Tag: The Reserve Bank of India

Rise & reset: India has a long road to recovery but there is hope and optimism

(This story originally appeared in on Dec 28, 2020) NEW DELHI: The swift recovery displayed by the economy after the bruising impact of one of...

Indian economy | RBI: Indian economy reviving; coming out of pandemic slowdown at unforeseen pace, says RBI

NEW DELHI: As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian...

RBI Governor: Eventful 2 years for RBI governor Das: Well begun, and a lot done!

Earlier this week, Governor Shaktikanta Das completed two years at the helm of the Reserve Bank of India (RBI). In a flashback, two years ago,...

LVB bondholders file petition in Madras HC against tier 2 write-off

Mumbai: Bond holders of Lakshmi Vilas Bank (LVB) have filed a writ petition in the Madras High Court, challenging the banking regulator’s decision to extinguish...

LVB stock market suspension: Trading in Lakshmi Vilas Bank shares to be suspended from Thursday: NSE

Trading in shares of Lakshmi Vilas Bank will be suspended from November 26, the National Stock Exchange (NSE) said in a statement. “Members of the...

Home loans beat five-month lull, see double-digit growth between September and October

KOLKATA: Fresh home mortgages surged in India over the past two months, in line with the phased unshackling of the economy, indicating that demand remains...

PNB lowers recast target; expects only Rs 20,000 crore loan book to be restructured

New Delhi: Punjab National Bank (PNB) on Tuesday lowered the debt recast target by 50 per cent to Rs 20,000 crore as there was not...

Economy saw growth rebound through Q2FY21: Nomura

The economy saw growth rebound through the second quarter of the ongoing fiscal with gross domestic product (GDP) contraction likely to have narrowed to -10.4%...

Nifty: Nifty overbought, market may see sectoral rotation in the near term

The domestic equity market took a breather during the week gone by after registering a steep one-day drop in the previous week. FPIs and DIIs...

hdfc bank: HDCF Bank Q2 takeaways: Stable asset quality, Covid provisions, new CEO & MD announcement & more

NEW DELHI: HDFC Bank‘s asset quality was strong at the end of September quarter. The private lender made lesser provisions for the quarter compared with...

Confident of getting money back from Lakshmi Vilas Bank, officials won’t be pardoned: Religare

NEW DELHI: Religare Enterprises Ltd has said its NBFC arm Religare Finvest Ltd (RFL) will be able to fully recover its fixed deposits, with an...

Lok Sabha passes Bilateral Netting of Qualified Financial Contracts Bill, 2020

Lok Sabha passed the Bilateral Netting of Qualified Financial Contracts Bill, 2020, which allows for enforcement of netting for qualified financial contracts, by a voice...

government bond: View: Why the bond market loves India’s tax mess

By Andy Mukherjee Emerging markets will exit the coronavirus pandemic with a heavy fiscal load. Many will see their public debt balloon; some will also...

Sovereign Gold Bond: As prices correct, analysts cast doubt over sovereign gold bond’s demand

Kolkata: Bullion dealers, bankers and analysts are divided over the expected demand for the sixth tranche of sovereign gold bond that opened for subscription on...

India’s factory activity grows for first time in five months in August

Manufacturing activity in India grew in August for the first time in five months led by a rebound in domestic demand as lockdown restrictions eased...

Recent surge in freight movement could mean that India’s economy is getting back on track

Onions are making the railways weep with joy. The Bengaluru railway division has almost clinched a new deal. A bunch of big onion traders, who...

RBI: RBI has just outlined India’s opportunity in post-Covid world

NEW DELHI: The Reserve Bank of India’s (RBI) annual report for FY20 said exports hold the key for India to achieve a viable balance of...

Single e-compliance window soon: MCA initiates discussions with RBI, Sebi, DPIIT on transfer of data

NEW DELHI: The government is looking to develop a single online compliance framework for India Inc to enable companies to comply with different regulatory requirements...

HFCs require Rs 3.8-4.5 lakh cr to meet their refinancing requirements this fiscal: Icra

MUMBAI: Housing finance companies (HFCs) are likely to see a muted portfolio growth and would require Rs 3.8-4.5 lakh crore to meet their refinancing requirements...

Reserve Bank of India suggests a five-point action plan to promote financial education

MUMBAI: The Reserve Bank of India (RBI) on Thursday came out with a ‘5-Core Actions’ approach for promoting financial education, which among other things include...

Coronavirus impact: Indian state with first-world standards to push export of nurses

By Shwetha Sunil Kerala, the southern Indian state with development indicators comparable to the first world, will invest in training and exporting health workers with...

RBI proposes upper age limit of 70 years for CEOs, whole-time directors of banks

MUMBAI: The RBI has proposed an upper age limit of 70 years for CEOs and whole-time directors of banks and a maximum term of 10...

Microfinance lenders aim at repayment collection, restoring credit cycle amid rising stress

KOLKATA: Microfinance firms and small finance banks are desperately looking to boost repayment collection to revive cash flow and resume loan disbursement to restore normalcy...

rbi loan moratorium extension: RBI allows 3 month extension of loan EMI moratorium: Should you opt for it?

Giving more breathing room to borrowers repaying loans, the Reserve Bank of India (RBI) today announced an extension of the previously announced three-month loan EMI...

Current account may turn surplus in FY21

NEW DELHI: India’s current account could show a surplus this year for the first time in several years, economists said, following a sharp decline in...