With unwinding of support measures, some restructured accounts might face solvency concerns and impact on banks' balance sheets will become clearer in upcoming quarters, RBI said.
RBI nearly doubles gold purchase to 65 tonnes in FY22 as part of asset diversification poicy; total gold holding climbs to 760.42 tonnes.
A debt management strategy review is in the offing as RBI seeks to make government borrowings efficient over medium to long term with the right risk balance.
Fraud instances up 23.69% to 9,103 in 2021-22 versus 7,359 a year ago; total amount in frauds at Rs 60,414 cr in FY22, from Rs 1.38 lakh crore in 2020-21.
Phased approach to ensure financial stability, monetary policy conformity and efficient currency operations and payment systems; steps include proof of concept, pilots and launch of digital currency.
India’s highest denomination currency note of Rs 2,000, introduced in November 2016 soon after demonetisation, has continued to fall in circulation share both in value as well as in number terms.
RBI cancels certificates of registration of 5 NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations through third-party apps.
Headed by former RBI deputy governor B P Kanungo, the six-member committee will submit a report within three months from the date of its first meeting.
Punjab National Bank also collected Rs 239.09 crore as penalty imposed on customers who failed to maintain minimum balance or quarterly/monthly average balance in their bank accounts
There will be some hike but how much I will not be able to tell now, said RBI Governor Shaktikanta Das; government likely to stick to fiscal deficit target.
RBI board approves transfer of Rs 30,307 cr as surplus to central government for accounting year 2021-22 while deciding to maintain contingency risk buffer at 5.50%.
IDBI Bank to sell entire stake in Ageas Federal Life Insurance Company to JV partner Ageas for Rs 580.20 cr; Ageas will become first foreign investor to hold maximum FDI permissible limit of 74%.
Waiting till June for the scheduled monetary policy to raise interest rate would have meant losing time and opting for a stronger action, RBI Governor Shaktikanta Das said.
Even as RBI is expected to carry out a series of rate hikes to tame rising inflation, monetary policy committee member Jayant Varma wants it to be raised by 100 basis points very soon.
RBI rejects applications for on-tap licences of six firms, including that of Flipkart founder Sachin Bansal.
