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Kotak Bank’s hearing on promoter shareholding delayed
However, it is likely that the case will be mentioned by the bank before that date and will come up for hearing earlier.
UPI 2.0 may disrupt PoS biz
PoS devices are used by local vendors and retail store operators to process payments through debit and credit cards with swipe and QR code facilities.
Market Movers: What changed for D-Street while you were sleeping
Foreign portfolio investors (FPIs) bought Rs 73.08 crore worth of domestic stocks on Monday.
Buy DCB Bank, target Rs 220: Manas Jaiswal
Buy DCB Bank Ltd. at a price target of Rs 220.0 and a stoploss at Rs 199 from entry point.
How RBI dollar auction is helping NBFCs
Dollar-swap auctions is used by the Reserve Bank of India as a tool to inject rupee liquidity.
Dollar swap auction round-2 likely to be less aggressive
RBI received bids for $16.3 billion versus $5 billion in the last round.
BofAML says RBI has $43 billion in excess reserves
BofAML’s note comes as the panel led by former RBI Governor Bimal Jalan prepares to submit its report in the coming weeks.
RBI consultation to change 25 bps cut norm soon
It is learnt that finance ministry also favours this idea though the government would leave it to the RBI to do the due diligence and take a call.
Bimal Jalan panel may peg RBI's excess capital at Rs 1-3 lakh crore
Transfer of excess RBI capital to the government will not impact liquidity if it is used for bank recapitalisatiin, the firm said in a report.
Jet Airways suitors find no slot to invest in
Potential investors having second thoughts after govt’s decision to allocate flight slots to rivals.
What RBI needs to do to save senior citizens from cyber crimes
RBI needs to force banks to take some serious action to stop the widespread frauds being perpetrated on senior citizens.
Stocks in the news: Essel Propack, PCJ, Reliance Capital, ACC, SpiceJet and Wipro
TGBL), ACC, ICICI Securities and Indiabulls Real Estate will report earnings today.
Regulatory sandbox will help fintech disrupt without fears
RBI's sandbox initiative will help fintech startups test their products within the compliance framework.
How to reduce home loan EMI even if banks don't cut rates
Despite consecutive rate cuts by the RBI, banks have not brought down their lending rates. However, there are steps you can take to bring down your borrowing costs.
RBI inflation goals need to be reviewed: PM's adviser
The RBI made a surprise U-turn on monetary policy this year under new Governor Shaktikanta Das after food prices fell.
Fintech startups can test regulatory sandbox: RBI draft
The draft in detail proposes application criteria and design framework for fintech startups wishing to participate in the RS.
View: The next government needs to ax the public sector banks
If the economy is to start growing again, the govt may have to take an ax to state banks, not a scalpel.
MPC members divided over interest rate cuts, RBI minutes show
On April 4, the RBI had reduced the repo rate by 25 basis points to 6 per cent.
RBI Governor Shaktikanta Das, Deputy Viral Acharya split vote on interest rates
Das felt the need to step up economic growth, Acharya feels it is already accelerating.
RBI’s 3-year bonds see poor demand as market seeks higher yields
Development hints at a tight liquidity situation; the bond market too is showing signs of fatigue.
RBI says it will issue Rs 50 banknotes signed by Governor Shaktikanta Das
The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi new series, the RBI said.
Banks must reflect IL&FS NPAs, RBI tells NCLAT
The IL&FS group has a total debt of Rs 94,216 crore. The appellate tribunal bench said it would pass its order on RBI’s plea on April 29.
RBI hints at communication as a policy tool: SBI report
China has been experimenting with rate cuts that are not multiples of 25 basis points.
Changed insolvency norms by April next to speed up process
The IBBI on Saturday invited comments from stakeholders and the public on making changes to the current regulations notified under the IBC, 2016.
Regulatory sandbox should cover big companies, too: Fintech firms
RS is a controlled environment for commercial testing of new technology with limited regulations and customer exposure.
Don’t want to pay extra fee? Then don’t book online!
Customers are being charged for the fee that merchants need to pay to banks while cinemas and online ticket booking portals remain mum. Here's what customers should do.
RBI employees aren't government servants: Madras High Court
The court said that the fact that central govt has persuasive control over RBI would not make its employees central govt employees.
RBI's revised debt resolution rules likely post-election
SC had struck down RBI's Feb 2018 circular that asked banks to start insolvency even if there was a day's delay
Banking system faces Rs 70,000 crore liquidity deficit
The deficit is at Rs 70,266 crore on April 16 compared to Rs 31,396 crore on April 3.
Lenders invoke IBC norms to keep stressed assets in NCLT
Sources said promoters of some stressed power entities referred to NCLT have approached the bankruptcy court to quash insolvency proceedings.
RBI may cut interest rates for third straight time: BofA-ML
We expect the MPC to cut rates by 0.25% to 5.75% on June 7, Bank of America Merrill Lynch said in a note.
Next large midcap run may come in 2020-21, for now stick to largecaps: Amit Jeswani, Stallion Asset
This year it is better to stay with the quality 25-40 stocks in the market, says Amit Jeswani.
March inflation picks up but RBI June rate cut still on the table
A Reuters poll had predicted March retail inflation of 2.80 per cent.
RBI's February dollar buys highest in 11 months
The RBI bought $2,086 million and sold $1,261 million from the spot market in February.
RBI Governor says India's economy needs to grow even faster
The RBI governor said India's expansion needs to pick up to around 8% to deal with poverty and other challenges.
Impact of RBI rate cuts to remain muted
RBI has reduced the repo rate by a total of 50 bps in 2019 to push economic growth.
Want efficient banks? Go for more mergers, says RBI research
RBI researchers said further mergers will help lenders lower costs and efficiently scale their operations.
India must complete its reform process in next five years: Arvind Panagariya
"My personal view is that India must complete its reform process in the coming five years," said Arvind Panagariya.
RBI net buyer of dollars for 3rd month in a row, snaps up $825 million
In January 2019, the RBI had net purchased $293 million.
RBI injected Rs 2.98 lakh crore liquidity in 2018-19
RBI also conducted long-term foreign exchange buy/sell swaps of US$ 5 billion for 3 years on March 26, 2019.
Reinsurance brokers permitted to open foreign currency accounts: RBI
Following the Irdai's notification, the extant regulations regarding opening of foreign currency accounts were reviewed.
RBI rate cut to benefit securitised home-loan books: Moody's
The recent RBI cuts will help counterbalance the higher costs and help prevent further mortgage rate rises, Moody's said.
Banks want 90% lenders’ nod for resolution
The recommendation of the IBA to RBI about the lenders’ consent clause has dismayed industry.
Mock security drill at RBI headquarters in Mumbai sends onlookers in a tizzy
Onlookers said choppers were hovering around the area for some time before one of them landed on top of the building.
India to be fastest-growing economy this year despite risks of global slowdown: RBI Governor
"Real GDP growth is expected to clock 7.2 per cent during 2019-20, the fastest among large economies of the world," Das said.
How is Google Pay live without nod, HC asks RBI
The court notice comes at a time of heightened scrutiny for digital payment companies that have been asked to adhere to stringent regulations laid down by the central bank.
Who says rate moves need to be 25bps? Not RBI Guv Shaktikanta Das
Central banks need to be more flexible on the size of their interest-rate moves, says Das.
Delhi HC asks RBI to explain how Google's G Pay is operating
The division bench comprising of Delhi Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani was hearing the petition filed by Abhijit Mishra.
How is Google's GPay operating without authorisation: Delhi HC asks RBI
The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra.
Central Bank maintenance levy fuels customer fury
The move, aimed to boost its fee income, has triggered customer resentment.
RBI gives 12 years to LIC for reducing stake in IDBI Bank
The development means that LIC would be under no obligation to sell its stake in next few years or so.
One more headache for RBI: Oil all set to upset its inflation math
With oil at 5-mth high, investors are less confident about RBI’s pace of monetary easing.
Liquidity crunch was a blessing!
The liquidity problem had its genesis in the phenomenon of bank deposits growing at a slower rate than bank credit.
India banks' loans jump 13.2 pct y/y in two weeks to March 29: RBI
Outstanding loans rose 2.14 trillion rupees ($30.96 billion) to 97.67 trillion rupees in the two weeks ended March 29.
Long duration, gilt schemes topping debt mutual fund charts. Should you invest?
Long duration funds and gilt funds have made a comeback in the last six months.
WhatsApp's new status: Will follow RBI norms on data
Facebook-owned messaging platform working on a plan to store payments data of Indian users on servers within the country.
WhatsApp's new status: Will follow RBI norms on data
Facebook-owned messaging platform working on a plan to store payments data of Indian users on servers within the country.
Kotak Mahindra Bank moves NCLT against BILT unit
BILT Graphic was on the so-called second list of 29 defaulting companies of RBI.
Don’t be rigid on quantum of rate cuts: Das
Of the 14 rate changes the central bank has announced since 2014, 13 were of 25 basis points.
Will LVB-IBHF marriage pass RBI test? Analysts have doubts
RBI looks at each deal very closely, said Jagannadham Thunuguntla, Centrum Broking.
A new forex record coming? Thank RBI's brand new dollar swap
With robust foreign inflows expected into local assets, chances are high the RBI may conduct a few more.
RBI’s still the headmaster of the class of defaulters
Das was quite clear on where he stands on the banking clean up or the defaulters.
RBI proposes new rules for mortgage securitisation
The central bank would explore measures such as loan contract standards.
RBI to nudge banks to pass on rate cut to borrowers
No bank had lowered marginal cost-based lending rate (MCLR) after the previous repo rate cut in February before RBI brass persuaded banks to do so.
RBI to nudge banks to pass on rate cut to borrowers
Many experts have raised doubts over the effectiveness of repo rate as a monetary policy tool.
RBI yet to approve Lakshmi Vilas Bank-IHFL merger
The RBI statement further noted that it would examine the proposals as per extant regulatory guidelines and directions and when it receives them from the entities concerned.
With R1 licence, Indiabulls takes 1st step towards general insurance
The basic criteria and promoter due diligence is approved in R1.
Will RBI reduce pace of liquidity injection now?
The banking system deficit has shrunk to Rs 31,000 crore from Rs 1.11 lakh crore in mid-March last year.
RBI to ensure strict turnaround time for customer plaints
The central bank will also come out with a compensation framework across authorised payment systems by June 2019.
RBI eases bond holding norms in liquidity boost
The move is expected to free up resources for banks to meet the rising loan demand.
RBI's repo rate cut to boost home sales
RBI's monetary policy committee (MPC), led by Governor Shaktikanta Das, on Thursday announced a 25 basis points.
RBI to contest RTI queries on bank audits
In a change of tack, the RBI has also decided to share information only with the RTI petitioner and not put the disclosures in public domain.
RBI denies any approval on LVB-IBH merger for now
It is clarified that the merger announcement does not have any approval of the RBI at this stage, the apex bank said in a late evening statement.
RBI may need to rethink age limit for bank CEOs
70-year cap means that two top performers are set to hang up their boots next year.
RBI may need to rethink age limit for bank CEOs
IndusInd Bank and HDFC have their current chiefs reaching the RBI age cap over the next year and half.
What SC verdict means for banks, companies and RBI
No impact related to accounts mentioned in the first and second RBI lists.
RBI should introspect if it was responsible for slowdown of India's economic growth: Piyush Goyal
Piyush Goyal’s comments were apparently targeted at former central bank governor Urjit Patel.
Goldman sees RBI pause on rate in rest of 2019, two hikes in 2020
In a 4:2 majority vote, the central bank cut the repo rate to 6% from 6.25%
Bank insider helped DMK man change Rs 11.5 cr into Rs 200 notes
The money was seized from the place of a DMK functionary called Poonjolai Srinivasan.
RBI cuts repo rate, says there’s room for more
The output gap remains negative and the domestic economy is facing headwinds.
RBI cuts repo rate, says there’s room for more
The output gap remains negative and the domestic economy is facing headwinds.
Supreme Court quashes RBI circular on debt resolution
The circular asked banks to either resolve or file for insolvency taking away their discretion to not to act on bad loans.
SC quashes RBI rules for cos defaulting on loans
Supreme Court says RBI's February 12 circular on defaulting companies is illegal.The Supreme Court has struck down a controversial RBI circular that mandated banks to immediately resolve all bad loans above Rs 2000 crore or file for insolvency resolution under the IBC. The circular asked banks to either resolve or file for insolvency taking away their discretion to not to act on bad loans.SC quashes RBI rules for cos defaulting on loans
Bad loan battle: RBI to issue new directive after SC ruling
“We remain committed not only to maintain but also to speed up the resolution of stressed assets in the banking sector,” Das said in the first official comment by the central bank after the SC verdict.
LVB has several plans but focus is on green signal from RBI: Parthasarathi Mukherjee
“If we had doubts, we would probably not have proceeded to the extent that we had.”
RBI makes NPA divergence rule easier for banks
The central bank has on Monday appears to have diluted the rule a bit without compromising the intent.banking
Despite second RBI action, bankers non-committal to cut rates
For the second consecutive time, the monetary policy committee voted to cut the benchmark rates by 25 bps to 6 percent Thursday.
Rupee slumps 76 paise to 69.17 post RBI policy
The rupee had surged by 33 paise to 68.41 against the US dollar Wednesday.
RBI to work with banks for effective transmission of rates: Shaktikanta Das
RBI Governor Shaktikanta Das announced the second 25 basis points repo rate cut in the current calendar year.
Retail loan EMIs set to fall post RBI's rate cut
Muted growth and subdued inflation prompted the RBI on Thursday to lower its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent.
RBI repo rate cut explained: Will a second relief help consumers?
The Reserve Bank of India Monetary Policy Committee in its bi-monthly meet announced a 25 basis point cut in the repo rate given the environment of global slowdown and low rate of inflation in the country. What does this mean and how would the economic scenario pan out in coming days. T K Arun of The Economic Times explains.RBI repo rate cut explained: Will a second relief help consumers?
RBI reserves: Shaktikanta Das says Jalan panel to submit report shortly
The six-member Jalan panel was appointed on December 26, 2018 to review the economic capital framework for the RBI.
Sensex shrugs off RBI policy action, down 192 pts
The advance-decline ratio on BSE stood at around 2:3.
It may not be easy for LVB-Indiabulls deal to get RBI nod: Sandeep Parekh, Finsec Law Advisors
Compared to an NBFC borrowing at 14-15%, banks can borrow at 7-10%, says Finsec Law Advisors founder.
RBI behind the curve in cutting rates: Ashima Goyal, PMEAC
Since there is a short election window, you need to boost growth beyond that, says Goyal
RBI may come out with guidelines on transmission of policy rates: Shaktikanta Das
The RBI chief said discussions with several banks are on and he will discuss it again to ensure full transmission.
RBI lowers GDP growth forecast to 7.2% for 2019-20
On the positive side, the RBI said, higher financial flows to the commercial sector augur well for economic activity.
RBI cuts interest rate by 25 bps to help boost growth
The MPC voted 4:2 in favour of a rate cut. The repo rate has been lowered to 6%
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