Reserve Bank Of India | The Asian Age

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If the resolution plan entails restructuring of the loans, the standard loans will get classified as NPAs.

New rules to boost NPAs

According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and will need resolution.

14 Feb 2018 1:11 AM

Govt has unveiled a Rs 2.11 lakh crore capital infusion plan for the PSBs, including via bonds, in the next two years.

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM

India’s industrial output, grew 4.0 per cent year-on-year in December, compared with 7.4 per cent growth in November. (Photo: PTI)

January retail inflation seen easing slightly, still above target: Reuters poll

WPI likely eased in January, to 3.25 per cent from a year ago, compared to 3.58 per cent in December.

09 Feb 2018 1:20 PM

While maintaining its neutral stance on the monetary policy, RBI has also cautioned against any sustained deviation from the fiscal deficit path as it could have an adverse impact on inflation. (Photo: PTI)

Inflation fears force RBI to hold key rates

Reverse repo rate remains at 5.75 pc and marginal standing facility rate and Bank Rate at 6.25%.

08 Feb 2018 12:21 AM

In the budget for 2017-18, Finance Minister Arun Jaitley had pegged dividend income from the RBI, public sector banks and financial institutions at Rs 74,901 crore. (Photo: PTI)

Govt eyeing surplus funds lying with SEBI to bridge fiscal deficit gap

The government has already sought dividend of about Rs 13,000 crore from the Reserve Bank of India for 2016-17.

04 Feb 2018 1:54 PM

Meanwhile, the RBI said gold reserves remained unchanged at 20.421 billion dollars.

Forex reserves soar by USD 3 billion to USD 417.789 billion

Earlier, foreign exchange reserves registered a new high of USD 414.784 billion in the week to January 19.

03 Feb 2018 12:39 PM

Rs 10 note in brown colour

The Reserve Bank will soon bring into circulation new Rs 10 denomination banknotes in chocolate brown color.

06 Jan 2018 1:09 AM

Bitcoin surged by more than 900 per cent in value in 2017, which has raised fears of a bubble around countries.

Bitcoins, other virtual currencies like Ponzi schemes: FinMin

It pointed out that people dealing in them must consider these facts and beware of the risks involved in dealing in virtual currencies.

30 Dec 2017 4:42 AM

The RBI can’t escape its responsibility for these bad loans as its representative sits on the boards of PSU banks. (Photo: PTI)

RBI’s data on banks’ bad loans disturbing

The defaults of a few big borrowers amount to over 70 per cent of bad loans, according to the All-India Bank Employees Association.

28 Dec 2017 1:23 AM

The government on November 8 last year had announced demonetisation of high value notes, Rs 500 and Rs 1,000, which together accounted for 86-87 per cent of the currency in circulation.

Printing of Rs 2,000 note may be on hold: Report

The total value of such notes translates into Rs 15,787 billion.

21 Dec 2017 2:09 AM

This comes two days after the Reserve Bank of India cautioned users, holders, and traders of virtual currencies including bitcoins.

UP STF unearths Bitcon racket

Bitcoin falls under the scope of crypto-currency and the value of a bitcoin depends on availability and demand.

09 Dec 2017 12:15 AM

Vice-President M. Venkaiah Naidu (Photo: PTI)

RBI should explain demonetisation benefits, says Venkaiah Naidu

The vice-president was addressing the 12th annual convention of the Central Information Commission (CIC) here.

07 Dec 2017 4:06 AM

This according to market participants would help the RBI to focus on keeping inflationary pressures under check. (Photo: PTI)

RBI likely to hold rates: DBS Bank

With limited headroom for fiscal stimulus, pressure for monetary support is likely to increase.

06 Dec 2017 1:12 AM

RBI is also likely to be concerned that govt may have a wider fiscal deficit in fiscal year ending in March than 3.2 per cent target. (Photo: AFP)

RBI wary on inflation, set to keep rates on hold

RBI is likely to reiterate concern about inflation, as annual rate increased to 3.58 per cent in October.

05 Dec 2017 12:21 PM

Talking about the Goods and Services Tax (GST), former RBI governor Raghuram Rajan said it is good in the long run even though there are some issues. (Photo: File)

Happy being professor, no intention of entering politics: Raghuram Rajan

The AAP had approached Rajan offering him a Rajya Sabha seat from Delhi, which was reportedly rejected by the ex-RBI governor.

27 Nov 2017 9:56 AM

Rs 1 note set to turn 100 on November 30

Although the printing of one-rupee note was stopped in 1995, the Reserve Bank of India resumed it after 21 years in 2016.

26 Nov 2017 6:46 AM

Note ban: 460 bank officials punished

Addressing a press conference, he said the commission acted on all such complaints of corruption and took necessary action.

27 Oct 2017 1:03 AM

Additional Rs 40,000 crore NPAs may come to haunt banks

According to estimates, total outstanding loan of these accounts at the end of June 2017 were about Rs 42,000 crore.

23 Oct 2017 4:34 AM

RBI may not cut rate in near term, says Experts

MPC minutes show RBI’s focus on containing inflation.

21 Oct 2017 4:11 AM

Although India's retail inflation for the month of September remained steady, hopes of a rate cut by the RBI are still bleak as it expects higher inflation in coming months. (File Photo)

Consumer inflation holds steady in September, chances of rate cut bleak

Chances of policy rate cut by the Monetary Policy Committee as the RBI expects inflation to rise in coming months.

13 Oct 2017 11:24 AM

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