Central Bank

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Central Bank - Total results - 161
Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement
Business

Public sector banks' shares jump up to 10% on Rs 70,000 cr capital infusion announcement

Shares of public sector banks on Monday zoomed up to 10 percent after the government announced upfront capital infusion of Rs 70,000 crore into them

RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das
Business

RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das

While the RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.

Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19, says RBI's Financial Stability Report
Business

Despite NBFC crisis, financial system stable; NPAs fall sharply to 9.3% in FY19, says RBI's Financial Stability Report

On NBFCs, the regulator warned against potential stress and pitched for tighter regulation of the NBFCs and housing finance companies

Viral Acharya, RBI governor Shaktikanta Das had different takes on fiscal deficit front in June policy meet
Business

Viral Acharya, RBI governor Shaktikanta Das had different takes on fiscal deficit front in June policy meet

Acharya flagged fiscal slippages amidst missing tax collection targets and falling growth rates as an upside risk to inflation estimates

RBI confirms Deputy Governor Viral Acharya has resigned; quits 6 months before end of term
Business

RBI confirms Deputy Governor Viral Acharya has resigned; quits 6 months before end of term

Viral Acharya confirmed his departure from the RBI due to 'unavoidable pesonal reasons'.

RBI cuts interest rates by 25 bps to 5.75% third time this year to boost growth; changes stance to accommodative
Business

RBI cuts interest rates by 25 bps to 5.75% third time this year to boost growth; changes stance to accommodative

Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 percent Thursday and said its future monetary policy stance will be more accommodative

Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off
Business

Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off

To give a perspective, of the 18 PSBs now, at least eight have gross NPAs above 15 percent of their total advances. This means Rs 15 out of every Rs 100 they have lent have gone bad.

RBI's revised guidelines for resolution of stressed assets likely before 23 May; poll code may not impact issuance of new rules
Business

RBI's revised guidelines for resolution of stressed assets likely before 23 May; poll code may not impact issuance of new rules

Against the backdrop of the Supreme Court quashing an RBI circular, issued on 12 February, 2018, a revised set of rules is under works and would be released soon, they said.

RBI asks banks to disclose IL&FS provisions in Q4 accounts, says directions as per NCLAT's 25 February order
Business

RBI asks banks to disclose IL&FS provisions in Q4 accounts, says directions as per NCLAT's 25 February order

A slew of banks have hinted that exposures to IL&FS have impacted their profits in the past quarter as they made provisions towards this account.

SC quashes RBI’s 12 February circular: Judiciary has watered down India’s hard-won reform progress on quicker NPA resolution
Business

SC quashes RBI’s 12 February circular: Judiciary has watered down India’s hard-won reform progress on quicker NPA resolution

The judiciary should have let the RBI run the NPA clean up process in the way it deems fit but decided to meddle with the process.

RBI to unveil this fiscal's first bi-monthly policy decision on Thursday; industry expects cut in key lending rate
Business

RBI to unveil this fiscal's first bi-monthly policy decision on Thursday; industry expects cut in key lending rate

The RBI's Monetary Policy Committee (MPC) will meet from 2 to 4 April for the first bi-monthly policy statement for 2019-20, the central bank said

Finance Ministry expects Rs 69,000 cr in dividend from RBI in 2019-20; central bank has transferred Rs 40,000 cr this fiscal
Business

Finance Ministry expects Rs 69,000 cr in dividend from RBI in 2019-20; central bank has transferred Rs 40,000 cr this fiscal

The receipt from various sources, including RBI dividend, helps government meet fiscal deficit target.

RBI may change monetary policy stance; likely to move closer to rate cut in April as inflation stays below central bank’s target
Business

RBI may change monetary policy stance; likely to move closer to rate cut in April as inflation stays below central bank’s target

While two-thirds of 65 economists expected the RBI to hold the repo rate at 6.50 percent, most respondents predicted the MPC would shift its stance to neutral, according to a Reuters poll.

RBI proposes to relax norms for new players' entry into retail payment; aims to boost innovation, competition in sector
Business

RBI proposes to relax norms for new players' entry into retail payment; aims to boost innovation, competition in sector

The RBI's policy paper on 'Authorisation of New Retail Payment Systems' proposes a multi-pronged policy action for a more appropriate level of retail payment systems and operators.

RBI might slightly reduce interest to boost growth, investment rate declines: Kaushik Basu
Business

RBI might slightly reduce interest to boost growth, investment rate declines: Kaushik Basu

The central bank should be left alone with complete autonomy, he added. The RBI's monetary policy review is slated in February.

WPI inflation at 8-month low of 3.80% in December on softening fuel, food prices; vegetables witness deflation at 17.55%
Business

WPI inflation at 8-month low of 3.80% in December on softening fuel, food prices; vegetables witness deflation at 17.55%

The Wholesale Price Index (WPI)-based inflation stood at 4.64 percent in November, 2018, and 3.58 percent in December 2017.

RBI accountable to govt, differences must be resolved internally in country’s interest: Bimal Jalan
Business

RBI accountable to govt, differences must be resolved internally in country’s interest: Bimal Jalan

The government also wants the RBI to release more liquidity to the shadow banking sector and relax its provisioning norms for banks.

Govt says not considering giving more powers to RBI to deal with state-owned banks
Business

Govt says not considering giving more powers to RBI to deal with state-owned banks

The powers of the RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks, including public sector banks (PSBs), said Minister of State for Finance Shiv Pratap Shukla in the Rajya Sabha

Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April
Business

Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April

The government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues
Business

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues

At the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework.