RBI - Latest News on RBI | Read Breaking News on Zee News
RBI to start announcing too-big-to-fail banks in Aug 2015

RBI to start announcing too-big-to-fail banks in Aug 2015

Last Updated: Tuesday, July 22, 2014, 19:25

The Reserve Bank of India (RBI) said it would start disclosing the names of banks deemed as domestic systematically important banks (D-SIB), the rough equivalent of too-big-to-fail in other countries, in August of each year starting in 2015.

RBI sets rules for loans against gold intended for non-farm use

RBI sets rules for loans against gold intended for non-farm use

Last Updated: Tuesday, July 22, 2014, 19:04

The Reserve Bank of India said on Tuesday loans for non-agricultural purposes backed by pledges of gold ornaments and jewellery had to have a loan-to-value ratio of 75 percent against the pledged items.

India firms borrowed USD1.89 bn from overseas mkts in June: RBI

India firms borrowed USD1.89 bn from overseas mkts in June: RBI

Last Updated: Tuesday, July 22, 2014, 18:43

Borrowings by Indian firms declined by over 3 percent from a year ago to USD 1.89 billion in June 2014, according to Reserve Bank data released today. During June 2013, India Inc had raised USD 1.95 billion from overseas markets by way of external commercial borrowings (ECBs).

Forex reserves rise $643.2 mln to $317.03 bn

Last Updated: Friday, July 18, 2014, 19:44

In the previous week, reserves had risen by USD 614.6 million to USD 316.393 billion.

'Small banks will provide big push to financial inclusion'

Last Updated: Friday, July 18, 2014, 18:38

The RBI said payment banks will need to have a minimum capital of Rs 100 crore as against Rs 500 crore required for full-fledged commercial lenders.

RBI asks banks not to charge usurious interest rate on loans

Last Updated: Friday, July 18, 2014, 18:35

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans.

Muthoot, Manappuram surge up to 9% on RBI's draft guidelines

Last Updated: Friday, July 18, 2014, 14:00

Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.

RBI issues draft norms for small banks, payment banks

Last Updated: Thursday, July 17, 2014, 19:06

A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.

RBI issues draft guidelines for setting up small, payment banks

Last Updated: Thursday, July 17, 2014, 18:12

The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.

Banks to benefit more than HFCs through long-term bonds: Icra

Last Updated: Thursday, July 17, 2014, 18:01

The incentives announced by the RBI "are likely to have a positive impact on banks' competitive position vis-a-vis the housing finance companies", it said in a note.

RBI, Monetary Authority of Hong Kong ink MoU for info exchange

Last Updated: Thursday, July 17, 2014, 13:36

With this, RBI has signed MoUs with 21 supervisors for supervisory co-operation.

RBI says IDFC agrees to pare FII limit to 50.5%

Last Updated: Wednesday, July 16, 2014, 20:52

Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 percent to 50.50 percent, as part of plans to progressively pare foreign investor holding to 49 percent to run banking services.