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RBI

'Chanda Kochhar draws Rs 6.09 crore remuneration in FY17'

'Chanda Kochhar draws Rs 6.09 crore remuneration in FY17'

ICICI Bank on Monday said its managing director and CEO Chanda Kochhar has drawn Rs 6.09 crore as total remuneration in 2016-17.

'RBI unlikely to cut rates; to be less hawkish at next policy'

'RBI unlikely to cut rates; to be less hawkish at next policy'

The Reserve Bank is unlikely to cut rates at its policy review next week but the tone of the statement will be less hawkish than the previous one, domestic rating agency Icra said on Monday.

RBI, Sebi step up NSE algo probe, top officials under scanner

Regulators RBI and Sebi have stepped up probe into alleged lapses in high-frequency trading offered through NSE's 'co-location' facility, while the role of some top officials including board member and ex-CEO Ravi Narain is also being looked into.

Rupee recovers from 7-week low, up 16 paise at 64.73

Rupee recovers from 7-week low, up 16 paise at 64.73

The rupee on Wednesday reclaimed some lost ground by rebounding 16 paise to 64.73 following fresh bouts of dollar selling by banks and exporters.

RBI refuses to disclose list of loan defaulters

RBI refuses to disclose list of loan defaulters

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of the Supreme Court in 2015 to make this information public.

RBI to reconstitute oversight committee to deal with bad loans

RBI to reconstitute oversight committee to deal with bad loans

After central government armed it with additional powers to resolve bad loans with banks that have crossed Rs 8 lakh crore, the RBI on Monday decided to reconstitute the oversight committee with more members.

15 Army teams to be deployed in major RBI offices by Thursday

Army sources said two teams had already been working with the RBI and the additional manpower will help the bank in shredding of the demonetised notes.

Framework under NPA ordinance by RBI may be out within 15 days

The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.

Urjit Patel to brief Parliamentary panel on demonetisation on June 8

Urjit Patel to brief Parliamentary panel on demonetisation on June 8

RBI Governor Urjit Patel's appearance before a parliamentary panel for a second briefing on demonetisation has been put off from May 25 to June 8, as work on framing the monetary policy would be underway at that time.

Forex reserves down $443.6 million to $375.27 billion

Forex reserves down $443.6 million to $375.27 billion

After touching a record high, the country's forex reserves declined marginally by USD 443.6 million to USD 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said.

'GST rates unlikely to hurt inflation, RBI to be less hawkish'

'GST rates unlikely to hurt inflation, RBI to be less hawkish'

A day after the GST council decided on the rates, domestic rating agency Icra on Friday said the structure is unlikely to fan inflation, and the Reserve Bank will be "less hawkish" in its stance at June 7 review.

RBI urges banks to appoint CFOs and CTOs

The Reserve Bank of India (RBI) on Thursday urged banks to appoint chief financial officer (CFO) and chief technology officer (CTO) in their management structure with a minimum 15 years of experience in relevant areas.

Paytm to start payments bank from May 23; Renu Satti to be CEO

Paytm to start payments bank from May 23; Renu Satti to be CEO

After months of delay, Paytm is now set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India.​

Paytm to start payments bank operations from May 23

Paytm to start payments bank operations from May 23

After months of delay, Paytm is now all set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India (RBI).

Ransomware: RBI asks banks to follow CERT-In instructions on WannaCry attack

Ransomware: RBI asks banks to follow CERT-In instructions on WannaCry attack

RBI has asked banks to follow the instructions of government organisation CERT-In to prevent the attack by ransomware, 'WannaCry', which has impacted various IT networks in over 150 countries.

Good news for home buyers! ICICI Bank cuts interest on housing loan by up to 0.3%

Good news for home buyers! ICICI Bank cuts interest on housing loan by up to 0.3%

After State Bank of India (SBI) and LIC Housing Finance, ICICI Bank on Monday decided to cut home loan rate by up to 0.3 percent for loans up to Rs 30 lakh to promote affordable housing.

 

 

RBI on hold for now, 0.25% rate hike likely in 2018: Nomura

RBI on hold for now, 0.25% rate hike likely in 2018: Nomura

The Reserve Bank is expected to keep rates on hold this year as near-term inflation outlook is benign, but a cumulative 50 bps hike in 2018 is likely as growth accelerates, says a report.

MeitY reaches out to RBI, others against Wanna Cry ransomware

The IT ministry has reached out to key stakeholders like RBI, National Payments Corporation of India, NIC and UIDAI (Aadhaar) to advise them to protect their systems against 'Wanna Cry' ransomware to ensure that the digital payments ecosystem in the country is protected.

RBI goes for security upgrade for note storage, transportation

RBI goes for security upgrade for note storage, transportation

In view of heightened threat perception, the Reserve Bank of India has initiated an exercise to upgrade measures for secured storage and movement of currency at over 4,000 chests across the country.

Banks set to see higher provisioning on new norms next fiscal

Banks are planning higher provisioning on new norms next fiscal of new accounting norms. It will ask lenders to make higher provisioning for loans.