Page 148 of RBI

The regulator also carried out an examination of the correspondence with the bank regarding payment of remuneration to its employees in the form of commission to arrive at its decision.

RBI fines SBI for not following directions on employee pay

“This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any…

March 17, 2021 02:15 IST

A disclaimer in the document stated that the report represents the views of the central bank executives who authored it, and not that of the RBI.

Economic Outlook: Expect RBI to retain status quo on rates in April policy meeting

India’s monetary policy cycle is closer to a turning point

March 16, 2021 06:30 IST

With exports under pressure, labour-intensive sectors have been doing badly for a long time now.

Rising inflation & Covid cases – the year just got tougher, though not unexpectedly

Inflation is up & rising Covid cases can upend the patchy recovery; neither govt nor RBI can afford to get…

March 16, 2021 06:00 IST

NPCI launches dispute redressal mechanism for BHIM-UPI users

UPI-Help will enable BHIM UPI users to use their app to check the status of pending transactions, raise complaints for…

March 16, 2021 04:15 IST

Your Money: Know how currency markets effect interest rates

Banks are dealers in capital. Like dealers of other assets, they too will quote two rates, one for borrowing and…

March 16, 2021 01:30 IST

Of course, as we have all learned over the years, markets can stay irrational much, much longer than any of us can stay solvent, so, I guess, as always, the only certainty is continuing high volatility.

Will interest rates continue to rise?

The bond markets are pushing the central bank around and it is hard to see how/when this will stop

March 15, 2021 06:00 IST

"Relaxation in the parking of ECB proceeds would provide flexibility to corporates raising resources from the global markets," it said.

RBI asks lenders to report restructured accounts to credit bureaus

The uniform credit reporting format has two annexes. Annex-I contains two formats for credit reporting – consumer bureau and commercial…

March 13, 2021 04:00 IST

IDBI share price zooms 17%; lender exits RBI’s PCA framework as balance sheet improves

The Reserve Bank of India (RBI) on Wednesday evening said that IDBI Bank has been taken out of the prompt…

March 12, 2021 11:24 IST

RBI imposes Rs 2 crore fine on Bank of Maharashtra

This penalty has been imposed in exercise of powers vested in the RBI under the Banking Regulation Act, 1949.

February 26, 2021 22:19 IST

Current inflation target band appropriate for next 5 years: RBI report

The country adopted the flexible inflation target (FIT) framework in 2016. The inflation target of 4 per cent and the…

February 26, 2021 22:05 IST

Proposed ARC will not ‘jeopardise’ existing players: RBI Guv Shaktikanta Das

The governor said RBI has also sharpened and deepened its supervisory methods and is now going to deep dive into…

February 25, 2021 16:48 IST

RBI to conduct simultaneous sale-purchase of govt securities next month

Eligible participants can submit their bids in electronic format to the RBI on its core banking solution (E-Kuber) system between…

February 24, 2021 23:00 IST

Monthly collections in retail pools of NBFCs, HFCs touch pre-moratorium level: Icra

In March last year, the Reserve Bank of India (RBI) had announced moratorium on repayment of term loans in order…

February 22, 2021 20:34 IST

In Friday’s Rs 26,000-crore auction, the RBI had decided to devolve Rs 6,736 crore of the 6.22% government stock 2035.

RBI partially devolves govt bond auction second time in 2 weeks

However, a market spooked by the size of the government’s borrowing programme and has been unwilling to see eye to…

February 19, 2021 01:30 IST

RBI permits residents to make remittances to IFSCs under LRS

The decision of the RBI is aimed at deepening the financial markets in the IFSCs and providing an opportunity to…

February 16, 2021 21:11 IST

Finance Minister Nirmala Sitharaman addresses RBI board, explains priorities of government

Earlier this month, the finance minister presented a Rs 34.5 lakh crore-budget for 2021-22 in the backdrop of the coronavirus…

February 16, 2021 16:49 IST

It will also review the current regulatory/supervisory approach and recommend suitable measures to strengthen the sector, taking into account recent amendments to the Banking Regulation Act, 1949.

RBI announces expert committee on primary urban cooperative banks, to be chaired by NS Vishwanathan

The committee’s terms of reference will include taking stock of the regulatory measures taken by the RBI and other authorities…

February 16, 2021 05:45 IST

The government has budgeted capital expenditure at Rs 5.45 lakh crore for FY22, which is 26.2% higher than the RE of FY21 and 34.5% larger than the budget estimate (BE) level for this fiscal.

RBI board meet: Finance minister may allay deficit fears, stress growth push

The minister could also highlight the government’s budgetary goals to boost spending in productive assets (that won’t stoke inflation), establish…

February 16, 2021 03:45 IST

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RBI issues draft on ECL framework; proposes 5-year glidepath

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The Reserve Bank of India has proposed new guidelines for expected credit loss framework, replacing the current provisioning system. The guidelines include staging criteria for asset classification and higher provisions for certain loans. The impact on minimum regulatory capital requirements will be minimal and there will be a five-year transition period.

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