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About 71 results for "rbi rsquo"

Repo Rate unchanged, but it's still a good time to transfer or pre-pay your loans
Rediff.com

Repo Rate unchanged, but it's still a good time to transfer or...

MCLR-linked loans are more responsive to RBI’s rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them. For three review cycles, the Reserve Bank of India has kept the repo rate unchanged at 6.25 per cent. This notwithstanding, a hike by 25 basis points in the reverse repo rate points to the savings base that has been increased by the demonetisation process. These funds are now available with banks for lending in the new financial year. We can expect this ... Rediff.com, 2 weeks ago

1 images for "rbi rsquo"

Times of India, 5 months ago
Rediff.com

'We used Gandhigiri to shame defaulters'

‘The major success behind our robust recovery performance has come from our war room.’ ‘It is a small set of six-seven people that monitor (NPA) accounts. They help branches and zones on how to crack an account and follow up.’ ‘It is relentless.’ Illustration: Uttam Ghosh/Rediff.com Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned ...
 Rediff.com1 week ago
Rediff.com

The man who passed the order on Reliance 'fraud' case

Efficient use of data and a great sense of timing are two things that stand out in the Sebi whole-time member’s order in the matter of Reliance Petroleum Three months before he took over as Securities and Exchange Board of India (Sebi) whole-time member, G Mahalingam, then an executive director with the Reserve Bank of India, spoke at an event organised by the National Institute of Securities Market. “I am going to take exactly 20 minutes. I am not going to talk for more than 20 ...
 Rediff.com1 week ago
Rediff.com

Banks want RBI to relax norms for loans to highly indebted firms

The limit of indebtedness comes down to Rs 15,000 crore from 2018-19, and then Rs 10,000 crore from April 2019 onwards Effective April 1, banks have to set aside higher provisions for loans given to highly indebted companies, the system-wide limit for which is set at Rs 25,000 crore (Rs 250 billion) for the financial year 2017-18. Banks are not comfortable with this move, and some of them have asked the Reserve Bank of India (RBI) to go easy on the provisioning part. The limit of indebtedness ...
 Rediff.com2 weeks ago
Rediff.com

RBI calls for proactive supply management to stave off headline inflation

The Reserve Bank on Thursday projected retail inflation to increase to 5 per cent in the second half of the current fiscal citing risks of El Nino impacting the monsoon and one-off effects of the Goods and Services Tax. "For 2017-18, inflation is projected to average 4.5 per cent in the first half of the year and 5 per cent in the second half," said the RBI's first bi-monthly monetary policy statement for 2017-18. Risks are evenly balanced around the inflation trajectory at the current ...
 Rediff.com2 weeks ago Wholesale inflation at 30-month high in January  Rediff.com2 months ago Inflation to be below 5% in FY17, trend to continue: Survey  Rediff.com2 months ago
Rediff.com

Sensex slips 47 pts as RBI holds policy rate

Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged. Benchmark indices pared losses to end the day on a flat note after the Reserve Bank of India decided to keep the repo rate unchanged at 6.25% in line with the market expectations. Maintaining the ‘neutral’ stance, the Central Bank raised the FY17 GVA target for FY18 to 7.4%. However, it raised the reverse rate to 6% from 5.75% due to narrowing of the liquidity adjustment ...
 Rediff.com2 weeks ago
Rediff.com

India's BIGGEST financial crisis and how it can be resolved

The indebtedness of Indian companies has had an adverse impact on the economy’s investment climate apart from weakening their performance and seriously impairing the financial health of the banking sector.Unless both the problems are resolved, there is little chance of reviving investment and boosting growth on a sustainable basis, says A K Bhattacharya. It is commonly acknowledged that India’s financial sector mess has given rise to two specific but inter-related challenges. There ...
 Rediff.com2 weeks ago
Rediff.com

Govt, RBI may introduce gradation system to deal with bad debts

Banks to get more aggressive and act like PE investors The government and the Reserve Bank of India (RBI) could introduce a gradation system in loan restructuring to deal with bad debts. All schemes introduced by the central bank would be used, depending upon the provisioning requirement, and public sector banks would get to act like aggressive private equity players to recover dues. The central idea would be to protect the interests of banks. “Banks have in the past few months been ...
 Rediff.com2 weeks ago
Rediff.com

Note ban: MFIs seek more time for loan repayments

In December 2016, RBI had granted additional 60 days for repayment of certain loans With disruptive influence at local level continuing to impact repayments, the Microfinance Institution Network (MFIN), the representative body for microfinance institutions (MFIs), is looking to seek six-month extension  of repayment tenure for loans stuck on account of demonetisation. Earlier, MFIN had sought three months extension from the Reserve Bank of India (RBI). In December 2016, RBI had granted ...
 Rediff.com2 weeks ago
Rediff.com

RBI may get bigger role to clean up NPA mess

Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.  The Reserve Bank of India will likely find itself at the driver’s seat in the war against bad debt -- closely monitoring big-ticket restructuring and even getting to decide the haircut to be taken by banks. These and other changes could be introduced by the end of this month by the government, formulated after a series of meetings between the central bank and finance ministry officials.   ...
 Rediff.com4 weeks ago RBI to reveal junked notes deposit data after June  Rediff.com2 months ago
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