RBI's Financial Stability Report: A bag of surprises
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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
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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
Indian rupee posts biggest monthly fall in 15 months amid high crude prices
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Traders said month-end demand for dollars from oil importers was one of the main factors driving the unit lower, while weak local equities also hurt sentiment
Axis Bank sees 10-times growth in daily volumes in online shopping fest
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Even as policy makers grapple with ways to revive demand, an online sale fest launched by Axis Bank offering 15 per cent discounts is witnessing a 10-times surge in daily volumes
Rupee depreciates 5 paise to 74.28 against US dollar in early trade
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The Indian rupee depreciated 5 paise to 74.28 against the US dollar in opening trade on Wednesday as firm American currency and rising crude oil prices weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened at 74.23 against the do
Banks so far lent 90% of Rs 3 trn under emergency credit scheme: Report
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Banks have so far lent 90 per cent of the Rs 3 lakh crore under emergency credit line guarantee scheme announced last year to help small businesses tide over the pandemic
Half of India's working population of 400 mn people credit active: Report
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Credit institutions are fast approaching a saturation level in new customers as over half of the borrowers are from the existing customer base of a bank: report
A $27 billion pile of stressed debt looms over India's new bad bank
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The new institution, which is set to start operations by end of June, is likely to handle stressed debt worth $27 billionover time, which would be about a quarter of non-performing debt load
Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22
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NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.
Panel meets to thrash out regulatory issues, speed up bank privatisation
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A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment
Cabinet secy-led panel holds crucial meeting on bank privatisation
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A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment
Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31
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There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank
Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar
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The Indian rupee started on a flat note this Friday against the greenback and inched 4 paise higher to 74.14 against the US dollar in early trade tracking a muted trend in the domestic equity market.
At the interbank foreign exchange, the domestic unit opene
Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh
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Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.
