Mumbai, Jan 13 The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank. An RBI statement said that the action is
Mumbai, Jan 12 The gross non-performing asset (GNPA) of scheduled commercial banks (SCB) are likely to increase to 13.5 per cent by September 2021 in the existing scenario, according to the RBI’s Financial Stability Report for January. In case of
New Delhi, Jan 3 Private sector banks witnessed a rise in non-performing assets (NPA) in respect of large borrowal accounts with exposure of Rs five crore or above. A recent report by the Reserve Bank of India (RBI), cited that
Mumbai, Jan 2 The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. The RBI-DPI comprises of five broad parameters that enable measurement of deepening
Mumbai, Dec 30 India’s scheduled commercial banks (SCBs) consolidated their gains achieved after the turnaround in 2018-19 during 2019-20 and first half of 2020-21, the Reserve Bank of India (RBI) said in a report. As per the report on ‘Trend
New Delhi, Dec 29 India’s inflation target should be maintained at 4 per cent in the medium term, according to a working paper by the Reserve Bank of India (RBI). The paper, published by the RBI’s Department of Economic and
New Delhi, Dec 27 The Reserve Bank’s recent draft circular on declaration of dividends by non-banking financial companies (NBFCs) will have a neutral-to-positive impact on government-owned NBFCs, India Ratings and Research (Ind-Ra) said. According to a Ind-Ra report, the new
Mumbai, Dec 24 India’s economy is pulling out of Covid-19’s deep abyss at a faster pace than most predictions, Reserve Bank of India said in its monthly bulletin for December. “Since the assessment presented in the last month’s article, more
New Delhi, Dec 24 As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin
New Delhi, Dec 15 The Reserve Bank would have limited options for policy easing of interest rates as inflation would continue to remain at elevated levels in the current fiscal, analysts tracking the development have said. According to a research
Mumbai, Dec 10 The Reserve Bank of India (RBI) has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15 per cent Capital to Risk Weighted Assets
Mumbai, Dec 7 The Reserve Bank’s directive to HDFC Bank for temporarily stopping all launches of the Digital Business generating activities and sourcing of new credit card customers is “credit negative for the lender”, Moody’s Investors Service said on Monday.
New Delhi, Dec 7 The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020. RBI Governor Shaktikanta Das said in his monetary policy statement on Friday that in
Mumbai, Dec 5 The Reserve Bank of India (RBI) on Friday retained its key short-term lending rates to subdue the persistently high inflation rate. The Monetary Policy Committee (MPC) of the central bank, however, maintained the growth-oriented accommodative stance, thus
New Delhi, Dec 4 The payments industry on Friday welcomed the Reserve Bank of India’s move to hike the limit of contactless card transaction from Rs 2,000 to Rs 5,000. The announcement by Reserve Bank of India Governor Shaktikanta Das
Mumbai, Dec 4 A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital businesses activities, RBI Governor Shaktikanta Das has said that all banks and other financial
Mumbai, Dec 4 At a time when the proposal of giving bank licences to corporate houses has received criticism from several quarters, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the central bank has not
Mumbai, Dec 4 The Reserve Bank of India (RBI) expects resolution plans for Mumbai-based Punjab and Maharashtra Co-operative (PMC) Bank soon as initial response from investors have been positive. At the post MPC meeting conference, RBI Governor Shaktikanta Das said
Mumbai, Dec 4 The Reserve Bank of India (RBI) has decided to come out with guidelines for dividend distribution by NBFCs. Unlike banks, currently there are no guidelines in place with regard to distribution of dividend by NBFCs. RBI Governor
Mumbai, Dec 4 The RBI has proposed to allow settlement files of payment systems viz., AePS, IMPS, NETC, NFS, RuPay, UPI to be posted to the apex bank on all days of the year. The measure will reduce build-up of
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