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RBI imposes Rs 2 cr fine on Deutsche Bank AG

RBI imposes Rs 2 cr fine on Deutsche Bank AG

🕔07:10, 13.Jan 2021

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

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Banks’ gross NPA seen at 13.5% by Sep in existing scenario

Banks’ gross NPA seen at 13.5% by Sep in existing scenario

🕔07:01, 12.Jan 2021

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

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Private banks witnessed rise in NPAs in large borrowal accounts in FY20: RBI

Private banks witnessed rise in NPAs in large borrowal accounts in FY20: RBI

🕔18:41, 3.Jan 2021

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

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RBI introduces Digital Payments Index

RBI introduces Digital Payments Index

🕔13:04, 2.Jan 2021

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

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Banks’ GNPA ratio declines to 7.5% at September-end: RBI report

Banks’ GNPA ratio declines to 7.5% at September-end: RBI report

🕔07:18, 30.Dec 2020

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

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India’s inflation target should be maintained at 4%: RBI Working Paper

India’s inflation target should be maintained at 4%: RBI Working Paper

🕔06:56, 29.Dec 2020

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

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Neutral-to-positive impact of RBI’s draft circular on govt-owned NBFCs: Report

Neutral-to-positive impact of RBI’s draft circular on govt-owned NBFCs: Report

🕔09:00, 27.Dec 2020

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

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Beating predictions, economy pulling out of Covid’s deep abyss: RBI

Beating predictions, economy pulling out of Covid’s deep abyss: RBI

🕔19:16, 24.Dec 2020

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

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Indian economy reviving at unforeseen pace: RBI

Indian economy reviving at unforeseen pace: RBI

🕔13:54, 24.Dec 2020

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

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High inflation may make rate cut difficult even in FY22: Report

High inflation may make rate cut difficult even in FY22: Report

🕔16:32, 15.Dec 2020

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

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NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend

🕔06:56, 10.Dec 2020

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

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RBI’s directive credit negative for HDFC Bank: Moody’s

RBI’s directive credit negative for HDFC Bank: Moody’s

🕔16:20, 7.Dec 2020

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.

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Covid effect: RBI asks banks not to declare dividend for FY 20

Covid effect: RBI asks banks not to declare dividend for FY 20

🕔07:07, 7.Dec 2020

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

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Inflationary woes: RBI retains rates, maintains accommodative stance

Inflationary woes: RBI retains rates, maintains accommodative stance

🕔07:24, 5.Dec 2020

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

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Industry hails RBI’s move to hike contactless card transaction limit

Industry hails RBI’s move to hike contactless card transaction limit

🕔18:01, 4.Dec 2020

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

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Banks need to invest more in IT, tech: RBI Guv on HDFC Bank outage

Banks need to invest more in IT, tech: RBI Guv on HDFC Bank outage

🕔17:59, 4.Dec 2020

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

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RBI to decide on bank licences to corporates after due examination

RBI to decide on bank licences to corporates after due examination

🕔15:00, 4.Dec 2020

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

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Initial response from investors for PMC Bank positive : Das

Initial response from investors for PMC Bank positive : Das

🕔14:49, 4.Dec 2020

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

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RBI to come up with guidelines for dividend distribution by NBFCs

RBI to come up with guidelines for dividend distribution by NBFCs

🕔14:48, 4.Dec 2020

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

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RBI allows settlement files of payment systems on all days of year

RBI allows settlement files of payment systems on all days of year

🕔14:45, 4.Dec 2020

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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