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By B Yerram Raju Urban Cooperative Banks (UCBs) form an important part of Indian banking and occupy about 7.5% of the financial sector space. Despite the failure of a few UCBs like Krushi, Charminar, and the PMC Bank lately, recognising the need for reforms in them as part of mainstream banking, the Reserve Bank of […]
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Hyderabad: It’s official now! The BJP government at the Centre has admitted that additional Central assistance in the form of loans for externally-aided projects in Telangana was going south while grants were nil for the past four years since 2017-18. The revelation by Union Minister of State for Finance Pankaj Chaudhary in Parliament on Monday […]
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Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval, subject to fulfilling of certain regulatory capital requirements. At present, banks incorporated in India can infuse capital in their overseas branches and subsidiaries, retain profits […]
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New Delhi: The government is likely to bring a bill in the ensuing winter session of Parliament to bar all but a few private cryptocurrencies and create a framework to regulate digital currency issued by the RBI. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha […]
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With the Reserve Bank of India (RBI) taking a rather tough stand on cryptocurrencies, a question mark hangs over the fate of the unregulated virtual currency market. When RBI Governor Shaktikanta Das dubbed the cryptocurrencies as a threat to the financial system, at least till they are regulated, he was echoing the concerns raised by […]
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Five years on, demonetisation neither punished the corrupt nor did it help create a more equal society
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This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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Hyderabad: Just seven years into existence, Telangana, rising from being a parched poverty-ridden region, has emerged as the fourth largest contributor State to the country’s economy, says the Reserve Bank of India’s Handbook of Statistics on the Indian Economy 2020-21. The report said the Net State Value Added (NSVA) by Telangana at current prices to […]
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Just a flattening of infection curve will not lead to restoration of normal growth trajectory
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The differentiating aspect of the current monetary policy review is the convincing optimism that can propel market sentiments
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Markets have adapted and even welcomed the VRRR in view of the higher remuneration it offers relative to the fixed rate overnight reverse repo.
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In the previous Monetary Policy Committee (MPC) meeting in June, the RBI's CPI inflation projection for the current fiscal stood at 5.1 per cent.
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This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by M&M, Maruti, Bharti Airtel, Sun Pharma and NTPC.
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IMF scaling down India’s growth forecast is yet another grim reminder of the ongoing crisis and the tough recovery road ahead
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The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
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RBI's Financial Stability Report for July also noted that big tech offers a wide range of digital financial services and has a substantial footprint in the payment systems, crowdfunding, asset management
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The rate has been increased from 7.81 per cent that was applicable in the April-June quarter.
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Mumbai: Seeking to accelerate its general awareness campaign, the Reserve Bank of India (RBI) has started looking for an entity that can develop multimedia publicity material in 14 languages. The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, […]
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The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.
