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About 97 results for "rbi rsquo"

RBI wants customers' financial data stored in India
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Tech majors seek more time to implement RBI's data onshoring o...

Many of India’s fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics. With six months given to comply with the Reserve Bank of India’s guidelines to bring and store India’s financial data onshore, global financial technology giants such as Visa, Google and Facebook are trying to meet officers of the central bank, the finance ministry and the information ... Rediff.com, 2 days ago
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RBI tells finmin that PNB misled it on SWIFT migration

‘PNB had confirmed compliance with the RBI’s prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,’ Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.  Punjab National Bank may have had misled the regulator about the bank’s preparedness in integrating SWIFT messaging system with its core banking solution, it has now emerged.  The Reserve Bank of India has told the finance ministry ...
 Rediff.com2 weeks ago RBI did not audit PNB during NiMo scam, says CVC  Rediff.com2 weeks ago RBI tells PNB to pay up LoU dues to other banks  Rediff.com2 months ago
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2 key reasons why India's banking system is in a mess

In the atmosphere created by the reaction to the PNB fraud and RBI’s resolution framework, “don’t lend, don’t resolve” is bound to become the bankers’ new mantra, says T T Ram Mohan. Illustration: Uttam Ghosh/Rediff.com. A spectre is haunting the Indian economy today -- the spectre of banking paralysis. If it lingers for too long, it could seriously undermine the ongoing economic recovery. Two developments are contributing to paralysis in banking.   One ...
 Rediff.com3 weeks ago

RBI’s move to end recast schemes to shoot up NPAs: Icra

Reserve Bank of India’s (RBI) tighter regulations for recognition of bad loans will increase the under-reporting of non performing assets (NPA divergence) by banks and deteriorate the asset quality in the banking sector. RBI’s move last month of ...
 DNA1 month ago
Rediff.com

States with dry ATMs received highest share of currency notes in 2017-18

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation Illustration: Uttam Ghosh/Rediff.com States such as Andhra Pradesh, Bihar, Madhya Pradesh and Gujarat, which reported currency shortage in automated teller machines (ATMs) were the ones that got the highest supply of currency notes in 2017-18.   The Reserve Bank of India’s (RBI’s) regional offices at Hyderabad, Ahmedabad, Nagpur, ...
 Rediff.com3 days ago
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Govt seeks RBI nod to launch India Post Payments bank

The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration The government will soon launch the India Post Payments bank (IPPB). Most of the work has been done and only approval from the Reserve Bank of India (RBI) is awaited regarding the software used for integration of various services.   The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software ...
 Rediff.com5 days ago RBI plans to collect information from ICICI Bank on loan to Videocon  Rediff.com1 week ago Bonus payment for pvt bank bosses yet to get RBI nod  Rediff.com2 weeks ago RBI imposes Rs 5 crore fine on Airtel Payments Bank for violating KYC norms  DNA1 month ago
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Is RBI's decision to ban cryptocurrencies correct?

'Governments that embrace blockchain and cryptocurrencies will be best positioned for the future.' 'Digital currencies are more transparent, more efficient.' Recently, the Reserve Bank of India banned regulated financial institutions from working with any company dealing in digital currencies, thereby effectively banning cryptocurrencies in the country. The move triggered a price crash in bitcoin. As all of this was unfolding, Anthony Pompliano, below, general partner at Morgan Creek Capital ...
 Rediff.com5 days ago
Rediff.com

'Banks to recover 48% from NPA accounts in RBI list'

The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation. Illustration: Uttam Ghosh/Rediff.com Banks in India will recover only 48 per cent of their debts from the top accounts that have turned into non-performing assets (NPAs), according to a research report by Edelweiss Securities. The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco ...
 Rediff.com5 days ago
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'Axis Bank became a true universal lender under Shikha Sharma'

Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank’s CEO the following year in June. Shikha Sharma was appointed as the managing director and chief executive officer of Axis Bank in June 2009 by P J Nayak, the then chairman of the bank.   Sharma’s appointment came at a time UTI Bank was named Axis Bank, and the board of directors felt that the bank should be more aggressive in pursuing business. The bank had a legacy issue and high exposure in ...
 Rediff.com1 week ago Over-zealous staffer may have caused Nirav Modi's fall  Rediff.com2 months ago PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10  Rediff.com2 months ago
Rediff.com

RBI unlikely to grant India Inc's wish for lower rates

Pressure has been mounting on the Reserve Bank of India to cut interest rates in the wake of declining retail inflation and the need to fuel growth momentum.  However, the RBI will have to do a tightrope walk as globally interest rates are inching upwards.  The Reserve Bank is unlikely to yield to the India Inc’s pressure for a benign monetary policy stance by keeping policy rates unchanged in its first monetary policy review of 2018-19 to be announced on Thursday against the ...
 Rediff.com2 weeks ago Experts' poll says RBI may hold rates for now  Rediff.com3 weeks ago
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