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About 67 results for "rbi rsquo"

Alarming rise in banking frauds, warns RBI
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Alarming rise in banking frauds, warns RBI

It adds that banks could be hiding some of the fraud cases, masking these as bad debt The Reserve Bank of India’s (RBI) financial stability report (FSR) has warned that frauds in the banking system were rising alarmingly. And banks could be hiding some of the fraud cases, masking these as bad debt. “Almost all corporate loan- related fraud cases get seasoned for two to three years as NPAs (non-performing assets) before they are reported as fraud,” it said. In the past five ... Rediff.com, 3 weeks ago
Rediff.com

Bad loans: The bungling and farce continues

Bad loans continue to originate mainly from state-owned banks, where the top management’s responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu. Just over a year ago in mid-May 2016 I had written a column pointing basic flaws in the new architecture set up to handle bad loans - a new huge bureaucracy (for insolvency), which only promised more legal complexities. Well, it appears that I had not anticipated something far worse — continued ...
 Rediff.com1 week ago
Rediff.com

CAs, bankers in a rush to pass insolvency exam

Test on lines of IIT-JEE Illustration: Uttam Ghosh/Rediff.com With the Reserve Bank of India (RBI) asking banks to take defaulters through the insolvency process, the role of insolvency professionals has assumed importance and people are rushing to clear the qualifying examination. Sources said bankers last week met to decide on the appointment such professionals, considering the number of cases that would pile up and the acute shortage of insolvency professionals in the country. However, the ...
 Rediff.com2 weeks ago Why home loans are set to get cheaper  Rediff.com1 month ago
Rediff.com

FinMin finds RBI a tough nut to crack

North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings The finance ministry’s idea of face-to-face meetings with all six members of the Reserve Bank of India’s Monetary Policy Committee (MPC) ahead of interest rate announcements, seems dead upon arrival. North Block and Mint Road seem likely to now stick to the earlier ...
 Rediff.com1 month ago
catchnews.com

RBI keeps policy rates unchanged; raises concerns over farm loan waiver

On expected lines, the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) on 7 June kept the repo rate unchanged at 6.25%, but it reduced the Statutory Liquidity Ratio (SLR) or the percentage of deposits that banks have to park in government ...
 catchnews.com1 month ago It's status quo! Key takeaways from RBI rate review  Rediff.com1 month ago
Rediff.com

RBI may take a more balanced stance in June

Market participants must appreciate that staying cautious is a virtue for central bankers and should not expect a sudden reversal in the formal monetary policy stance. The Reserve Bank of India (RBI) will likely keep the key policy rates unchanged in June and might maintain its “neutral” monetary policy stance. While a neutral policy stance does not preclude the RBI from changing the repo rate in either direction, the bias of the Monetary Policy Committee (MPC) seems to be to keep ...
 Rediff.com1 month ago
DNA

Understanding the bitcoin market in India

Many people have termed bitcoins as an illegal form of currency and even the Reserve Bank of India (RBI) had also warned the investors of the potential risks involved in dealing with Bitcoins. Bitcoins had also given rise to many theories about its taxability ...
 DNA1 month ago
Rediff.com

My family can't influence FIPB: Chidambaram

Senior Congress leader P Chidambaram on Monday said it was ‘preposterous’ to suggest that any member of his family could influence six secretaries of the central government who were part of the Foreign Investment Promotion Board. Strongly refuting allegations that his son Karti had influenced the decisions of the now-defunct FIPB when he was the finance minister, Chidambaram said it was a ‘despicable slur’ on the six secretaries of the government. The FIPB used to vet ...
 Rediff.com1 month ago
Rediff.com

RBI to rope in rating agencies for NPA solution

The broad contours of their assignment are expected to be making independent assessment of recovery prospects, and estimating haircuts for restructuring cases. The Reserve Bank of India is expected to rope in rating agencies to assess the viability of debt, crystallise sustainable debt and recommend haircuts lenders need to take in restructuring packages for stressed assets. Officials at rating agencies said while the RBI was yet to engage them in formal discussions, the broad contours of their ...
 Rediff.com2 months ago
Rediff.com

Paytm's payments bank gets RBI nod, to start ops on May 23

After months of delay, Paytm is now all set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India. ‘...Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23, 2017,’ it said in a public notice. The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity -- PPBL -- under the payments ...
 Rediff.com2 months ago
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