National Asset Reconstruction Company to be operational next month: IBA CEO
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National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational in June
CSB Bank reports highest-ever net profit of Rs 218 crore in FY21
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During the last quarter ended March of FY21, the lender reported a net profit of Rs 42.89 crore against a loss of Rs 59.70 crore in the same quarter of 2019-20
RBI to conduct first SLTRO of Rs 10k cr for small finance banks on May 17
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The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations
Life insurance companies' new premium business up 45% at Rs 9,739 crore
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While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth
No immediate plans to raise capital: SBI Chairman Dinesh Kumar Khara
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SBI chairman said that the bank does not have immediate plans to raise capital as a reasonable profit of the last fiscal would be ploughed back to take care of foreseeable business growth
RBI sets up an advisory group to assist regulatory review authority
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Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities
RBI's Rs 50K cr liquidity facility can augment hospital bed capacity Crisil
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Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday
Run for cover will need longer strides: Insurance experts at BS Webinar
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At Business Standard webinar on De-risking the Risk Business, they say one can expect a deadline extension for the implementation of IFRS 17, given the Covid pandemic
Normal monsoon should help contain food price pressures: RBI Governor
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Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a «soothing impact» on inflation pressures
RBI running key ops from a 250-member-strong quarantine centre: Governor
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Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
SFB loan to MFIs for on-lending to be classified as priority sector lending
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The Reserve Bank of Indian has decided to allow the classification of priority sector lending for loans given by small finance banks to micro-finance institutions (MFI) for on-lending to individuals
RBI gets into the act; lays foundation for more measures going ahead
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The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns
Rupee gains 10 paise to end at 73.85, rises for second day in a row
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Meanwhile, market sentiments are hurt on concern that rising Covid-19 cases in India and lockdown restriction in some states may hurt economic recovery.
