"rbi"

Creation of actuarial credit risk reserve instead of a bad bank is a more feasible option

CCPA Chief Commissioner Nidhi Khare stated that 2,850 complaints pertaining to "transactions failed/cancelled but money not refunded" forming 20 per cent of grievances registered in the banking sector

In the previous week to December 18, the reserves had surged by $2.563 billion to a lifetime high of $581.131 billion

A current account deficit of $7.6 billion or 1.1 per cent of the GDP was recorded in the second quarter of 2019-20.

On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.

They lend money for short term and collect huge interest from borrowers, which is sometimes 23 per cent of the loan amount

In the fortnight ended December 6, 2019, bank credit had stood at Rs 99.35 lakh crore and deposits at Rs 131.06 lakh crore

As a pro-growth government, its intentions are in the right direction. It is, however, also important that it introduces other measures that have the potential to play a catalytic role.

However, the Monetary Policy Committee (MPC) of the central bank maintained the growth-oriented accommodative stance, thus opening up possibilities for more future rate cuts

The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).

UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.

RBI's order came days after the last instance of service outage across its digital banking channels, including internet banking, mobile banking and other payments

We have now shrugged off the negative impact of the pandemic and are moving towards a sustained high growth trajectory in the coming years, said Niti Aayog Vice-Chairman

The RBI will announce its monetary policy review on December 4

At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback.

During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds

The 94-year-old Lakshmi Vilas Bank (LVB) was profitable for 90 years and that the bank has been incurring losses for the past three years only, the association said

Former RBI Governor Raghuram Rajan, former DG Viral Acharya say IWG’s recommendation is best left on the shelf at this juncture

The achievement is impressive as the 85-year-old Reserve Bank was also a latecomer to the world of Twitter as it created the account only in January 2012.