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India can achieve 10% growth rate in FY22 if govt provides stimulus to combat COVID-19 pandemic
If the Government undertakes the effective steps and provides a substantial stimulus to combat the impact of coronavirus, a double-digit growth rate of more than 10% in FY2022 will be achievable.
RBI extends risk-based internal audit system to housing finance firms
In February this year, RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022.
RBI asks banks not to delete CCTV footage from 2016 demonetisation period
The move is aimed at helping enforcement agencies in their probe against illegal accumulation of new currency notes during the demonetisation period.
UCO Bank again urges Reserve Bank of India to consider taking it out of PCA
The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative return on assets. In the last financial year, the bank posted a full-year net profit of Rs 167.04 crore as
Hopeful to come out of PCA framework very soon: UCO Bank MD
"I don’t foresee any hurdle and remain hopeful that we will get the regulators’ approval to come out of PCA," UCO bank managing director and CEO A K Goel told PTI when asked about the issue of the latest capital infusion
RBI incentivises lenders to create Covid loan book for contact-intensive sectors
“In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022, with tenors of up to thre
RBI keeps interest rates unchanged, announces measures to support economy
Pranjul Bhandari, India chief economist, HSBC, observed that while India’s CPI inflation is under the 6% upper limit of RBI’s tolerance band, it has been higher that the 4% target for the last 19 months. Bhandari believes
‘RBI’s Rs 16,000 crore special liquidity facility to Sidbi to help MFIs mitigate Covid-related challenges’
"Further, it will help the MFIs provide financing support to their customers and resume normalised disbursements once the lockdowns are gradually relaxed and economic activities start functioning in normal manner," Hebbar sai
Reserve Bank expands resolution framework 2.0 coverage to Rs 50 crore
With the ceiling now doubled, MSMEs with a ‘standard’ classification as of March 31, 2021, can approach the lenders to help ease the parameters of repayment.
RBI announces second round of G-SAP to keep yields in check
The first two auctions conducted by the RBI under the first G-SAP programme helped keep interest rates benign for 91-day T Bills, commercial papers and certificates of deposit. The market was keenly looking out for another ro
NPAs may remain within projections: RBI Governor Shaktikanta Das
“I think the figures (NPAs) are quite manageable, but I would not say anything beyond that because our teams are assessing the numbers and we will spell out details in the upcoming financial stability report (FSR) later thi
Crisil fears large companies to benefit from RBI sops for contact-intensive sectors
Earlier in the day, the RBI relaxed the eligibility criteria for the restructuring window offered under the Resolution Framework 2.0 to Rs 50 crore.
MSME को एक और बड़ी राहत, 50 करोड़ रुपये तक बढ़ गई लोन री-स्ट्रक्चरिंग लिमिट
रिजर्व बैंक ने 5 मई को एमएसएमई को राहत देने वाले फ्रेमवर्क (Resolution Framework 2.0) का ऐलान किया था. इस
RBI announces liquidity measures for sectors hit hard by COVID-19
To provide greater flexibility in raising short-term funds by Regional Rural Banks (RRBs), Das said, it has now been decided to permit these banks to issue Certificates of Deposit (CDs) to eligible investors.
RBI Governor says global trade rebounding; pitches for policy support for exports sector
Further, the governor said that India's exports in March, April and May this year have seen an upswing, which is evident of the sector's potential.
RBI projects retail inflation at 5.1 pc in FY22 on supply-side measures, monsoon
While on the other hand, the rising trajectory of the international crude oil prices within a broad-based surge in international commodity prices and logistics costs is worsening cost conditions.
Sensex, Nifty end in red on GDP growth forecast cut by RBI; check how to trade next week
Nifty 50 has closed a few points below 15700 but the trend still remains positive and it should head to 15900-16000.
Look forward to repo rate cut by RBI in future: India Inc
CII said that while keeping the policy rates unchanged, RBI's move to continue to use its unconventional tools to keep yields stable amid a large government borrowing program provides succour to keep the borrowing costs conta
Higher surplus transfer to govt an accounting issue, driven by lower provisioning: RBI
Fiscal year 2020-21 witnessed a 10.96 per cent decline in RBI's income at Rs 1.33 lakh crore while the expenditure was down 63.10 per cent to Rs 34,146 crore.
RBI MPC decision on repo rate, GDP growth, GSAP 2.0 meets expectations; assures to mitigate COVID risks
The Reserve Bank of India's MPC has continued to reiterate its decision to prioritise growth as long as necessary as the risks to inflation remain balanced.
Salary, pension, dividends, other payments and investment through NACH to be available on all days, says RBI
Salary, pension, interest, dividend and other payments and investments through National Automated Clearing House (NACH), a bulk payment system operated by NPCI, can be done on all days of the week from August 1, 2021
Hotel stocks rally: Indian Hotels, Lemon Tree, HLV share prices zoom 20% on RBI’s liquidity support
Hotel stocks such as Indian Hotels, Lemon Tree Hotels, EIH Associated Hotels, HLV surged up to 20 per cent after the Reserve Bank of India (RBI) Governor Shaktikanta Das announced liquidity support.
