Reserve Bank of India

RBI Issues Draft Norms on Dividend Declaration by Banks | Zee Business

Wed, Jan 03, 2024

RBI issued draft circular on dividend declaration of banks, new rules will be implemented from financial year 2025, sought suggestions from stakeholders till January 31, rules for all Commercial Bank, SFB, Payment Bank, Regional Bank

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RBI MEET: Will the MPC maintain the status quo and keep rates steady for the fifth consecutive time?

Thu, Dec 07, 2023

Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).

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RBI MPC MEETING: Will Interest Rates Rise, Fall or Pause? What to Anticipate This Week

Tue, Oct 03, 2023

After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.

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Urjit Patel for avoiding premature policy action by RBI: MPC minutes

Wed, Jun 21, 2017

Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.

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NPAs crisis: Sebi relaxes distressed assets norms for speedy resolution

Wed, Jun 21, 2017

In a move to support RBI and government in resolving banks' NPA crisis, Sebi has eased distressed assets norms for speedy resolution. 

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Co-operative banks given 30 days time to deposit demonetised notes

Wed, Jun 21, 2017

Ministry of Finance has asked the district central co-operative banks to deposit old Rs 500 and Rs 1000 notes with RBI in a time period of 30 days. 

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As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain

Tue, Jun 20, 2017

Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.   

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Municipalities in India are changing the way they fund their operations

Tue, Jun 20, 2017

Municipal Bonds are not new to the country. However, the growth in issuance of Municipal Bonds has been sub-optimal. 

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After months of drifting apart, India's wholesale and retail inflation are finally converging

Mon, Jun 19, 2017

Both WPI and CPI have reached to a series low in the month of May 2017 and are now just 1 basis point difference between each other. 

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Shares of these 12 companies plunge as banks begin meet to resolve NPA issue

Mon, Jun 19, 2017

RBI had asked bankers to bring the identified 12 defaulters before NCLT by the end of this month.   

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RBI's NPA resolution move is credit positive, Moody's says

Mon, Jun 19, 2017

The Reserve Bank of India's (RBI) move last week to resolve 12 borrowers responsible for a quarter of total non-performing assets (NPAs) of Indian banks is credit positive, ratings agency Moody's Investors Services said on Monday. 

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RBI deputy Mundra says state-run lenders may need more capital

Fri, Jun 16, 2017

Mundra, addressing reporters in the sidelines of a banking event in New Delhi, also said there was no specific timeline set by the central bank to identify additional loan defaulters on which bankers would need to start bankruptcy proceedings.

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Bad Loans Cleanup Phase 2: Govt says insolvency cases to be resolved within 90 days

Fri, Jun 16, 2017

A group of corporate debtors have been identified by the Insolvency and Bankruptcy Board of India (IBBI) that can opt for faster resolution under Insolvency & Bankruptcy code. Time period has been reduced to 90 days for process of a cases than the usual 180 days. 

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India's current account deficit at $ 3.4 billion in Q4FY17

Thu, Jun 15, 2017

RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year. 

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RBI's reduction in risk weight of home loans credit negative for banks

Thu, Jun 15, 2017

RBI's action on risk weightage of home loans is seen as credit negative for Indian banks. 

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RBI puts Central Bank of India under Prompt Corrective Action

Wed, Jun 14, 2017

RBI puts another PSU bank under the PCA framework due its high net NPA and Return on Assets. 

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Cabinet approves interest subvention on short-term crop loans; Here's are its features

Wed, Jun 14, 2017

Union Cabinet has approved an interest subvention scheme for farmers short term loan aggregating up to Rs 3 lakh borrowed during the year 2017 - 18. RBI and NABARD will implement the scheme. 

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RBI identifies 25% gross NPAs for insolvency; we bring pros and cons

Wed, Jun 14, 2017

RBI has made its move in bring 12 accounts under insolvency and bankruptcy code. How will banks cope up with this would be keenly watched, however we bring you pros and cons for the central banks decision. 

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Shares of banks like SBI, Punjab National Bank, others edge higher on RBI action on defaulters

Wed, Jun 14, 2017

A day after the Reserve Bank of India (RBI) said that it had identified 12 of the largest loan defaulters and would order lenders to start bankruptcy proceedings against them, shares of banks like State Bank of India (SBI), Punjab National Bank, among others edged higher in the morning trade on Wednesday.

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IDBI to establish exclusive vertical for NPA recovery

Tue, Jun 13, 2017

Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning signals, said Deputy Managing Director of IDBI Bank, G M Yadwadkar.

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WATCH: What's new in RBI's new series of Rs 500 notes

Tue, Jun 13, 2017

RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes. 

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India's May retail inflation reaches record low of 2.18%

Mon, Jun 12, 2017

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New base year effect: IIP rises by 3.1% in April

Mon, Jun 12, 2017

Under the new base year (2011-12), IIP for the month of April 2017 stood at 3.1% on year-on-year basis. IIP was at 2.7% in the month of March 2017 as against a drop of 1.2% in February 2017.

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