Page 38 - Rbi

RBI issues direction on compensation of private banks' top officials

RBI said fair value of the share-linked incentives paid to officials by the private banks should be recognised as an expense during the relevant accounting period

A precarious pragmatism

Without the road map that an economic ideology provides, govt's search for practical ways out of specific problems has led it to appear erratic and inconsistent

RBI launches surveys to get inputs for monetary policy

RBI on Saturday announced the launch of the next round of households surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its monetary policy.

RBI raises incentive for banks for distribution of coins to public

The Reserve Bank of India has increased incentives for banks for the distribution of coins to the general public to Rs 65 per bag with effect from September 1.

Slack in economy, not the right time to change policy course: RBI Governor

Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels

RBI holds talks with SFBs on enhanced board oversight, risk management

Analysts say while most SFBs set up robust networks the past 3-4 years, they were hit badly by Covid-19 pandemic, and will need time to ramp up CASA deposits and secured credit

India's foreign exchange reserves slide by over $2.47 billion

India's foreign exchange reserves fell by $2.470 billion, during the week ended August 20

Rupee appreciates sharply ahead of Fed Chair speech as RBI steps aside

Closes Friday at 73.6950 to the dollar against its previous close of 74.2225, up 0.73 per cent, the highest since June 17

RBI imposes Rs 6 crore penalty on four White Label ATM operators

The RBI on Friday said it has imposed penalties totalling Rs 6 crore on four White Label ATM operators for deficiencies in regulatory compliance

Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday

The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from August 30, has been fixed at Rs 4,732 per gram of gold, the RBI said

Remittances to Nepal: RBI hikes per transaction cap to Rs 2L from Rs 50,000

Reserve Bank on Friday hiked the ceiling on remittances per transaction from India to Nepal to Rs 2 lakh from Rs 50,000

RBI fines five payment system cos for breach of escrow, KYC and other norms

While Transaction Analysts (India) takes Rs 3 cr hit, four white label ATM operators suffer Rs 1-2 cr penalties

Eye on retail, SME credit as public sector banks prepare for festivals

Banks to ramp up efforts during outreach programme

RBI imposes penalty on 2 co-op banks, 1 NBFC for compliance deficiency

The Reserve Bank of India (RBI) on Thursday said it has imposed penalties on two co-operative banks and a non-banking financial company (NBFC), for deficiencies in certain regulatory compliance.

Barely 1% of investment-grade firms keen on RBI's loan recast 2.0: Crisil

Of those inclined to seek restructuring, 95% are sub-investment grade; Crisil qualified views by saying these are preliminary readings from its survey

RBI extends PIDF scheme to street vendors under PM SVANidhi programme

Reserve Bank on Thursday extended the scheme for encouraging deployment of Point of Sale (PoS) infrastructure to street vendors covered under the PM SVANidhi programme in tier 1 and 2 centres.

RBI promotes Ajay Kumar as Executive Director effective August 20

Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director

PhonePe gets in-principal nod from RBI to operate as an account aggregator

Account aggregators are responsible for providing services based on the explicit consent of individual clients, which includes the transfer, but not storing, of a client's data

Working with RBI to ensure customers don't have to key in card number: PCI

The RBI's new rules are supposed to kick in from January 2022

Time to reassess monetary policy positions

Although the pandemic is unlikely to end immediately, its impact on economic activity would slowly wane