Page 16 - Rbi

Reserve Bank of India likely to tweak norms to reduce MFI risk

RBI may tweak the qualifying assets threshold for microfinance institutions (MFIs) to 75 per cent of their net assets, compared with the current level of 85 per cent of net assets

RBI likely to move Trai, MeitY against unauthorised forex platforms

May seek invocation of clauses in major social media and search engines like FB, Google, etc to disallow adv content that is not compliant with local laws of their target audience

RBI red flags unauthorised forex trading platforms, warns of penalties

Cautions public against undertaking forex deals on unauthorised electronic trading platforms, or remit and deposit money for such transactions

Union Budget 2022: Govt borrowing plan may prompt reverse repo hike

15-40 bps raise likely in MPC meeting next week, say market participants

Budget 2022: India to join a small group of countries with digital currency

Till now, only nine of the 91 countries have launched a central bank digital currency

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

People investing in private crypto should understand that it is not having the authorisation of the government, says Finance Secretary T V Somanathan

Govt expects 27% lower dividend at Rs 74,000 cr from RBI and banks in FY'23

The government is expecting a 27 per cent lower dividend at Rs 73,948 crore from the Reserve Bank of India (RBI) and public sector banks and financial institutions in 2022-23. In absolute term, this is nearly 27,400 crore lower than the Revised Estimates (RE) of Rs 1,01,353 crore under the head of dividend or surplus of Reserve Bank, nationalised banks & financial institutions during the current fiscal. During the current financial year alone, the RBI has paid a dividend of Rs 99,122 crore. This dividend payout was for the financial year 2020-21 paid in May last year. As per the Budget document, dividends from public sector enterprises and other investments have also been pegged lower at Rs 40,000 crore as against RE of Rs 46,000 crore. Total dividend collection of the next financial year would be Rs 1,31,948 crore as against the RE of Rs 1,68,247 crore, as per the RE of 2021-22.

Economic upturn lifts credit boat in all segments in December: RBI data

Services sector shows traction on rise in loan to finance firms

Banks' non-food credit grows to 9.3% in December, shows RBI data

Banks' non-food credit accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the RBI

Top headlines: LIC gets IPO-ready, NBFCs brace for headwinds, and more

Business Standard brings you the top headlines at this hour.

RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd

he restrictions came into force from closure of business hours on January 28, 2022 (Friday)

RBI 'behind the curve' criticism: Patra says approach has served us well

Addressing criticism of the RBI being "behind the curve", Michael Patra said that so far, "the approach has served us well".

RBI asks people to follow safe digital banking practices amid rising frauds

The RBI observed that unscrupulous elements are defrauding people by using innovative modus operandi

Respect customs followed in each region of country: RBI on Tamil anthem row

Tamil Thaai Vazhthu had been declared as the State Song by the government mandating that those present, except for pregnant women and the differently abled, should remain standing during its rendition

TN politicians flay RBI staff for 'disrespecting' Tamil state song

Video of some RBI staff members defending their action in not standing when Tamil Thai Vazhthu was played has gone viral on social media invoking strong reactions from political leaders

PMC Bank's branches begin functioning as Unity SFB outfit from Tuesday: RBI

Unity SFB, which is a 51:49 joint venture between the Centrum Group and Bharat Pe, is making necessary arrangements to implement the provisions of the scheme of amalgamation, says RBI

PMC Bank branches to operate as Unity SFB branches from Tuesday: RBI

Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation.

Reserve Bank of India conducts variable repo rate auction of Rs 75,000 cr

The central bank offered Rs 75,000 crore of liquidity to the banking system against which banks bid for up to Rs 1.38 trillion

Reserve Bank of India imposes penalties on 8 cooperative banks

The RBI said penalties have been imposed for deficiencies in regulatory compliances

RBI to conduct overnight variable repo rate auction of Rs 75,000 cr today

The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore today.