Restructured loans of non-bank financials to double by March: ICRA
newsdepo.com
The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA
Equitas SFB gets RBI nod to apply for amalgamation of promoter into itself
newsdepo.com
As per the SFB licensing guidelines of RBI, a promoter of SFB can exit or to cease to be a promoter after the mandatory initial lock-in period of five years
Federal Bank gets RBI nod to re-appoint Shyam Srinivasan as MD for 3 yrs
newsdepo.com
Private sector Federal Bank on Friday said it has received approval from the RBI to re-appoint Shyam Srinivasan as its MD and CEO for three years.
Srinivasan took charge as MD and CEO of the lender on September 23, 2010.
«We wish to inform you that th
Send bank staff in sensitive operations on leave without intimation: RBI
newsdepo.com
As a prudent risk management measure, banks should have a 'mandatory leave' policy with an element of surprise, apex bank says. The revised norms repeal the circular of April 23, 2015
RBI asks banks to shift from LIBOR to alternative reference rates by Dec 31
newsdepo.com
RBI on Thursday asked banks and financial institutions to use any widely accepted alternative reference rate instead of LIBOR as the reference rate for entering into new financial contracts
Rupee slumps 17 paise to 74.79 against US dollar in opening trade
newsdepo.com
The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday, following a strong dollar overseas and subdued sentiment in the domestic equities.
However, lower crude prices and fresh foreign fund inflows restricted the rupee's f
Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug
newsdepo.com
India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di
Razorpay, Mastercard launch MandateHQ for recurring payments
newsdepo.com
To help banks comply with RBI directive and provide convenience to banks' customers, Razorpay and Mastercard have partnered to launch MandateHQ, new recurring payment interface, after RBI's new rules
RBI to conduct Rs 20,000 crore open market bond purchase on July 8
newsdepo.com
The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8
Deutsche Bank launches indexes to track 21 emerging market currencies
newsdepo.com
Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy
Large banks with strong balance sheet to grow faster: Axis Bank CEO
newsdepo.com
Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said
Delta variant of Covid creates emerging market gap as outperformers hit
newsdepo.com
Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB
Banks Board Bureau recommends 10 names for exec director posts in PSBs
newsdepo.com
The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors
India agrees to landmark global tax framework on taxing multinationals
newsdepo.com
India has agreed to a pathbreaking international framework with 129 other countries for taxing multinationals that could impact its ability to tax them
Dollar's near-term outlook bright, but to fade in a year: Reuters poll
newsdepo.com
A majority of analysts in Reuters polls, however, were split on the duration of the greenback's bullish trend and forecast its allure to fade in a year.
RBI's Financial Stability Report: A bag of surprises
newsdepo.com
Credit should go to the RBI and banks for managing the situation. The plan of giving moratorium during tough times and rolling back the same has helped to keep things under check
Bad debts to rise due to Covid, but banks adequately capitalised: RBI FSR
newsdepo.com
The ferocity of the second wave of Covid-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped stabilise markets, and maintain financial stability, says FSR
