Search For "reserve bank"
RBI calls for wide-ranging reforms to offset COVID-19 losses
Updated : 5 years, 6 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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RBI announces special OMO of purchase and sale of govt securities
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Aug 25 (ANI): The Reserve Bank of India (RBI) will again conduct simultaneous purchase and sale of government securities under the open market operation (OMO) for Rs 20,000 crore in two tranches of Rs 10,000 crore each.
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Extend moratorium period for repayment of loans, provide financial assista
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 24 (ANI): A petition was moved in the Delhi High Court on Monday seeking directions to the Central government and the Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loan and credit cards for another 12 months or until the COVID-19 sit
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Plea seeks action against Google Pay for alleged violation of guidelines,
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 24 (ANI): The Delhi High Court on Monday issued notice to the Centre, the Reserve bank of India (RBI) and others on a plea seeking action against Google Pay for allegedly violating RBI guidelines related to data localisation, storage and sharing norms.
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RBI moratorium on repaying loans should not be extended: PNB
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 24 (ANI): Punjab National Bank said on Monday that the moratorium on repaying loans till August 31 as announced by the Reserve Bank of India (RBI) should not be extended as green shoots are emerging in the economy.
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RBI unveils 5-year national strategy for financial education
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 20 (ANI): The Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years.
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Past instances of bank loan restructuring do not inspire confidence: Ind-R
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 19 (ANI): The recently announced loan restructuring guidelines for COVID-19 related stress will provide banks with an opportunity to keep viable accounts as standard in their books, India Ratings and Research (Ind-Ra) said on Wednesday.
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Gold loan relaxation of LTV norms to limit exposure appetite of banks: Ind
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 13 (ANI): Gold loan non-banking finance companies (NBFCs) are unlikely to be significantly impacted by the Reserve Bank of India's new guidelines allowing banks to lend up to 90 per cent of the gold value as prudent lending practices may demand lenders to be
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Refinancing needs to rise as NBFCs roll out restructuring plans: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 12 (ANI): The Reserve Bank of India's decision allowing lenders to restructure loans will increase their refinancing requirements, especially for non-banking banking companies (NBFCs), India Ratings and Research (Ind-Ra) said on Wednesday.
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India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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No common benchmark for reporting portfolio under moratorium creating disc
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 8 (ANI): The absence of a common benchmark for lenders for reporting loans under moratorium has led to mismatches between the data in financial stability report published by the Reserve Bank of India (RBI) and the reported data of individual banks, India Rat
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RBI's move on 90 per cent LTV on gold loans to heighten credit risk for ba
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 7 (ANI): Brickwork Ratings has said that an increase in loan to value (LTV) ratio to 90 per cent for borrowers increases the credit risk for banks as the collateral available in the form of gold ornaments or jewellery may not be sufficient to fully cover
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