Page 46 - Rbi

Banks not in a hurry to hike interest rates on deposits despite price rise

Year-on-year growth in deposits till early June 2021 has been 9.7 per cent while credit growth is only 5.7 per cent.

What's in store for PMC depositors

They will probably get their money back through staggered payments, and part of it can be converted into equity.

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31

There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank

RBI holds back selling 10-yr bond indicating advent of new benchmark paper

Govt has raised over Rs 1.19 trillion against existing bond, a limit after which a new paper is issued to ease redemption pressure

Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more

Business Standard brings you the top news of the evening

Top headlines:RIL to invest in clean energy; RBI tightens norms for NBFCs

Business Standard brings you the top headlines on Friday

Top headlines: Aramco chairman to join RIL board; Microsoft shows Windows11

Business Standard brings you the top news of the evening

Household savings slide in third quarter amid Covid-19 pandemic cloud

The ratio of household (bank) deposits to GDP declined to 3 per cent in the third quarter from 7.7 per cent in the previous quarter

Top headlines: E-com flash sale banned; Airtel ties up with Tata for 5G

Business Standard brings you the top headlines on Tuesday

Best of BS Opinion: Mobility is not enough, upsurge in GST revenue & more

Here are the top BS Opinion pieces of the day

Bank credit grows by 5.7% to Rs 108.43 trillion; deposits by 9.7%: RBI

Bank credit grew by 5.74 per cent to Rs 108.43 lakh crore and deposits rose by 9.73 per cent to Rs 153.13 lakh crore in the fortnight ended June 4, 2021, RBI data showed.

State-owned banks likely to see lower gains in bond book in FY22: Icra

Limited headroom for yields to decline further, says rating agency

1991 recap: Van with gold on the way to BoE broke down at Tardeo, Mumbai

The most important point, which the RBI should explain to the country - but doesn't - is that government gold and RBI gold are very different when it comes to using it for getting foreign exchange

Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route

Approval given in accordance with the offer made by Centrum to take over the beleaguered Punjab and Maharashtra Cooperative Bank

MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven

Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings

MPC: Support from all sides needed to nurture economic recovery, says Das

RBI governor said pace of vaccination and the speed with which the second Covid wave can be brought under control will have considerable bearing on the inflation trajectory, show MPC minutes

Govt should provide Rs 3-trn stimulus to perk up domestic demand: CII

Industry body also seeks expansion of RBI balance sheet to meet demand exigencies, suggests ways to accelerate Covid vaccination

HDFC Bank says working with RBI for restarting banned services

In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services

RBI 'cautiously optimistic' about economic recovery after Covid second wave

Second Covid wave shaved off Rs 2 trn from FY22 output, says central bank in 'State of the Economy' report in its June bulletin

Inflation persistence vis-a-vis low growth, RBI has limited choice: Report

Driven by several global and domestic factors, inflation may remain elevated in the coming months, State Bank of India's research division said on Wednesday