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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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).
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.
Sat, Jun 08, 2019
The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with the central bank`s directions to furnish details of its promoter shareholding.
Fri, Jun 07, 2019
The central banks said lenders shall recognise incipient stress in loan accounts, immediately on default, by classifying such assets as special mention accounts (SMA).
The Reserve Bank of India (RBI) today issued a new framework for resolution of stressed assets or bad loans.
The Reserve Bank of India on Friday released fresh guidelines to deal with bad loans after the Supreme Court quashed its 12 February, 2018, circular, which mandated lenders to start resolution even if there was a one-day default. New NPA resolution norms replace all the previous models, the central bank said. Under the new norms, defaults are to be recognized within 30 days, says RBI.
If the 0.25% repo rate cut by the Reserve Bank of India (RBI) on Thursday made you happy, be ready for some more in the current cycle, if an SBI Research expectation gets true.
The Reserve Bank of India has woken up to the persistent demand of common men and the industry to reduce ATM transaction fee and charges.
Captains of the Indian economy have demanded from the policymakers to create symmetry between the structural growth and liquidity system.
RBI's decision to adjust the Leverage Ratio could add a potential Rs 1 lakh crores to the lendable resources of the banks.
Thu, Jun 06, 2019
In the briefing, Das also explained that, RBI is mandated to look after financial stability in economy.
The Reserve Bank of India has removed charges on RTGS/NEFT transactions. Watch this video to know more.
The six-member monetary policy committee (MPC), led by RBI Governor Shaktikanta Das, decided to reduce key repo rate by 25 basis points to 5.75 per cent from 6.0 per cent.
Bringing cheers to individual borrowers, the Reserve Bank of India (RBI) today cut the key lending rate by 25 bps (0.25%)
Prashant Kumar, Managing Director & CFO, SBI told Zee Business TV, ''The rate cut of 25 bps in interest rates was expected from RBI in this monetary policy. Also the change in stance from 'neutral' to 'accomodative' is quite positive for the economy.
A review of the performance of Small Finance Banks reveals that they have achieved their priority sector targets and thus attained their mandate for furthering financial inclusion.
The Reserve Bank of India (RBI) today announced key lending rate (repo rate) cut by 25 bps (0.25%).
NBFCs have hailed the RBI's Repo Rate cut decision and expect that it would help the government to address the liquidity crisis.
RBI's rate cut won't be enough to handle the liquidity issue until retail banks pass on the benefit to its customers, says market expert Ajay Bagga.
Real estate developers have welcomed the decision citing the move would send out positive notional signals but will the banks pass-on its benefit.
The latest Consumer Price Index (CPI) or retail inflation numbers are slightly up at 2.92% in April 2019 compared to 2.86% in March 2019.
RBI has done away with RTGS and NEFT routes to boost digital transactions and has asked banks to pass on the benefits. This comes as a major good news for bank customers.
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