While repo rate is unchanged at 6.5%, RBI Governor Shaktikanta Das signals liquidity conditions would be kept tight to bring inflation closer to the 4% target.
RBI Governor Shaktikanta Das said Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes in circulation as on May 19, 2023 are yet to come back.
ICICI Bank has allotted 4,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures aggregating to Rs 4,000 crore on private placement basis.
In first quarter after merger, HDFC Bank posts loan book growth of 10.5% over year-ago and deposits surge 30% but CASA falls.
Despite being caught in controversy when independent director Sridhar Kalyanasundaram levelled charges against board of directors while resigning last month, Dhanlaxmi Bank has posted strong performance in September quarter.
Three months after the parent’s merger with HDFC Bank, the country’s largest private sector lender is revamping some parts of top management as it seeks to propel its mortgages business.
RBI Governor Shaktikanta Das said central bank has noticed "excessive dominance" by one or two board members even in "big commercial banks" and asked lenders to correct this.
SBI is adopting a unique way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly instalments with a pack of chocolates.
State Bank of India is planning to make it mandatory for builders to make rooftop solar installations if the project is funded from our green funds, managing director Ashwini Kumar Tewari said.
Most of branch expansion in FY24 will be in Tamil Nadu, followed by Karnataka, Andhra Pradesh and Telangana as these states have large concentration of small businesses.
Retail inflation eases to 6.83% in August after touching a 15-month high of 7.44% in July, mainly due to softening prices of vegetables.
RBI says it will gradually phase out incremental cash reserve ratio, a liquidity-draining out measure which required banks to park an additional 10% of their fresh deposits with the central bank.
After launching public tech platform for frictionless credit delivery, RBI mulls handing it over to a private company as it did with NPCI.
The asset valuer will have to conduct a valuation of IDBI Bank’s assets and provide assistance in the sale process of the lender.
With its instant settlement feature, CBDCs can play an important role in making cross-border payments cheaper, faster and more secure, RBI Governor Shaktikanta Das said.
