Search For "reserve bank of india rbi"
Economy showing sign of stability, but recovery to be gradual: RBI Governo
Updated : 5 years, 9 months ago IST
New Delhi [India], Sep 16 (ANI): India's economic recovery is likely to be gradual as the country is still reeling from the impact of coronavirus (Covid-19) and rising infections continue to pose a risk, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.
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Shares of Lakshmi Vilas Bank jump 10 pc after merger talks with Clix Group
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): Shares of Lakshmi Vilas Bank jumped by nearly 10 per cent on Wednesday morning after the troubled private sector lender said that mutual due diligence process for merger with Clix Group is substantially complete and both parties are in discussions
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RBI asks banks to ensure automation of NPA identification
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 14 (ANI): The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) identification.
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RBI issues new compliance guidelines for banks
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 11 (ANI): The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers (CCOs) follow the best industry practices as required by supervisory expectations.
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RBI issues revised PSL guidelines to increase credit penetration
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 4 (ANI): The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas and increase lending to small and marginal farmers besides weaker sections.
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FM Sitharaman asks banks to roll out loan resolution schemes by mid-Septem
Updated : 5 years, 10 months ago IST
New Delhi [India], September 3 (ANI): Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.
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Delhi HC adjourns to September 8 plea to extend moratorium, provide financ
Updated : 5 years, 10 months ago IST
New Delhi [India], September 3 (ANI): The Delhi High Court on Thursday adjourned to September 8 hearing on a petition seeking direction to the Central government and Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loans and credit cards for another 12 months
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Q1 GDP growth contracts by 23.9 pc as COVID-19 cripples economic activitie
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 31 (ANI): The Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY21) as COVID-19 pandemic compressed consumer demand and private investments, government data showed on Monday.
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RBI announces more measures to foster orderly market conditions
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 31 (ANI): The Reserve Bank of India (RBI) will conduct additional special open market operations involving the simultaneous purchase and sale of government securities for Rs 20,000 crore in two tranches of Rs 10,000 crore each.
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Centre gives two options to states on GST compensation
Updated : 5 years, 10 months ago IST
New Delhi [India], Aug 27 (ANI): The Centre on Thursday gave two options for compensating states on the Goods and Services Tax (GST) to bridge revenue shortfall as the economy faces a prospect of contraction in current fiscal year due to COVID-19 crisis.
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Resolution framework to give durable relief to borrowers facing COVID-19 r
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 27 (ANI): While the Reserve Bank of India's (RBI's) moratorium on repaying loans was a temporary solution in the context of COVID-19 lockdown, the resolution framework is expected to give a durable relief to borrowers facing the pandemic-related stress, Gove
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RBI calls for wide-ranging reforms to offset COVID-19 losses
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Aug 25 (ANI): Declining capacity utilisation, weakening of consumption demand and overhang of stressed balance sheets are restraining new investments, the Reserve Bank of India (RBI) said on Tuesday while calling for wide-ranging reforms to regain losses due to
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