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Reserve Bank to strengthen risk-based supervision of banks, NBFCs

The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges
Finance

Reserve Bank to strengthen risk-based supervision of banks, NBFCs

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Will try to keep interest rate benign for as long as possible: SBI chief

State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said
Finance

Will try to keep interest rate benign for as long as possible: SBI chief

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T Rabi Sankar named RBI deputy governor; to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank
Finance

T Rabi Sankar named RBI deputy governor; to succeed B P Kanungo

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BHIM UPI transactions come down slightly to Rs 4.94 trillion in Apr

The digital transactions through BHIM UPI in April this year fell by 2.2 per cent from a month ago
Finance

BHIM UPI transactions come down slightly to Rs 4.94 trillion in Apr

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Centre extends timelines of certain compliances in view of Covid-19

The aim is to grant respite during the devastating second wave of the pandemic
Finance

Centre extends timelines of certain compliances in view of Covid-19

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State Bank of India reduces home loan interest rates to 6.7%

Women borrowers to get a special concession of 5 bps
Finance

State Bank of India reduces home loan interest rates to 6.7%

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RBI governor, officials of SFBs discuss potential stress on balance sheets

RBI governor Shaktikanta Das held a meeting with the CEOs of small finance banks (SFBs) through video conference
Finance

RBI governor, officials of SFBs discuss potential stress on balance sheets

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IndusInd Bank net profit jumps 194% in March quarter on low provisions

The profit after tax grew to Rs 926 crore, from Rs 315 crore in the year-ago period
Finance

IndusInd Bank net profit jumps 194% in March quarter on low provisions

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Project Future-Ready: HDFC Bank rehauls organisation set-up, top-deck roles

The bank is reorganising itself into three clear areas of business verticals, delivery channels and technology/digital to further build its execution muscle
Finance

Project Future-Ready: HDFC Bank rehauls organisation set-up, top-deck roles

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Bank credit growth declines to 5% in FY21 as Covid-19 takes a toll

Farm sector stands out with uptick in credit offtake
Finance

Bank credit growth declines to 5% in FY21 as Covid-19 takes a toll

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India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely
Finance

India's bank credit growth may dip further after touching record low

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FSDC sub-committee meets virtually to take stock of Covid-19 situation

Discussed scenario emerging from second wave and various inter-regulatory issues; reviewed activities of various technical groups under its purview
Finance

FSDC sub-committee meets virtually to take stock of Covid-19 situation

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RBI to buy and sell Rs 10,000 cr market bonds simultaneously under OMO

This is the first such 'Operation Twist' this fiscal in which RBI will buy long-term bonds and sell-short term bonds maturing this year
Finance

RBI to buy and sell Rs 10,000 cr market bonds simultaneously under OMO

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Fund houses to press for modifications to Sebi compensation circular

Among the most important tweak sought by the industry will be to reduce the ambit of 'key employees'
Finance

Fund houses to press for modifications to Sebi compensation circular

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Retail digital payments saw strong growth in FY21 over a year earlier

Data from RBI suggest there was a slowdown in wholesale transaction value, but volume growth withstood the pandemic
Finance

Retail digital payments saw strong growth in FY21 over a year earlier

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SBI board approves raising up to $2 billion via bonds this fiscal

The country's largest lender SBI said its central board in its meeting on Wednesday has approved raising up to USD 2 billion (around Rs 14,880 crore) through bonds this fiscal. The Executive Committee of the Central Board in its meeting on April, 28, 2021 ha
Finance

SBI board approves raising up to $2 billion via bonds this fiscal

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NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI
Finance

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

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Banks with assets of more than Rs 15,000 crore must hire two auditors

Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors
Finance

Banks with assets of more than Rs 15,000 crore must hire two auditors

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Axis Bank beats Street estimates, posts net profit of Rs 2,677 crore in Q4

In the same period of last financial year, the bank had reported a net loss of Rs 1,388 crore
Finance

Axis Bank beats Street estimates, posts net profit of Rs 2,677 crore in Q4

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Bajaj Finance net rises 30% to Rs 1,161 cr in January-March quarter

The company had posted a net profit of Rs 892 crore in the corresponding quarter last year
Finance

Bajaj Finance net rises 30% to Rs 1,161 cr in January-March quarter

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SBI board to consider raising $2 billion through bonds in 2021-22

The bank said the Executive Committee of its Central Board would consider raising $2 billion through bonds in the financial year 2021-22
Finance

SBI board to consider raising $2 billion through bonds in 2021-22

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Digital banking can mask risks, say CROs at Business Standard webinar

Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions
Finance

Digital banking can mask risks, say CROs at Business Standard webinar

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Banks, UCBs with more than Rs 15,000 cr assets must have two auditors

The banks will have to decide on the number of auditors based on a board approved policy
Finance

Banks, UCBs with more than Rs 15,000 cr assets must have two auditors

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Commercial banks, UCBs to have a minimum of two firms for statutory audit

The banks will have to decide on the number of auditors based on a board approved policy
Finance

Commercial banks, UCBs to have a minimum of two firms for statutory audit

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RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies
Finance

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

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RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.
Finance

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

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Need new well-capitalised asset-reconstruction companies, says RBI study

Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued
Finance

Need new well-capitalised asset-reconstruction companies, says RBI study

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RBI turns net seller of US dollars in February, sells $1.219 billion

The Reserve Bank turned net seller of the US dollar in February 2021, offloading $1.219 billion in the spot market, RBI data showed on Monday
Finance

RBI turns net seller of US dollars in February, sells $1.219 billion

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RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1

For promoter CEO the limit is 12 years, says RBI as part of its latest guidelines
Finance

RBI caps bank CEO tenure at 15 years, policy to be effective Oct 1

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RBI to conduct customer satisfaction survey on impact of bank mergers

This is to find out the impact of the recent mergers of state-owned banks on banking services being availed by individuals.
Finance

RBI to conduct customer satisfaction survey on impact of bank mergers

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'Not more than 15 years': RBI's new guidelines for tenure of bank MDs, CEOs

The circular will not be applicable to foreign banks operating as branches in India
Finance

'Not more than 15 years': RBI's new guidelines for tenure of bank MDs, CEOs

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Nature of risk undergoing a radical change: Panelists at BS webinar

With this, chief risk officers say their roles will change dramatically too
Finance

Nature of risk undergoing a radical change: Panelists at BS webinar

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ICICI gains at HDFC Bank's expense, issues 665,000 incremental credit cards

The RBI directed HDFC Bank to halt all its digital launches as well as new sourcing of credit card customers
Finance

ICICI gains at HDFC Bank's expense, issues 665,000 incremental credit cards

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RBI nod for Atanu Chakraborty as part-time chairman of HDFC Bank

The meeting of the board of directors will be convened in due course to appoint Chakraborty as chairman and ad­di­tional director
Finance

RBI nod for Atanu Chakraborty as part-time chairman of HDFC Bank

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'Post Covid, adequate capital buffers a must for banks,' says Vishwanathan

In his keynote address at Business Standard's webinar series, ex-RBI deputy governor Vishwanathan said post Covid, credit risks lurking on banks' books could increase pressure on their margins
Finance

'Post Covid, adequate capital buffers a must for banks,' says Vishwanathan

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RBI bars American Express, Diners Club from onboarding new customers

The central bank said the card companies did not adhere to guidelines on local data storage
Finance

RBI bars American Express, Diners Club from onboarding new customers

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RBI directs banks to halve dividend payouts amid 2nd Covid wave

This is a bid to conserve capital and stay resilient.
Finance

RBI directs banks to halve dividend payouts amid 2nd Covid wave

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RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman

Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank
Finance

RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman

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Banks must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no cuch restriction on cooperative banks
Finance

Banks must halve their dividends to conserve capital in view of Covid: RBI

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