RBI | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 02:46 AM IST

RBI Page-8

Banks will be free to decide the spread over the external benchmark. Subsequently, credit risk premiums may undergo change when a borrower's credit assessment also undergoes a substantial change, as agreed upon in the loan contract, Moody's said.

RBI mandate on floating rate benchmark rates is credit negative for banks: Moody's

This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.

10 Sep 2019 2:12 PM

Core inflation, which excludes food and energy prices, also likely got a boost last month from a surge in gold prices.

India August inflation likely rose, but rate cuts still on the cards: report

The expected rise in inflation comes despite the price of oil, India’s biggest import, falling by more than 7 per cent.

10 Sep 2019 9:27 AM

Securitisation involves pooling of loans and selling them to a special purpose vehicle which then issues securities called pass-through certificates (PTCs) backed by the loan pool. (Photo: AFP)

RBI panel for standard format of documents to promote home loan securitisation market

PTCs issued in mortgaged-backed securitisation should be mandatorily listed if the securitisation pool is larger than Rs 500 cr.

10 Sep 2019 8:59 AM

The banks have also been asked to reset the interest rate under external benchmark at least once in three months.

RBI makes mandatory for banks to link retail loans with external benchmarks

A move aimed at ensuring faster transmission of policy rate cuts to borrowers.

05 Sep 2019 10:49 AM

RBI has posted the recommendations on its website for comments from stakeholders and they are subject to the central bank’s approval. (Photo: AFP)

RBI's task force recommends moves to ease credit markets

RBI’s task force also recommended easing rules around the securitisation of loan assets.

04 Sep 2019 9:54 AM

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10.

IDBI Bank launches repo-linked home, auto loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.

30 Aug 2019 3:26 PM

'Who is the guarantor who is allowing such a big fraud?' Priyanka tweeted. (Photo: File)

Who is the guarantor allowing such big bank frauds: Priyanka on RBI report

As per the annual report of RBI, the banking sector reported 6,801 frauds in the financial year 2018-19.

30 Aug 2019 3:13 PM

India Inc to debate USD 5 trillion economy goal amid RBI bonanza to govt

RBI decided to transfer Rs 1.76 lakh crore in dividend and surplus reserve to the government.

30 Aug 2019 12:34 PM

The limit was cash withdrawal up to Rs 1,000 per day in Tier-I and II centres and Rs 2,000 per day in Tier-III to VI centres.

RBI asks banks to extend PoS cash withdrawal facility

The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.

30 Aug 2019 10:20 AM

On the other hand, the RBI balance sheet expanded by 13.42 percent to Rs 41.03 lakh crore while its income soared by 146.59 percent to Rs 1.93 lakh crore in 2018-19, the central bank said in its Annual Report. (Photo: AFP)

Bank frauds take 74pc leap to Rs 71,543 crore in FY19: says Reserve Bank's annual report

Report states, ‘balance in contingency fund as of June 30, 2019 was Rs 1.96 lakh crore compared to Rs 2.32 lakh crore as of June 30, 2018.’

29 Aug 2019 6:55 PM

The unemployment rate rose to 7.51 per cent in July from 5.66 per cent a year earlier. (Representational Image)

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks’ increased bad loans, which has hit private investment.

29 Aug 2019 3:04 PM

The government will "comfortably" meet the 3.3 per cent fiscal deficit target for FY20. (Photo: AFP)

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI autonomy

The Rs 52,000-crore surplus payout is much lower than the estimates, the economists said.

29 Aug 2019 9:31 AM

FDI eases norms for manufacturing, digital media, single brand retail

'FDI regulations have been liberalised. We see opportunity to make India manufacturing hub' Piyush Goyal said.

28 Aug 2019 7:46 PM

Reserve Bank of India had slashed repo rate by 110 basis points so far this year, to 5.40 per cent.

Rate cuts not enough to re-fire damp India housing market: Report

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance sheets.

28 Aug 2019 12:03 PM

The Committee recommended that the framework may be periodically reviewed every five years.

Jalan panel for review of economic capital framework in every 5 years

RBI's central board approved the transfer of record Rs 1.76 lakh cr dividend and surplus reserves to the govt.

28 Aug 2019 9:37 AM

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Government weighing options on using RBI payout

The government is also expected to announce more measures this week to support economic growth.

28 Aug 2019 2:41 AM

‘The Government is in a position to intimidate any authority, any institution and here there is obliging, pliant RBI Governor who has done what none of his predecessors was willing to do,’ said Sharma but without naming Shaktikanta Das. (Photo: ANI)

Congress slams RBI Governor Shaktikanta Das, terms him as pliant

He said the decision of RBI was ‘a confirmation of what the party had been forewarning about the state of the economy.’

27 Aug 2019 9:19 PM

AIMIM chief Asaduddin Owaisi speaking to reporters in Hyderabad. (Photo: ANI)

It's wrong on part of RBI to transfer surplus funds to Centre: Asasuddin Owaisi

'This is a new method by the Narendra Modi government to finance the fiscal deficit which is ingenious and wrong,' he said.

27 Aug 2019 8:47 PM

'Whatever be the size- small, medium, micro, nano or large entrepreneurs of this country, we want them to carry on with their business without a worry,' she said at the beginning of the address. (Photo: ANI)

Want entrepreneurs to carry on business without a worry: Finance Minister Nirmala Sitharaman

'Any suggestions about credibility of RBI, for me seems a bit outlandish,' she said, talking about Rahul Gandhi's accusations.

27 Aug 2019 6:24 PM

Windfall from the RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan.

Windfall from RBI to give govt ammunition to fight slowdown, boost capex

The finance ministry has so far not detailed the blueprint of using the surplus from the RBI.

27 Aug 2019 2:25 PM

8 of 70

Columns

Dilip Cherian