Banks general
Finance ministry proposes Rs83,000-cr PSB recapitalisation
21 Dec 2018
Interestingly, the Rs1,06,000 crore funds needed to recapitalise these NPA- and scams-hit banks will have to come from RBI itself, which the finance ministry hopes to come in the form of an interim dividend
Now government wants interim dividend from RBI
20 Dec 2018
According to earlier reports, the government is seeking 3,60,000 crore out of RBI’s over 9,00,000 crore reserves, which include gold, foreign currencies, SDR, sovereign bonds etc
PSBs seek roll-back of Rajan-Urjit regulations
14 Dec 2018
Public sector banks are in a strange situation with 11 of the 21 PSBs under prompt corrective action (PCA) and face restrictions on their lending activity, which in turn make their turnaround more difficult
Govt mulls Rs4,00,000-cr loan waivers to win back rural votes
12 Dec 2018
With elections round the corner, the Narendra Modi-led NDA government has no other option than fall back on the easy option of writing off farmers’ loans
London court orders extradition of Vijay Mallya
10 Dec 2018
The matter of extradition of Vijay Mallya to India has been referred to the Secretary of State and any decision on repatriation will have to be approved by the UK government
RBI to trim banks’ liquidity reserve ratio to 18% in 6 quarters
06 Dec 2018
Since the reduction in SLR from 19.5 per cent to 18 per cent will limit banks’ need for government securities, finance ministry officials say the measure that will help release over Rs1,00,000 crore of liquidity into the system will have some implications for the government securities
RBI keeps policy repo rate unchanged at 6.5%
05 Dec 2018
The RBI noted a declining trend in consumer price inflation with year-on-year inflation falling from 3.7 per cent in September to 3.3 per cent in October, pulled down by a large fall in food prices
Defaulters find IBC a stumbling block to loan write-downs: RBI
05 Nov 2018
A debtor-friendly environment had in part contributed to the ever-increasing stressed assets in the banking system, RBI deputy governor N S Viswanathan said, adding that when creditors know that they have weak rights, they are averse to lend
FM Jaitley returns fire, blames RBI for lending excesses
30 Oct 2018
While RBI has been pushing hard to clean up a banking system that’s saddled with bad debts, finance minister Jaitley opted to criticise the central bank over banks’ loan excesses, saying “it looked the other way when banks gave loans indiscriminately during 2008 to 2014”
HDFC Bank’s Q2 net vaults 20.6% to Rs5,005.73 cr
22 Oct 2018
RBI keeps policy repo rate unchanged at 6.5% amidst rupee fall
05 Oct 2018
In fact, RBI had noted some liquidity mismatch as the daily net average surplus of Rs20,100 crore during early August moved into deficit during end-August and then into a surplus during early September before moving into a deficit during end-September, which prompted the RBI to inject Rs20,000 crore of durable liquidity through bond purchases
Sandeep Bakhshi is new MD & CEO of ICICI Bank, Chanda Kochhar quits
04 Oct 2018
Chanda Kochhar, who has been facing an external enquiry against her in the Videocon loan matter, sought an early exit from the position, ICICI Bank said
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