Page 29 - Rbi

Shaktikanta Das 2.0: Lifting the skills of RBI staff to be the real legacy

Making RBI's professional skills comparable to the best in the world will not be easy because those who have to be supervised the most - the PSBs - are owned by the govt, which also owns the RBI

10 key events, policy decisions during Shaktikanta Das' first stint at RBI

Here are the 10 important events, policy decisions that Das undertook after becoming the 25th governor of the RBI on Dec 12, 2018

Extension given to the RBI governor is good for the markets

While it is true that institutions are more important than the person, ideology and approach of Governors of central banks are important

Family can pull out of gold scheme in case depositor dies, says RBI

Investor's heirs need not wait any more for lock-in period to expire

Who is my regulator?

RBI's recent actions against auditors highlight the need for role clarity as well as coordination among regulators

PayU launches 'PayU Token Hub' to help businesses comply with RBI norms

Solution has been built by PayU and Wibmo, a PayU-owned full stack global PayTech firm, in partnership with major card networks such as Visa and MasterCard, and top issuing banks

Sharpest stock slump in six months: Factors that caused markets to crash

The S&P BSE Sensex slid 1.9% in its biggest loss since April 30

BS BFSI Summit: SFBs should look beyond universal licence, says R Gandhi

Ex-RBI deputy governor says they must become financial conglomerates

RBI approves appointment of Baldev Prakash as J&K Bank MD & CEO

Jammu & Kashmir Bank on Wednesday said the Reserve Bank has approved the appointment of Baldev Prakash as its next Managing Director and CEO from the next year. The Reserve Bank of India has vide letter dated October 26, 2021 accorded approval to the candidature of Prakash as MD & CEO of the Bank for a period of three years from the date of taking charge or April 10, 2022, whichever is earlier, J&K Bank said in a regulatory filing. The state-owned lender will separately inform about the appointment of Baldev Prakash as MD & CEO by its board and the actual date of assuming charge by him. Prakash has over 30 years of experience in banking in various roles at small and large size branches at SBI. He had joined SBI as a probationary officer in 1991 and he is currently the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai. Presently, RK Chhibber is the Chairman and Managing Director of J&K Bank, who assumed charge of the bank in

India's import cover fell to 15.8 months in June 2021, says RBI

At the end of September 2021, India's foreign exchange reserves stood at 635.36 billion

Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report

The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday

MFIs shouldn't sacrifice social mandate at altar of growth: RBI dy governor

M Rajeshwar Rao urges them not to forget sector's original mandate of financial inclusion, as over-indebtedness by borrowers, coercive recovery would roll back gains achieved over the years

Banks process nearly 2 mn e-mandates for auto-payment after RBI order

Industry estimates recurring transactions at 2.5% of total volume, and 1.5% in terms of value. Of these, 75% domestic transactions, and 85% international are below Rs 5,000

Banks must be ready for fully convertible capital account: RBI Dy Governor

Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar

What is Capital Account Convertibility? Is India ready for it yet?

India is on cusp of complete Capital Account Convertibility. While this may lead to rise in FPI inflows, there are a few red flags the govt and RBI need to address. Let's look at those in this report

Related-party deals on the rise, auditors must be alert: RBI governor Das

RBI governor's statement follows two-year ban on Haribhakti & Co from conducting audits

BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan

Says RBI deserves part of the credit because of strong regulatory framework

Peanut penalty and reputation risks for banks

Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for travelling without a ticket on a Mumbai local?

Four-tier scale-based regulatory guidelines for NBFCs from Oct 2022: RBI

Regulator limits IPO financing at Rs 1 cr per borrower

Growth recovering, but external shocks pose biggest risk to prices: MPC

There is a slack in the economy, and the RBI governor expected it to exceed the pre-pandemic level of output only in the third quarter of 2021-22