Sunday , August 19 2018

Tag Archives: RBI

After the latest RBI circular FY16 bank financials might look different

After the latest RBI circular FY16 bank financials might look different

FY16 bank financials may look different after the latest RBI circular The guideline of RBI, while the Asset Quality Review (AQR) that had implemented from 2015 September lead to higher recognition of bad assets with lower profitability in the fiscal year 2015-2016 (FY16) for most of the banks, the latest ...

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Idea will be targeting June to start its payments bank operations

Idea will be targeting June to start its payments bank operations

Idea targets June to start its payments bank operations Idea Cellular itself has set a target to launch its payments in bank operations and it is signing up retailers those who sell its telecom services to make it double banking touch points to allow the customers to carry out transactions. ...

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RBI Permits IBU’s to Engross in Derivative Transactions

The RBI has permitted IFSC banking units (IBUs) to engross in derivative transactions. This is to boost activity in international financial services Centre’s (IFSCs). An IBU could potentially become the part of the exchange in an IFSC to trade in interest rate and currency derivatives. According to RBI, They can carry out derivative ...

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India Considers Help from Private Banks to Plug Infrastructure Gap

Government of India is turning to the private sector for seeking help in $1.5 trillion infrastructure gap India considers seeking help from the private sector to clear a chronic insufficiency of capital for infrastructure projects. The Reserve Bank of India is recommending licenses to private companies for setting up the ...

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RBI Recommends WLTFB to Fund Infrastructure & Core Industries

RBI Suggest Wholesale and Long-term Finance Bank to finance Infrastructure & Core Industries. These banks is not forced to lend agriculture and weaker sections of the society. A Reserve Bank of India (RBI) discussion paper has suggested for initiating long-term finance banks to provide the fund to infrastructure and greenfield projects of ...

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Urjit Patel: Farm Loan waiver schemes undermine honest credit culture

RBI governor Urjit Patel

RBI Governor Urjit Patel says that the consensus must be created to make political parties avoid making farm loan waiver promises during election campaigns. The Governor of Reserve Bank Urjit Patel  disapproved the decision of Uttar Pradesh administration about waiving all the farmer loans. He said that an agreement should ...

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The Government Explores a New Monetary Facility to absorb Excess Cash

notes-reuters-2

The government is devising a new monetary mechanism to suck up massive cash deposits held with the banking system. The government is trying hard to discover a new monetary facility (standing deposit facility) to absorb the excess cash in the banking system, told by Banikinkar Pattanayak in New Delhi. The ...

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Banking stocks will fall for four sessions in a row over lending woes

Banking

Banking stocks are being under pressure on account of recent loan-waiver announcement by various political parties Banking stocks fell for the fourth consecutive session after the Reserve Bank of India’s credit growth data suggested that the banking system is struggling to lend despite the higher liquidity. And also, the recent ...

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NSDL hopes to launch payments bank by May

NSDL

NSDL yesterday said that it has applied to the Reserve Bank of India for the final license for its payments bank and is targeting to launch the enterprise by May 2017. NSDL had declared that it has declared to the Reserve Bank of India for the final license for its ...

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RBI may offer three month extension for repayment of microloans

Microfinance

The Reserve Bank of India (RBI) may offer a three-month repayment extension to customers whose loans were due from November 1, 2016, to December 31, 2016.  In a bid to ease loan default burden at Microfinance Institutions (MFIs), the RBI  may offer a three-month repayment extension to customers whose loans ...

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