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RBI prepares market for return to normalcy

RBI Governor's statement says, this process will be gradual, calibrated, and non-disruptive, while remaining supportive of the economic recovery

RBI begins policy normalisation; maintains status quo on rates

Retains accommodative stance, FY22 growth forecast; lowers inflation projection

Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei

The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group

Industrial loan growth turns negative in 2020-21 due to Covid: RBI data

Industrial loan growth, which has been decelerating during the last decade, turned negative for the first time during 2020-21 as economic activity slowed down in the aftermath of the Covid-19 pandemic

Forex reserves down by $1.169 billion to $637.477 billion

The country's foreign exchange reserves dipped by $1.169 billion to stand at $637.477 billion in the week ended October 1, RBI data showed on Friday

'Don't want to rock the boat': What MPC said after keeping rates unchanged

At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.

Economists, analysts see clear tapering signals in RBI moves

Economists and analysts are unanimous that the Reserve Bank has embarked on the long road to policy normalisation

NCLT admits RBI's applications to initiate IBC proceedings against Srei

NCLT appointed Rajneesh Sharma as an administrator of the Srei Group firms

Reviewing scheme to penalise banks for dry ATMs, says RBI

The scheme, which is aimed at ensuring availability of sufficient cash for the public through ATMs, has come into effect from October 1, 2021.

RBI dy guv says big tech's financial sector play in India under watch

Both Google Pay and Amazon have announced partnerships with lenders to accept deposits in the country through their mobile phone apps.

RBI keeps all liquidity windows for states open till Mar-end

Since the beginning of tpandemic and resultant higher borrowings, states have been paying higher interest to their bondholders trending close to 7 per cent all so far this fiscal.

Monetary policy highlights: Growth not at pre-pandemic level yet, says RBI

RBI Monetary policy highlights: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates

Select NBFCs to now have internal ombudsman on lines of banks: RBI Guv Das

With the objective of upping customer experience, the Reserve Bank on Friday announced an internal ombudsman scheme (IOS) to redress grievances at select non-banking finance companies (NBFCs)

India's central bank keeps rates on hold to support economic recovery

RBI's key lending rate or the repo rate was held steady at 4% while the reverse repo rate or the borrowing rate also stayed unchanged at 3.35%

Towards policy normalisation

A delay by RBI could increase risks

Lenders to make Rs 5,000-crore provisions for Srei bad loans, say bankers

The banks will set aside around 15 per cent provision for secured loans. It would be higher for unsecured credit

RBI-appointed Srei administrator assures job security to employees

Group to restart business soon; to focus on recovery

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7

Srei Infra Fin hits 5% lower circuit as RBI supersedes company board

RBI superseded the board of the company, which will be taken for insolvency proceedings owing to governance concerns and payment defaults by them

We hadn't expected such retaliation by bankers: Hemant Kanoria of Srei

In a Q&A, the promoter and former chairman of Srei Infra says the firm had moved the NCLT to facilitate payment, account was not stressed