Page 52 - Rbi

RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1

For promoter CEO the limit is 12 years, says RBI as part of its latest guidelines

RBI turns net seller of US dollars in February, sells $1.219 billion

The Reserve Bank turned net seller of the US dollar in February 2021, offloading $1.219 billion in the spot market, RBI data showed on Monday

'Not more than 15 years': RBI's new guidelines for tenure of bank MDs, CEOs

The circular will not be applicable to foreign banks operating as branches in India

No immediate worry about solvency due to surge in Covid claims: Irdai chief

Irdai Chairman Subhash Chandra Khuntia talks to Subrata Panda on a range of subjects including shareholding of banks in insurance firms

RBI nod for Atanu Chakraborty as part-time chairman of HDFC Bank

The meeting of the board of directors will be convened in due course to appoint Chakraborty as chairman and ad­di­tional director

One-month dollar-rupee forward rate curve inverts on arbitrage bets

Many players are utilising these arbitrage opportunities, even as currency dealers say this is temporary

ICICI gains at HDFC Bank's expense, issues 665,000 incremental credit cards

The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers

Top headlines: HCL Tech Q4 net dips 6%; RBI restricts Amex, Diners Club

Zydus Cadila gets DCGI nod for hepatitis drug to treat Covid patients, Modi calls for utilising industry's full potential to meet oxygen demand, and other top news of the day

Forex reserves jump $1.193 billion to $582.406 billion: RBI data

The country's foreign exchange reserves rose by USD 1.193 billion to reach USD 582.406 billion in the week ended April 16, RBI data showed on Friday.

SC refuses to stay Telangana HC order on RBI's fraud classification

However, it allowed the parties to file replies and rejoinders and listed the matter on July 13

MPC: Covid surge biggest challenge to ongoing economic recovery, says Das

The RBI governor also said that global financial markets have turned volatile over inflation fears in advanced economies and rising commodity prices, posing risks to the domestic outlook

Fresh, tailor-made stimulus package needed to fight second Covid wave

The impact of restrictions will be felt on retail loans-banks as well as NBFCs and HFCs

Forex reserves surge by $4.34 billion to $581.21 billion: RBI data

This comes after it declined for two consecutive quarters

RBI to set up Regulations Review Authority from May 1 for one year

RRA, set up to review/seek suggestions on simplification, ease of implementation of regulations, to be led by M Rajeshwar Rao

India's 10-year yield spikes as RBI bond-purchase results disappoint

RBI purchased Rs 25,000 cr worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying Rs 1 trn worth govt paper between April and June

RTGS money transfer facility to be unavailable for 14 hours on Sunday: RBI

The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said.

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines

March inflation rises to four-month high of 5.52% due to food, core prices

The development may prevent RBI's monetary policy committee from cutting policy rates unless growth really takes a hit due to regional lockdowns in 2021-22, experts say

No RTGS service for 14 hours on Apr 18, NEFT will be operational: RBI

RBI urged the member banks to inform their customers to plan their payment operations accordingly

One-fourth of bank loans in FY21 given in last fortnight of year: RBI data

Bank credit up 5.6% in FY21; Deposits surge 11.4%