Post Tagged with: "RBI"

Examine RBI?s powers, role, says House panel

Examine RBI?s powers, role, says House panel

NEW DELHI: A parliamentary panel has recommended setting up of a to evaluate the role, powers and authority of the Reserve () and has said it expects the central bank to provide a coherent road map for 11 public sector banks (PSBs) to come out of its prompt corrective action […]

Former Sebi chief to head RBI panel on MSMEs

Former Sebi chief to head RBI panel on MSMEs

MUMBAI: The on Wednesday set up an expert committee under former chairman U K Sinha to suggest long-term solutions for the economic and financial sustainability of the micro, small and medium enterprises (MSME) sector. The RBI announced the panel a day after it allowed a one-time restructuring of existing debt […]

?Urjit had been wanting to quit for past 6-7 mnths?

?Urjit had been wanting to quit for past 6-7 mnths?

NEW DELHI: Former Reserve Bank of India () governor stepped down due to personal reasons and had been telling the PM about his intention to quit for the past 6-7 months, Prime Minister said on Tuesday. “I am revealing for the first time, he (Urjit Patel) was telling me about […]

RBI lines up relief package for debt-hit MSMEs

RBI lines up relief package for debt-hit MSMEs

MUMBAI: In a move that will benefit thousands of troubled small businesses, banks and companies will grant debt relief to micro, small and medium enterprises (MSMEs) saddled with loans of up to Rs 25 crore that are facing stress but are not yet classified as bad loans. Announcing the scheme, […]

‘Govt not seeking RBI reserves to meet fiscal deficit‘

‘Govt not seeking RBI reserves to meet fiscal deficit‘

NEW DELHI: Finance minister on Monday said the government was not seeking Reserve Bank surplus to meet but to utilise them for accelerating poverty alleviation programmes and recapitalising the state-owned banks. Replying to a debate on the second batch of supplementary demands for grants in the Lok Sabha, the minister […]

Banking sector on ‘course to recovery‘ as NPAs recede: RBI

Banking sector on ‘course to recovery‘ as NPAs recede: RBI

MUMBAI: The is on “course to recovery” as the afflicting non-performing assets recede, but state-run lenders need reforms in governance, Reserve Bank of India () governor said on Monday. The weaker ones among the public sector banks need to be supported through recapitalisation, the governor said in his foreword to […]

Bad loans will shrink in March: RBI

Bad loans will shrink in March: RBI

MUMBAI: The Reserve Bank of India (RBI) has said that the ratio of has improved from last year and is expected to further decline in March 2019?s financial results. governor has, however, said that despite the improvement, the current levels of bad loans are still too high for comfort. In […]

RBI gives relief to MSME sector, provides for one-time restructuring of loans

RBI gives relief to MSME sector, provides for one-time restructuring of loans

MUMBAI: In a new year gift to the , the Reserve Bank on Tuesday allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets. The decision […]

Not dissatisfied with RBI, says Arun Jaitley

Not dissatisfied with RBI, says Arun Jaitley

NEW DELHI: Finance minister on Friday replied in negative to a question whether the government was not satisfied with the functioning of the . In a written reply to the , the minister quoted a report of IMF, which said supervision and regulation by central bank was strong and improved […]

PCA-banks see slower bad debt growth: RBI

PCA-banks see slower bad debt growth: RBI

MUMBAI: Government-run put under the prompt corrective action (PCA) framework by the Reserve (RBI) have shown lower growth in gross non-performing assets (NPAs) as against those not under , the central bank?s report on ?Trend and Progress of Banking in India – 2017-18? said. The also said that it will […]