Page 39 - Rbi

RBI extends tokenisation services to IoT devices

Tokenisation refers to generating random numbers instead of the actual card numbers keyed in during transactions.

RBI imposes Rs 15 lakh penalty on Baghat Urban Co-operative Bank, Solan

The RBI on Wednesday said it has imposed a penalty of Rs 15 lakh on The Baghat Urban Co-operative Bank Limited, Solan, for violation of certain norms, including, those related to NPA classification

RBI okays Hitendra Dave as HSBC India head for three years starting Aug 24

Dave is a General Manager within the HSBC Group and a member of the Asia Pacific Executive Committee of HSBC

RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

The shareholders at the annual general meeting held on August 9, 2019, had already approved the appointment of Bakhshi for a period effective from October 15, 2018, upto October 3, 2023

RBI panel suggests umbrella body for helping smaller UCBs scale up

Says large UCBs that cannot function fully as a bank be treated like SFBs

RBI's forex reserves set to top $655 billion by March 2022: Report

As central bank continues to increase forex reserves by running down forward book which totalled $42 billion as of end-July, signalling its strong resolve to build a bigger reserve

RBI appointed panel suggests 4-tier structure for Urban Co-operative Banks

It has suggested that the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for them could vary from 9 per cent to 15 per cent and for Tier-4 UCBs the Basel III prescribed norms.

Customers in limbo as banks, payments firms, RBI seek to settle 2 issues

Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.

It's 'extremely critical' for MPC to maintain credibility: Jayanth Varma

Central bank is risking making inflation entrenched with its easy money policy, says dissenting member of Monetary Policy Committee.

RBI can pare excess liquidity even if stance is accommodative: Ashima Goyal

In a Q&A, Goyal, a member of RBI's Monetary Policy Committee, says reducing excess liquidity is at RBI's discretion and MPC members can only offer advice

Banks recast loans worth Rs 35,000 crore under RBI's second scheme

Retail and loans to micro, small and medium enterprises have the largest share in the two schemes combined

Taper may push yields on domestic bonds upwards: Arun Srinivasan

Arun Srinivasan, senior executive vice president and head of fixed income, ICICI Prudential Life Insurance says 10-year G-sec benchmark may inch closer to 6.40-6.45 per cent by 2021 end

Cap on term deposit while opening bank locker will end arbitrariness

Your bank will bear limited liability for the contents of your locker, so buy insurance

Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts

The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer

RBI issues revised norms for hiring of bank lockers: Check details here

Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees

RBI to buy Rs 5,000 cr of bonds from secondary market under G-SAP on Aug 26

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds

Beyond bank accounts

Protect investor confidence to increase financial inclusion

HDFC Bank can rally 11% to a new high of Rs 1,750, suggest tech charts

Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high

HDFC Bank shares gain as RBI lifts curbs on new credit card issuances

Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards. With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new credit cards, its shares climbed 1.61 per cent to Rs 1,539.10 apiece after opening at Rs 1,550. The scrip touched an intra-day high of Rs 1,564.75 apiece on the BSE. The market capitalisation stood at Rs 8,51,282.53 crore. On the NSE too, similar trends were witnessed as the shares gained 1.60 per cent to Rs 1,538.95 and reached an intra-day high of Rs 1,565.35. The scrip opened at Rs 1,556.70 apiece. In a regulatory filing on Wednesday, HDFC Bank said the Reserve Bank of India (RBI), through its letter dated August 17, has relaxed the restriction placed on sourcing of new credit cards. The central bank had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking/

HDFC Bank gains 3% as RBI allows lender to issue new credit cards

However, RBI's ban on the bank introducing new digital initiatives will continue