Page 31 - Rbi

RBI warned Srei group repeatedly, Kanoria says it complied every time

Srei was one of the few top NBFCs in constant 'asset quality review' focus of RBI, even as the regulator never used that term for NBFCs

RBI authorises Karur Vysya Bank to collect direct taxes on behalf of CBDT

Karur Vysya Bank said it has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf, following the approval it received from the Reserve Bank

RBI issues small finance bank licence to Centrum-BharatPe consortium

The consortium will take over the assets and liabilities of Punjab and Maharashtra Co-operative Bank

Reserve Bank of India retains advisory committee on Srei group companies

On October 04, 2021, RBI had constituted a three-member panel to assist Rajneesh Sharma, Administrator in discharge of his duties

RBI issues revised operational guidelines on on-tap SLTRO scheme for SFBs

The Reserve Bank of India on Monday issued revised operational guidelines on the special long-term repo operations scheme for small finance banks

RBI imposes Rs 30 lakh penalty on Janata Sahakari Bank, Pune

The RBI on Monday said a penalty of Rs 30 lakh has been imposed on Janata Sahakari Bank Ltd, Pune for non-compliance with certain directions

RBI retains advisory committee on Srei group companies

The RBI on Monday said it has decided to retain the advisory committee of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) to advise the administrator in the operations of the two Srei group companies during the corporate insolvency resolution process. After superseding the boards of SIFL and SEFL last Monday, the Reserve Bank had appointed a three-member advisory committee to assist Rajneesh Sharma, administrator of the two crisis-ridden firms. The members of the committee are: R Subramaniakumar (Former MD & CEO, Indian Overseas Bank), T T Srinivasaraghavan (Former Managing Director, Sundaram Finance Limited), and Farokh N Subedar (Former Chief Operating Officer and Company Secretary, Tata Sons Limited). On October 8, the central bank had filed applications for initiation of corporate insolvency resolution process against SIFL and SEFL at the Kolkata Bench of the National Company Law Tribunal. In a statement on Monday, the RBI said upon admission of ...

RBI may hike rates in March qtr; coal and chip shortages a worry: Nomura

The brokerage upped its consumer price index (CPI) inflation target for 2022 to 5.2 per cent from 5 per cent earlier.

RBI Monetary Policy October 2021 report: 10 Key Takeaways

The RBI's monetary policy report has pegged GDP growth at 7.8% for FY23, assuming normal monsoon and full Covid vaccination. Let's take a look at the 10 most important takeaways from the report

TMS, Ep 17: Air India sale, RBI report, Qualcomm's 5G play, PF, and markets

After Air India sale, can Modi govt now do a Vajpayee on privatisation? How confident is Qualcomm India president about 5G play? When can EPFO users withdraw from their PF accounts? All answers here

FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

Return to normal

Higher liquidity is not helping the real economy

RBI's decision to supersede Srei's board will prevent domino effect:Experts

NCLT on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei Group firms and appointed an administrator to run the companies.

Monetary policy review: Rs 17.2-trillion liquidity bazooka

Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection

Montek Singh Ahluwalia: A combination of balance, optimism and resilience

Looking into yesterday while he assesses today, Ahluwalia retains his entrenched belief in India's ability to overcome

RBI-speak: Don't want to rock the boat when shore is visible, says Das

'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'

RBI to bring in framework for retail digital payments in offline mode

The central bank has enhanced the transaction limit under IMPS from Rs 2 lakh to Rs 5 lakh

RBI's fourth regulatory sandbox cohort is on prevention of financial frauds

The RBI has also decided to facilitate on-tap applications for themes of cohorts earlier closed

NCLT admits RBI application for initiating CIRP against Srei Infra

Rajneesh Sharma has been appointed administrator, but the order was not uploaded till the time of going to press

RBI monetary policy: Report pegs FY23's economic growth at 7.8%

Survey shows inflation to soften further