November 26, 2018 04:10 IST
The Confederation of ATM Industry has said the regulatory changes will make it impossible for ATM service providers to meet the cost of compliance. The ATM industry thinks there is no option but for banks to step in to bear the load.
Mon, Nov 26, 2018November 23, 2018 05:33 IST
The Department of Investment and Public Asset Management (DIPAM) has invited expression of interest (EoI) from merchant bankers and brokers for managing the offer for sale (OFS) of GIC and New India Assurance.
Fri, Nov 23, 2018November 21, 2018 05:50 IST
The considered view is that the gains recorded because of revaluation or owing to changes in the price of securities are notional and it would be prudent not to transfer funds from this reserve.
Wed, Nov 21, 2018November 20, 2018 04:38 IST
At the nine-hour board meeting, one of the longest in recent years, the RBI agreed to work out a loan restructuring scheme for SMEs for a loan exposure of up to Rs 25 crore in line with the advice of the board.
Tue, Nov 20, 2018November 19, 2018 05:06 IST
The government is looking for a consultative process in decision-making to align the overall economic policy framework, given its differences with the central bank over many issues, sources said.
Mon, Nov 19, 2018November 15, 2018 01:40 IST
The RBI survey reveals that 58.7 per cent of total remittances of $69 billion in 2017 was received by four states — Kerala, Maharashtra, Karnataka and Tamil Nadu.
Thu, Nov 15, 2018November 12, 2018 02:23 IST
Retail investors pumped over Rs 15,700 crore into SIPs of mutual funds in the last two months even as the markets showed huge swings, according to data from the Association of Mutual Funds in India (Amfi).
Mon, Nov 12, 2018November 05, 2018 01:39 IST
In an interview to Indian Express, Nimesh Shah, who manages assets worth over Rs 3,10,000 crore spoke about a host of issues relating to mutual funds, markets and the economy.
Mon, Nov 05, 2018November 02, 2018 03:03 IST
On October 1, 2018, the government had moved the NCLT to supersede the board of IL&FS, which had defaulted on payments of over Rs 3,000 crore over a two-month time period.
Fri, Nov 02, 2018November 02, 2018 00:44 IST
Liquidity squeeze facing non-banking financial companies is at the root of the ongoing conflict between govt and RBI. What triggered the crunch, where do RBI and govt differ on bailout, and what lies ahead?
Fri, Nov 02, 2018November 01, 2018 05:51 IST
Once such a special window is opened, the RBI will have to provide liquidity to all companies approaching the central bank for funds.
Thu, Nov 01, 2018November 01, 2018 02:32 IST
The board has found several other discrepancies in the business transactions of IL&FS group and its subsidiaries and is in the process of taking corrective action.
Thu, Nov 01, 2018October 27, 2018 05:25 IST
RBI Deputy Governor Viral Acharya said the market can discipline the government not to erode central bank independence, and it can also make the government pay for its transgressions.
Mon, Oct 29, 2018October 26, 2018 00:25 IST
Essar promoters offer `12,000 cr more than the bid submitted by ArcelorMittal; source of funds not revealed.
Fri, Oct 26, 2018