BANKING

RBI mulls whether to shift loan pricing system to external benchmark

An efficient monetary transmission is a sine qua non for the successful pursuit of its objectives by any central bank. Over the past two decades, it has been the endeavour of the Reserve Bank of India to strengthen the monetary transmission proces

Need to swiftly restore public sector bank health: RBI dy governor

“We need soon a much more powerful plan – “Sudarshan Chakra” – aimed at swiftly, within months if not weeks, for restoring public sector bank health, in current ownership structure or otherwise,” said Reserve

Public sector banks need capital infusion

The public sector banks which are teetering under the burden of non-performing assets need help from the government in the form of capital support.   Former Reserve Bank of India (RBI) governor Raghuram Rajan has sai

Total cost of farm loan waiver about Rs 130,000 crore: RBI chief

 Beginning with Tamil Nadu in 2016, domino effects have spread in 2017 to several states and the total cost of farm loan waivers announced amounts to around Rs 1,30,000 crores, which is 0.8 percent of GDP, said Reserve Bank of India governor

Almost 99 percent of demonetised currency is back: RBI

As much as Rs 15.28 lakh crore out of Rs 15.44 lakh crore of the scrapped currency has come back, the Reserve Bank of India said on Wednesday. RBI released its annual report 2017 which said that the volume of notes in circulation con

India will soon have public sector banking behemoths

India will soon have a few robust and competitive public sector banks (PSBs) after the cabinet gave its approval to amalgamate PSBs.   The decision regarding creating strong and competitive banks would be solely base

“Stressed assets liquidation key to de-clog bank balance sheets”

Swift, time-bound resolution or liquidation of stressed assets will be critical for de-clogging bank balance sheets and for efficient reallocation of capital, said Reserve Bank of India governor Urjit Patel.   Addres

A fifth of Rs 29 lakh crore are NPAs

Banks have advanced a staggering Rs 29,46,060 crore to the industrial sector, of which Rs 6.93 lakh crore are non-performing assets (NPAs).   Finance minister Arun Jaitley

Reforms meaningful only if understood in proper perspective: Mundra

“Any intended reforms will be meaningful only if they are understood in proper perspective which all stakeholders have to value,” said RBI deputy governor SS Mundra while delivering his keynote address at the Governance Now, India Ba

Bank account number portability possible: RBI deputy governor

RBI deputy governor SS Mundra has spoken about the idea of ‘account number portability’, which he had first advocated a couple of years ago.   “Back then the concept might have appeared somewhat abs

Bad loan clean-up prospects at Indian banks improving: Fitch

Recent regulatory actions in India suggest the authorities are making a more concerted push to tackle banks` bad loan problems, says Fitch Ratings. "We believe that asset resolution will be a dominant theme in the sector over t

Rs 2.44 lakh crore NPAs sold to asset reconstruction firms: study

 The Asset Reconstruction Companies (ARCs) have been sold Rs 2.44 lakh crore worth of gross non-performing assets (NPAs) even as the current stock of stress in the Indian banking system is estimated at Rs. 11.80 lakh crore, according to an AS

India may soon have plastic banknotes

It has been decided to conduct a field trial with plastic banknotes at five locations of the country, said Arjun Ram Meghwal, minister of state in the finance ministry in the Lok Sabha.   The minister said th

Countries are printing more and more of currency: RBI deputy governor

     “As regards death of currency, it is not a new subject. It has been predicted right from early 1950s,” said R Gandhi, deputy governor Reserve Bank of India (RBI) at the “FinTech Confe

RBI looks at rationalising debit card transaction rate for merchants

The Reserve Bank of India (RBI) has sought public feedback the draft circular on rationalisation of Merchant Discount Rate (MDR) for debit card transactions. MDR is the rate charged to a merchant by a bank for providing debit and cr

RBI keeps repo rate unchanged

The Reserve Bank of India (RBI) on Thursday kept the repo rate, which is the short-term lending rate, unchanged at 6.25 percent. Repo rate is the rate at which the central bank of a country lends money to commercial banks in the eve

RBI cautions about Bitcoins

The Reserve Bank of India has cautioned about virtual currencies, including Bitcoins. The RBI advised that it has not given any licence / authorisation to any entity / company to operate such schemes or deal with Bitcoin or any virt

Demonetisation may delay Indian banks’ asset-quality recovery: Fitch

Demonetisation is likely to push back the recovery in Indian banks` asset quality, given the disruptive impact that cash shortages have had on the country`s large informal economy, said Fitch Ratings. Cash shortages caused by the de

Does cash transfer improve wellbeing of beneficiaries, asks expert

As cash transfer programs continue to grow as major vehicles for social protection, it is increasingly important to understand if these programs break the cycle of intergenerational poverty, or whether the benefits simply evaporate when the money

Decline in business sentiment: RBI survey

The Reserve Bank of India’s Industrial Outlook Survey has indicated a decline in business sentiments. This round of the survey was conducted during October-December 2016. The survey elicited response from 1,221 manufacturing c



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