Higher NPAs hinder monetary policy transmission: RBI
High incidence of non-performing assets (NPAs) in banks acts as a major roadblock in transmission of monetary policy actions of
Read more
Banking News
Extension of moratorium period may affect credit discipline
RBI has told the Supreme Court that continuation of the loan moratorium period beyond the six months already granted may
Read more
MFIs write to RBI seeking change in base rate calculation
Microlenders have asked the RBI to change the way base rate is calculated for smaller microfinance institutions (MFIs) to make
Read more
RBI’s loan recast framework to support Covid-hit realty projects
The Reserve Bank of India’s framework for loan recast or stress resolution for the Covid-19 related stress which allows banks
Read more
RBI shuffles roles of deputy governors
The newly appointed RBI deputy governor M Rajeshwar Rao has taken charge of key portfolios in the regulation, enforcement, inspection,
Read more
Union Bank of India MD & CEO Rajkiran Rai new IBA chairman
Indian Banks’ Association (IBA) said Union Bank of India’s MD and CEO Rajkiran Rai G has been elected as the
Read more
International Monetary Fund emphasizes importance of Atmanirbhar Bharat
Prime Minister Narendra Modi’s call for an “Aatmanirbhar Bharat” (self-reliant India) is an important initiative, the International Monetary Fund (IMF)
Read more
Exim Bank extends $400m loan to Maldives
Export-Import Bank of India (EXIM Bank), on behalf of the Government of India, has extended a soft loan of $400m
Read more
Bank credit up 5%, deposits clock 12% growth
Bank credit grew 5.26 per cent to Rs. 102.24 trillion while deposits rose 11.98 per cent to Rs. 142.48 trillion
Read more
Small banks must have an ED in addition to MD and CEO
According to banking experts RBI must ensure that small to mid-sized private sector banks should have an Executive Director in
Read more