Page 43 - Rbi

Personal loans register accelerated growth of 11.9% in June 2021: RBI

Non-food bank credit growth stood at 5.9 per cent in June compared to 6 per cent in the year-ago period, according to RBI data released on Friday.

RBI cancels licence of Madgaum Urban Co-operative Bank Ltd, Margao

The RBI further said that as per the data submitted by the bank, about 99 per cent of the depositors will receive full amounts of their deposits

RBI fines Axis Bank Rs 5 crore for non-compliance with certain rules

The action, RBI clarified, was based on the deficiencies in regulatory compliance

West Bengal govt raises Rs 2,500 crore at 6.99% in RBI auction

The West Bengal government has raised Rs 2,500 crore in state development loans at 6.99 per cent in the latest auction held by the Reserve Bank of India, official data showed.

Digital payment index for March rises to 270.59, indicating rapid adoption

Digital transactions grew steadily throughout FY21, retail payments like UPI, IMPS and NACH showed resilience and healthy growth

Libor shift: The bank plan to move to alternative reference rates explained

Corporate bond spreads widen 30-35 basis points in July over G-Sec

Corporate bonds are driven mainly by two factors - domestic liquidity and foreign portfolio flow

Retail credit getting traction, but may remain below pre-Covid levels

According to the RBI data, in the pre-pandemic phase in 2019-20, year-on-year growth in retail credit was 16.6 per cent in June 2019

Reserve Bank of India's central board short of 9 non-official directors

The central board of the Reserve Bank of India (RBI) is facing shortage of nine non-official directors, including seven from the category of people of eminence from various fields. The central board is the highest decision making body of the apex bank headed by the RBI governor. According to the RBI Act, the government nominates 10 eminent persons from various fields to the central board of the RBI, besides four directors (one from each of the four local boards). The government is yet to appoint seven non-official directors from the category of people of eminence from various fields while representations from local board from western and southern areas are missing. Currently, only three eminent personalities -- Tata Sons Chairman Natarajan Chandrasekaran, seasoned banker S K Marathe and chartered accountant and RSS ideologue Swaminathan Gurumurthy -- are serving the central board. They are nominated under Section 8(1)(c) of the RBI Act, 1934, according to the RBI's website. With .

RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh

Said unless sanctioned by board or management committee, banks should not grant loans of Rs 5 crore or more to relatives other than spouse and dependent children of their top brass

Low cut-off yield sees newly-launched 10-yr bond devolve in second auction

Of the Rs 14,000 crore of bonds on offer, RBI made the primary dealers, or the underwriters buy Rs 11,144.145 cr

Foreign exchange reserves zoom to record high of $612.73 bn: RBI data

The country's foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed.

Top headlines: Zomato market debut on Friday; RBI to launch digital rupee

Business Standard brings you the top news stories of the evening

RBI eyeing 'phased introduction' of digital currency: Deputy Governor

RBI is working on a phased implementation strategy for its own digital currency and is in process of launching it in wholesale, retail segments, RBI Deputy Governor T Rabi Sankar said on Thursday.

IDFC soars 19% as RBI allows company to exit as promoter of IDFC First Bank

IDFC stands to benefit as a reverse merger could help unlock shareholder value, removing the holding company discount, ICICI Securities said in a note

PSBs' loan write-offs twice as much as govt's capital infusion in 7 years

RBI data shows, loans written-off by the private sector banks were much lower than their public sector counterparts

Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial

With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player

Banks once again move top court to keep inspection reports hidden

The inspections are done by RBI and not even bank staff, except top brass, are allowed to see it. But a 2015 SC ruling telling RBI to make the reports available under RTI changed all that

India Inc's overseas direct investment in June doubles at $2.8 bn

The overseas direct investment of domestic companies more than doubled to $2.80 billion in June this year, according to RBI data

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.