Page 74 - Latest Updates on Reserve Bank of India
Early implementation of RBI panel proposals will give us time to list: SFBs
The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term
 "Early implementation of RBI panel proposals will give us time to list: SFBs")
Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence
A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage
 "Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence")
Banking reforms: The real metrics
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
 "Banking reforms: The real metrics")
Three messages from the Lakshmi Vilas Bank deal
It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt
 "Three messages from the Lakshmi Vilas Bank deal")
RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja
Applauding RBI's recommendation to increase the shareholding of bank's promoters in the bank, Ashok Hinduja said it rightfully puts a greater onus on the promoter-shareholders to exercise oversight
 "RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja")
RBI becomes world's 1st central bank to reach 1 mn followers on Twitter
With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone
 "RBI becomes world's 1st central bank to reach 1 mn followers on Twitter")
BoM expects only Rs 1,000-1,500 crore loan book to be restructured
State-run Bank of Maharashtra is expecting only Rs 1,000 to 1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India's scheme before December 31
 "BoM expects only Rs 1,000-1,500 crore loan book to be restructured")
Lakshmi Vilas Bank failed and this time India is getting a rescue right
India called upon called upon a foreign institution to take over Lakshmi Vilas Bank's assets and liabilities. That should stoke interest of other global banks
RBI panel suggests hike in promoter stake cap to 26%, non-promoter to 15%
These are among the key recommendations made by the internal committee of the RBI, set up to review the extant ownership guidelines and corporate structure for private banks in the country.
RBI likely to get US Federal Reserve-like powers of supervision
The stage may now be set for another tweak to the central bank's specialised supervisory and regulatory cadre
 "RBI likely to get US Federal Reserve-like powers of supervision")
RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks
Payments banks can convert into SFBs with 3 years' experience instead of 5, recommends RBI panel
 "RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks")
Reducing promoter stake in private banks: RBI panel for nuanced approach
The RBI committee has recommended doing away with one size fits all approach to private banks' ownership
 "Reducing promoter stake in private banks: RBI panel for nuanced approach")
Banks lend over Rs 65,000 crore to commercial sector in a fortnight
The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India
 "Banks lend over Rs 65,000 crore to commercial sector in a fortnight")
Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS
This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement
 "Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS")
RBI to conduct simultaneous purchase, sale of govt securities next week
The RBI further said it reserves the right to decide on the quantum of purchase/sale of individual securities.
Bank Employees' Association wants LVB to be merged with a PSU bank
RBI's role should be thoroughly probed, says AIBEA
 "Bank Employees' Association wants LVB to be merged with a PSU bank")
The crisis at Lakshmi Vilas Bank and how does it impact you? Explained
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
There is no need to panic, depositors' money safe: LVB administrator
ATMs to be operational from today
 "There is no need to panic, depositors' money safe: LVB administrator")
The rescue act
LVB's bailout plan could have come earlier
Clix getting controlling stake after merger with LVB may have hurt deal
AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience
