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Bank Gross NPAs To Rise To 8-9%, Stressed Assets To Touch 10-11%: Report
Bank Gross NPAs To Rise To 8-9%, Stressed Assets To Touch 10-11%: Report

The estimates of CRISIL Ratings are predicated on a base-case scenario of 9.5 per cent GDP growth this fiscal and continued improvement in corporate credit quality.

RBI
RBI Introduces Digital Payment Solutions In Offline Mode

RBI Governor said that the pilot of this innovative technology facilitating digital payments in offline mode has been successful and the learnings indicate that there is a scope to introduce such solutions, especially in remote areas.

RBI
RBI Enhances Transaction Limit In IMPS Transfers To Rs 5 Lakh

The current IMPS limit is Rs 2 lakh meaning a bank consumer can transfer this amount for making any immediate money transfer on a day.

RBI
RBI Maintains Status Quo For 8th Time; Retains Repo Rate At 4 Pc

RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

RBI
RBI Appoints Ajay Kumar As New Executive Director

As Executive Director, Kumar will look after the Department of Currency Management, Foreign Exchange Department and Premises Department.

IBA Seeks Licence From RBI To Set Up Rs 6,000-Cr NARCL; Approval Likely In Few Weeks
IBA Seeks Licence From RBI To Set Up Rs 6,000-Cr NARCL; Approval Likely In Few Weeks

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from State Bank of India (SBI), as the managing director.

RBI
RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0

Under the G-sec Acquisition Programme (G-SAP 2.0), the Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26

India's Forex Reserves Rise By Over $9 Bn
India's Forex Reserves Rise By Over $9 Bn

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

RBI Governor Shaktikanta Das
Recovering Economy: RBI Retains FY22 Projection For Real GDP Growth At 9.5%

RBI Governor Shaktikanta Das pointed out that economy is recovering from set back from the Covid's second wave. He said that accelerated vaccination drive along with, buoyant exports and monetary as well as fiscal support has aided recovery.

RBI-Logo
Old Notes' Sale And Purchase: RBI Cautions Citizens

Amid the cases of rampant sale and purchase of old coins and currency notes, RBI has come up with an advisory for citizens.

RBI
RBI Allows Card Networks, Wallets To Access RTGS, NEFT

Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem

RBI
Indian Economy To See 'Substantial Slack' In FY22 Despite Growth: RBI

"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," said te RBI Bulletin for July 2021.

RBI Governor Shaktikanta Das
Financial Inclusion Will Continue To Be A Policy Priority After Pandemic: RBI Guv

To measure the extent of financial inclusion in the country, it has been decided to construct and periodically publish a financial inclusion index (FII).

RBI
RBI Restricts Continuous Tenure Of UCB MDs To 15 Years

The Reserve Bank of India has limited the maximum continued term of managing directors and whole time directors (WTD) of urban cooperative banks (UCBs) to 15 years in a series of steps taken to ensure professional management of these institutions that have often been found undertaking non-transparent activities right at the top.

RBI
RBI Allows Centrum To Set Up Small Finance Bank, Paves Way For Takeover Of PMC Bank

Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank.

Cash Withdrawal From ATM
RBI Hikes ATM Cash Withdrawal Charges, Know Details Here

A committee constituted by the Reserve Bank of India (RBI) for reviewing ATM fees gamut, has recommended increasing certain charges related to cash withdrawal from ATM machines.

ATM
RBI Permits Banks To Increase Charges For Cash/Non-Cash Transactions Beyond Free Permissible Limit

The RBI said the charges have been allowed to be increased given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/white label ATM operators

Forex Reserve Indian
As India's Forex Reserves Cross $600B, Liquidity Gush To Fuel Equities

As India's forex reserves cross the $600 billion-mark, there are indications that the ample liquidity, both globally and in the domestic space will continue to drive the Indian stock markets.

RBI on cash deposit in ATMS
RBI Announces Liquidity Measures For Sectors Hit Hard By COVID-19

In a bid to support the revival of sectors hit most by the COVID-19 pandemic, the Reserve Bank of India (RBI) on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.

RBI
RBI Cuts Growth Forecast For FY22 To 9.5%

The Reserve Bank of India (RBI) has lowered its growth projection for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.

RBI
RBI To Transfer Rs 99,122 Crore As Surplus To Centre

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.

NEFT
Bank NEFT Transfers Will Not Be Operational Coming Weekend

If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers.

RBI Announces Loan Recast For Individuals, Small Borrowers
RBI Announces Loan Recast For Individuals, Small Borrowers

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…

RBI Grade B 2021 Recruitment
RBI Eases KYC Compliance, Extends Video KYC To New Customers

Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…

RBI
RBI Announces Rs 50K Cr Liquidity Window For Covid-Related Health Services

Mumbai: As the county’s healthcare system reels under the severe Covid crisis, the Reserve Bank of India (RBI) on Wednesday announced a liquidity window of Rs 50,000 crore wherein vaccine…