"rbi"

The country adopted the FIT framework in 2016, and the next review of the inflation target is due before March 31, 2021

He said the heavy fall in markets, followed by quick gains on the equity benchmarks since the onset of the pandemic is the sharpest V-shaped recovery in the last 30 years.

With bad loans set to move to the proposed ARC, banks can turn their focus back on lending to MSMEs

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers.

"The details are being worked out. I have made the announcement but we are working together with the RBI," she said, when asked about the proposal.

Cyberabad CP Sajjanar and officers of Hyderabad, Cyberabad and Rachakonda police commissionerates dealing with the instant loan app frauds held a coordination meeting with the RBI-appointed officials on Friday.

The government last week moved to ban private cryptocurrencies.

RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.

SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.

The development follows recent outage in the bank's internet banking and payment system on November 21, 2020 due to a power failure in the primary data centre.  

On a standalone basis, the country's second largest private sector lender by assets showed a 19.12 per cent rise in the post-tax profit at Rs 4,939.59 crore for the reporting quarter

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

He, however, did not share details on the Covid-related loan restructuring for SBI citing the silent period ahead of the results.

The RBI made the remarks in a booklet titled "Payment and Settlement Systems in India" released this week.

Total income of the bank fell to Rs 22,070.52 crore during October-December period of 2020-21 from Rs 23,134.67 crore in the year-ago quarter, Bank of Baroda said in a regulatory filing.

The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.

Pension scheme for cooperative bank staff, assures NAFSCOB chief

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'.

There have been reports about individuals/small businesses falling prey to the growing number of unauthorised digital lending platforms/Mobile Apps

RBI Governor asked banks to exploit the current conditions to augment capital and also alter their business models, which will help in the future