reserve bank

The country's foreign exchange reserves fell by $9.64 billion to $622.275 billion in the week ended March 11, 2022, as the rupee depreciated against the US dollar in a amid rising crude oil prices and capital outflows due to sustained…

RIYADH: Central banks in the Gulf and the UK raised interest rates, while economic growth in New Zealand resurfaced. The United States has seen changing levels of unemployment. Gulf Interest Rates Gulf central banks on Wednesday…

Hours after the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi met on Sunday afternoon to discuss the ongoing war in Ukraine and its impact on India, New Delhi decided to temporarily transfer the Indian Embassy…

Patra said geopolitical tensions could cause the RBI to revise its growth projection in the April policy. The Reserve Bank of India (RBI) will assess inflation in detail in the next monetary policy statement in April, after recent…

In recent years, an association inextricably linked to the Indian banking system is that of an entity that is almost crumbling under the weight of loans that may never be recovered. This unfortunate coupling has now been largely eroded,…

Recently, there have been several cases where fraudsters used permanent account numbers and other identity documents of people to avail loans from fintech companies and non-bank financial companies (NBFCs). As these loans remain unpaid, it…

Soaring gasoline prices are stoking inflation and causing headaches for governments and central banks around the world. In countries where elections are approaching, they are an additional headwind for incumbents. While the midterm…

Finance companies have applied for priority sector lender status for money they receive from banks to provide loans for the purchase of two-wheelers (TWs). This would help…

India has surprised the payments world by announcing that its central bank will issue digital currency as early as 2022-23, a crucial decision that most major economies refuse to make in a hurry. According to Finance…

New Delhi: Indian stock markets have been very volatile over the past two weeks. On Tuesday, the benchmark, Sensex, showed strong swings. It opened at 57,621 and moved to 57,925. Later, Sensex fell to 57,058, later…

Indian equity benchmarks are likely to start the week on a bearish note, following mixed signals from Asian peers. SGX Nifty futures trends also indicated a lower open for domestic exchanges, with Nifty futures trading 34 points, or…

Six months after the creation of the National Asset Resolution Company Limited (NARCL), the proposal to create a “bad bank” – a key reform measure in this fiscal year – has yet to take off. Obstacles include issues related to ownership…

A relaxation of the valuation standards for stressed assets, the streamlining of NPA provisions, the reduction of the duration of fixed deposits saving tax and the elimination of GST on additional interest charged in the event of default -…

Among key reforms unveiled in the 2021-22 budget, the privatization of two state-owned banks and downstream oil major BPCL is now set to stretch into next year, even as the Center fights against time to make IPO Life Insurance Corporation…

Nervousness over the regulatory vacuum is palpable among cryptocurrency exchanges in India. This has led many to wonder about the future of blockchain technology, which is the technological backbone of digital currencies.In this context,…

Kerala-based CSB Bank Managing Director and CEO CVR Rajendran has decided to take early retirement for health reasons, the bank said in a press release on Saturday. Rajendran,…

Through PTI MUMBAI: The threat of a third wave of COVID-19 poses high risks to the quality of banks' assets, especially the restructured loan portfolio, according to a report by the national rating agency ICRA.…

The Delhi High Court on Tuesday dismissed petitions filed by Future Coupons Ltd and Future Retail Ltd seeking to overturn the arbitration proceedings initiated by Amazon in Singapore.…

Credit and financing for MSMEs: The share of MSMEs in total gross bank credit declined slightly to 12.01% in November, from 12.17% in October. Credit and finance for MSMEs: Year-on-year (year-on-year) growth in gross bank credit extended…

THE BANKING sector succeeded in improving the quality of assets during the Covid year, the ratio of gross non-performing assets to advances rising from 8.2% at the end of March 2020 to 7.3% at the end of March 2021 - and again to 6.9% at…

ेस काशनीPRESS RELEASE…

Rajeev Ahuja, new managing director and acting CEO of private sector lender RBL Bank, said on Sunday that the bank and its management had the full support of the Reserve Bank of India (RBI) after the RBI nominated its candidate to the…

NEW DELHI : The government is proposing to recapitalize public sector banks (PSBs) that have emerged from the Reserve Bank of India (RBI) Quick Corrective Action (PCA) framework and may need additional funds to…

Before the winter session, the government had listed 26 new bills, including the three bills above. However, the three bills as well as the one on reforms in the electricity distribution sector appear to have been withdrawn from the…

Banks wrote off Rs 2,02,781 of bad debts in the fiscal year ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce relief as a moratorium on loans for borrowers. Along with…

Booster shots needed to protect people from Omicron variant, according to BioNTech…

The Reserve Bank of India (RBI) on Wednesday kept the repo rate at 4% in its monetary policy announcement, encouraging millions of mortgage borrowers. The status quo on interest rates means that the low home loan interest rate regime will…

MUMBAI: Indian stock markets will take inspiration from the Reserve Bank of India's monetary policy statement on Wednesday, while SGX Nifty futures suggest a positive opening for domestic benchmarks.…

The government of Haryana has received a whopping sum of Rs 70,126 crore in loans from various public sector banks since April 1, 2014. The state government used its largest loan of 15,602…

WASHINGTON (Reuters) - India has been exemplary in releasing its intervention in the foreign exchange market, the US Treasury Department said on Friday, adding that New Delhi should allow the exchange rate to move flexibly to reflect…

Standard and Poor's (S&P) rating agency said on Tuesday that while Indian banks appear to have learned lessons from the surge in bad loans, their governance and transparency are weak by global standards. Failure to…

The Reserve Bank of India (RBI) has kept in limbo its internal task force (IWG) proposal to license large companies to banking amid fears about connected loans and personal transactions if they are authorized in the banking area. What is…

Central Crime Branch (CCB) police detectives dismantled a network of at least 52 companies registered in Benami's name, allegedly by Chinese nationals who stole from customers after giving loans on mobile apps without any collateral .…

Three commercial banks, including State Bank of India (SBI), Canara Bank and Axis Bank, are expected to raise around Rs 7,500 crore through additional Tier I (AT I) bonds by the end of December 2021 They will benefit from being…

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I am now on the staff of this bank. His interests are my interests. Psmith, the individual, ceases to exist, and there appears Psmith, the cog of the wheel of the New Asiatic Bank; Psmith, the link in the…

There would be little or no need for commercial banks if everyone always paid their debts in full and on time. Everyone would then have the best possible credit score, no need for supervision, and could borrow or lend at the…

New Delhi | Jagran Business Office: The Reserve Bank of India (RBI) has decided to change the rules for bank lockers and announced new guidelines for safe deposit in lockers and safe custody facilities offered by banks. The…

Investors will be indemnified at a fixed rate of 2.50 percent per annum payable semi-annually on the face valueSovereign Gold Bonds: The next tranche of 2021-22 gold sovereign bonds will be open for subscription for five days from October…

In September, the government extended the ECLGS until March 31, 2022, or until guarantees for the overall cap of Rs 4.5 lakh crore are issued, whichever comes first.Credit and financing for MSMEs: Banks' gross non-performing assets…

T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), at the 5th annual Indian Association of Foreign Exchange Traders (FEDAI) day, said on Friday that there was an effort to further liberalize flows of the REIT's debt, with…

The Seven Indian - Americans Who Reached Forbes 400 2021 JERSEY CITY, NJ (TIP): While former President Donald Trump fell off the Forbes 400 list of richest Americans for the first time in 25 years in what he called "a terrible year…

Jay Chaudhry; photo credit: Zscaler They made the list of the 400 richest Americans in what Forbes called "a terrible year for many." Follow @ambazaarmag As former President Donald Trump dropped off the Forbes 400 list of richest…

Through PTI NEW DELHI: The real estate industry on Friday welcomed the RBI's decision to keep policy rates unchanged, saying mortgage interest rates will remain at historically low levels and home sales could rise…

Projections for 2021-22 compare to a 7.3% contraction recorded in the last fiscal year and 4% growth in 2019-20 Fitch Ratings cut India's economic growth forecast to 8.7% for the current fiscal year, but raised the GDP growth…

Shrewd futures on SGX rose 149 points to 17,777.50 around 8:45 am, indicating a start of a spread for benchmarks on Thursday. Here are the main actions to follow during today's session: RIL: A few days after the breakdown of…

MUMBAI: The Reserve Bank on Monday authorized banks to write off the additional liability for the family pension review over five years from 2021-2022. Banks, the RBI said, will be required to appropriately disclose the accounting policy…

Dubai: Amid growing business ties between India and the United Arab Emirates, the Reserve Bank of India has authorized Emirates NBD, the public bank of the United Arab Emirates, to open two additional branches in India, Commerce…

MUMBAI : HSBC India has cut its mortgage interest rates by 10 basis points (bps) 6.45% per annum for customers who transfer their home loans to the bank. This special rate, the…

Banks will remain closed for a total of twenty-one days in October due to the October 2021 public holidays. According to the Reserve Bank of India's (RBI) holiday calendar listing, the twenty-one public holidays are State…

India's external debt stood at $ 571.3 billion at the end of June, registering an increase of $ 1.6 billion from its level at the end of March 2021, the RBI said on Thursday. However, the ratio of external debt to GDP fell to…

MUMBAI: India's current account balance turned in surplus during the three months of April to June, largely due to a shrinking trade deficit, the Reserve Bank of India said on Thursday in a statement. Analysts, however, predicted that the…

Indian Overseas Bank shares hit new highs as the Reserve Bank of India (RBI) pulled it out of its Rapid Corrective Action (PCA) framework.IOB shares rose 13% Thursday morning to hit 23.15 each, at 10:30 am. Since the start of the year, the…

SGX Nifty was trading with losses Thursday morning. (Photo: REUTERS)SGX Nifty was signaling a flat to negative start for domestic stocks on Thursday morning. Sensex and Nifty have already corrected for two consecutive days, but still…

The Reserve Bank of India took public sector lender Indian Overseas Bank (IOB) out of the Rapid Corrective Action Framework (PCA) (PCA) on Wednesday due to improving its financial and credit profile. The move gives the…

While irregularities of Rs 1,500 crore at Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) in Bengaluru have pushed around 38,000 clients into hardship, the bank's sister company audit shows loans worth of 60 crore rupees were released…

The Enforcement Directorate (ED) is conducting searches of the office of Shiv Sena chief and former MP Anandrao Adsul in connection with an alleged Rs 980 crore fraud at the City Co-operative Bank. The agency had summoned Adsul and her son…

As the world suffers from out-of-season rains and cyclones, sporadic forest fires that last for days, burning assets worth billions to ashes, extreme weather events have become a crucial…

The government has asked the banks for the statute regarding the digitization of land registers and the creation of equitable mortgages online that would contribute to faster disbursement of agricultural loans. The Ministry of Finance…

An audit of Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) in Bengaluru - where depositors were defrauded - found that Rs.1,480 crore had been embezzled and about Rs.890 crore, or 60%, was granted in the form of loans to 24 accounts,…

In indicating the changing market dynamics in India, the Kotak Mahindra Group has acquired the vehicle finance loan portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive finance arm of the Volkswagen Group.…

India's foreign exchange reserves rose $ 8.895 billion to a record high of $ 642.453 billion in the week ending September 3, 2021, according to data from the Reserve Bank of India (RBI). According to RBI data, foreign exchange reserves…

"A day of agricultural work earns around Rs 250, but women earn even less, sometimes around Rs 100," said Kranti Azad, 27, a farmer from Devlaha village in Ayodhya, 135 km east of Lucknow. . “But now that those who work in the…

Indian economy: pandemic recovery is far from over Job losses continue, gold lending to new highsBusiness September 8, 2021 The number of people employed rose from 399.38 million in July to 397.78 million in August, with nearly 1.3…

In 2017, the central bank raised the capital requirement to Rs…

MUMBAI: Private sector lender Yes Bank is looking to partner with investors to create an asset rebuilding company and has appointed EY as its process advisor, according to a public notice released Wednesday.…

A bill was passed Monday at Lok Sabha to help small depositors save in troubled banks. The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill 2021 aims to help small depositors, especially people who have savings in…

Chris James, a Harvard Extension student, has dedicated his career to promoting economic development in Native American communities. His work with the National Center for American Indian Enterprise Development was recently featured…

CHENNAI: City Union Bank recorded a 12% increase in net profit - to Rs 173 crore - for the quarter ended June 30, 2021, compared to the corresponding period a year ago. It recorded an increase in other income to Rs 195 crore in the first…

The Indian bank said that, in accordance with RBI guidelines, it has introduced a positive payment system for checks ₹ 2 lakh and above from January 1 and that it will now be mandatory from August 15. The…

Bombay: Union Bank of India, a state-owned company, restructured retail loans of ₹So far, 6,557 crore or 5.2% of its retail loan portfolio under the two tranches of the Reserve Bank of India's (RBI) Covid-19…

The second wave of COVID-19 has intensified pressure points for small and mini NBFCs, as they did not benefit from the RBI liquidity measures announced last year, according to a report.About 5.75 lakh crore of liquidity was…

American Express Banking Corp India has told the Reserve Bank of India that it will comply with data localization standards. The RBI in April this year banned American Express from bringing new domestic customers onto their card networks…

There could be a significant impact on the profitability of the Indian banking system, as inflation data for May and June 2021 exceeded the Reserve Bank of India (RBI) target corridor, in turn putting pressure on the curve.…

The Indian government has assured that COVID-19 vaccines will be provided to all by December 2021. The Asian Development Bank (AfDB) lowered its growth forecast for India for this year to 10% on Tuesday, from 11% expected in…

Having obtained a license from the Registrar of Companies, the Association of Indian Banks (IBA) will soon forward a request to the Reserve Bank of India (RBI) to establish a National Asset Reconstruction Company Ltd (NARCL) or a bad…

Banks and other financial institutions have played an important role in strengthening the country's economy. The Indian economy had been devastated due to prolonged slavery. At the time of independence, the country was dominated by…

Amid disruption from the second wave of the pandemic, the country's largest private lender, HDFC Bank, on Saturday reported lower than estimated net profit of Rs 7,730 crore in the June quarter as the quality of bank assets…

Banks will remain closed in several Indian states for the next five days, according to the Reserve Bank of India (RBI) calendar notification. Notably, banks closed on Saturday and will remain closed until July 21, 2021, due to various…

Loans to individuals, or loans to individuals, may soon become the most important segment of the Indian credit market, removing the first place from industrial loans. Loans in the retail segment have…