reserve bank of india

In significant relief to 63 moons and others, the Bombay High Court on Friday set aside the order of Yes Bank Administrator which had written down AT1 bonds of more than Rs 8,300 crore overnight, leaving investors high and dry.

Minister of state for IT on Thursday said there was no issue with cryptocurrencies in India if all laws are followed, in remarks that contradicted the central bank's view advising investors to stay away from crypto.

India will be a $3.7 trillion economy in 2023, maintaining its lead over the UK as the fifth largest economy of the world, a Reserve Bank article said on Thursday stressing that the macro economic stability is getting entrenched.

Telangana received neither caution nor praise in the reserve bank of india's most recent state of finances report for 2022-23. The report singled out various states for areas for improvement, while praising some of their policies.

Government bond yields ended marginally higher for a third consecutive session on Tuesday as sentiment turned cautious on fears of one more year of elevated borrowing. The benchmark 10-year yield ended up at 7.3335%, after closing higher at 7.3283% on Monday.

On Monday evening, the reserve bank of india released the paper proposing a shift away from the current method - where loan loss provisions are made after a default - to one where banks will need to assess the probability of default upfront and provision accordingly.

Banks will be allowed to design own credit loss models and spread the higher provisions over a five-year period under a newer system of setting aside money for lending, the RBI proposed on Monday.

BBPOU platforms are allowed to facilitate bill payment services for -- electricity, phone, DTH, water, gas insurance, loan repayments, FASTag recharge, education fees, credit card bills and municipal taxes. A BBPOU works under the Bharat Bill Payment System (BBPS) which is owned by the National Payments Corporation of India (NPCI).

reserve bank of india (RBI) governor Shaktikanta Das has said interest rates could remain high for long if the Ukraine conflict continues to remain where it is without any new flashpoints, but did not rule out a quicker adjustment to supply chain issues that could ease inflation and, hence, the cost of funds.

Indian investors could reshuffle their investment portfolio to include more debt assets this year on expectations of at least a 30% jump in returns from 2022, analysts said on Monday. Debt investments offered barely any increase in returns last year amid high volatility due to the Ukraine war, aggressive rate tightening by the US Federal Reserve and the reserve bank of india, along with steep global inflation.

With three months left in the current fiscal, Telangana government released a loan calendar with the smallest instalment of Rs 300 crore. Due to the curtailed schedule, the state has just Rs 9,372 crore limit left for bidding at reserve bank of india (RBI) in nine instalments, leaving little room to spend freely on infrastructure.

The RBI on Friday said maiden Sovereign Green Bonds (SGrBs) would be issued in two tranches for an aggregate amount of Rs 16,000 crore, and proceeds will be utilised for funding public sector projects seeking to reduce carbon emissions.

Mahindra and Mahindra Financial Services said on Wednesday the reserve bank of india lifted curbs placed on the company last year that prevented it from using third-party services for loan recovery.

The reserve bank of india has approved SBI Funds Management Limited to acquire up to 999 of the paid-up equity capital of Equitas Small Finance Bank Limited in a filing to the stock exchange. The bank said it has received an intimation from RBI on Tuesday. The approval to SBI Funds Management Limited to acquire up to 999 of the paid-up equity capital of the bank through the schemes of SBI mutual fund is subject to compliance with the provisions of the Banking Regulation Act, 1949, Master Direction on Prior Approval for Acquisition of Shares or Voting Rights in Private Sector Banks and Master Direction on Ownership in Private Sector Banks issued by RBI, provisions of the regulations issued by Sebi, provisions of the Foreign Exchange Management Act, 1999, and any other statutes as applicable, and is valid for a year until January 2, 2024.

The note ban did not have any discernible impact on currency in circulation in the country, which has risen almost 83% since, shows RBI data. It went from Rs 17.7 lakh crore on Nov 4, 2016 to Rs 32.4 lakh crore on Dec 23, 2022.

The reserve bank of india (RBI) on Monday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'.

India's economy is expected to navigate rough global weather in 2023 due to resilient consumer demand, better corporate performance and abating of inflation, even as the year is likely to be full of challenges and opportunities, Assocham said on Monday.

Demonetisation of the high value currency notes of Rs 500 and Rs 1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83 per cent since its announcement on November 8, 2016. The Supreme Court on Monday upheld the decision of the government on demonetisation.