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About 60 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, 1 month ago

1 images for "rbi rsquo"

Times of India, 6 months 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.com4 days 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.com1 week ago
Rediff.com

At 273.4m tonnes, foodgrain output maybe highest-ever

For many farmers, though, a bumper harvest isn’t good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.   India is set to see the highest foodgrain production this crop year, according to the government’s third advanced estimate released on Tuesday. Boosted by a normal southwest monsoon -- a first in two years -- foodgrain production in the 2016-17 crop year, which ends in June, would be 273.4 million tonnes, almost nine per cent more than ...
 Rediff.com2 weeks ago
Rediff.com

NPA war: Bankers welcome new powers to RBI, but...

Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies? With the central government giving more powers to the Reserve Bank of India (RBI) on handling loans gone or going bad, and the latter coming down heavily on banks that delay on the resolution process, there is a new expectation among bankers. They are hopeful that loan recovery would see a radical change. However, important questions do also remain, that will have to ...
 Rediff.com2 weeks 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 month 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 month 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.com1 month 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.com1 month 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.com1 month ago
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