With uncertainty prevailing due to Omicron variant of Covid-19, RBI has extended the last date for periodic KYC update till March 31.
Shares of RBL Bank plunge 10% following news report that the private lender wrote off a Rs 300-crore loan within seven months of being sanctioned.
In its financial stability report, RBI has said that private cryptocurrencies pose immediate risks to customer protection, anti-money laundering and combating terrorism financing.
With second supplementary demand of grants worth Rs 3.73 lakh cr, presented in Dec, budgeted fiscal deficit of 6.8% of GDP may come under strain, RBI’s Financial Stability Report said.
Inflation also continued to be a concern as it faced cost-push pressures, RBI Governor Shaktikanta Das said.
4,071 banking fraud cases reported in first half involving Rs 36,342 cr; frauds relating to advances are more than those linked to card or internet transactions.
NRIs and OCIs do not require RBI’s prior approval for buying or selling immovable properties in India other than agricultural land, farm house and plantation property.
Rajiv Anand has been functioning as the executive director (Wholesale Banking) of Axis Bank since December 2018.
RBI has from New Year allowed banks to hike charges on cash and non-cash ATM withdrawals once free monthly limit is exhausted.
RBI appoints Yogesh Dayal as additional director on board of RBL Bank; longtime MD & CEO Vishwavir Ahuja steps aside and Rajeev Ahuja takes over as interim head.
Deadline extended as stakeholders not yet ready; RBI’s new rules for card storage data will now come into effect from 1 July.
Omicron variant of Covid-19 exposes global economy to risks and journey of monetary policy is going to get more challenging, RBI Governor Shaktikanta Das said at the MPC meeting.
Bank credit to GDP ratio is 56% while corporate debt to GDP ratio is 90%. So there is huge space for bank credit to grow, says SBI chairman Dinesh Khara.
The two-day nationwide bank strike has ended with the threat that more is to follow if the government decides to go ahead with its privatisation programme.
