Reserve Bank

Bank credit growth falls further, industrial credit growth slips back into negative zone in June

Latest RBI data show credit growth of scheduled commercial banks declined to 5.8% in June against 6.2% a year ago.

published on : 31st July 2021

‘RBI exploring roll-out of digital currency in phases’

“RBI is currently working towards a phased implementation strategy and examining cases which could be implemented with little or no disruption.

published on : 23rd July 2021

Fresh card issuance by 5 private banks to be impacted due to ban on Mastercard by RBI: Report

HDFC Bank would also have been affected by this decision but the lender is already facing restrictions by the RBI on issuance of new cards (debit, credit or prepaid).

published on : 16th July 2021

Ban on Mastercard to hit RBL, Yes Bank

According to a report by Nomura, RBL Bank, Yes Bank, and Bajaj Finserv are most impacted as their entire card schemes are allied with Mastercard

published on : 15th July 2021

RBI bars Mastercard from adding customers in India from July 22

According to the regulator, the restriction was imposed as the company failed to comply with its directions on storage of payment system data.

published on : 15th July 2021

RBI's current account circular helps large lenders gain corporate banking market share: Reports

In mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts.

published on : 14th July 2021

Given approval to set up small finance bank to take over PMC Bank: RBI to Delhi High Court

The PMC Bank has been put under restrictions, including limiting withdrawals, by the RBI, following the unearthing of a Rs 4,355-crore scam.

published on : 12th July 2021

Overdue FDs to earn less as RBI tweaks norms

Deposits are classified as unclaimed by RBI if the customer doesn’t make any transaction in the account for 10 years or more.

published on : 6th July 2021

RBI should not print money to finance fiscal deficit: Pinaki Chakraborty

Pinaki Chakraborty said India's current macroeconomic situation is better than what it was during the first wave of the COVID-19 pandemic and should recover faster if there is no third wave.

published on : 4th July 2021

RBI tweaks norms for interest on unclaimed amount after deposit matures

New norms to be applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.

published on : 2nd July 2021

India Inc foreign borrowings plunge by 51 per cent to 738 million US dollars in May

The entire fund raised by Indian companies in May 2021 came through the automatic route of the external commercial borrowings, according to RBI data.

published on : 2nd July 2021

RBI flags loans by Srei to probable related parties

The lender said total exposure to these loans were at Rs 8,576 crore as on March 21, 2021, and that it has sought a legal view on its relationship with these borrowers.

published on : 2nd July 2021

Bad loans to spike, but banks to have sufficient capital to weather stress: RBI

Unlike last year, however, RBI expects banks’ stress level to be less harsh this year—helped by restructuring, write-offs, and regulatory forbearances including a loan moratorium.

published on : 2nd July 2021

Current account surplus at 0.9 per cent in pandemic year due to sharp contraction in trade deficit

The CAD, the gap between the country’s overall foreign receipts and payments, is an important factor signalling the strength of a nation’s external sector.

published on : 1st July 2021

RBI issues NBFC dividend payout norms 

According to the new guidelines, both NBFCs and housing financiers will need to meet certain benchmarks to qualify for a dividend payment.

published on : 25th June 2021
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