Tag Archives: RBI

RBI Move On Insolvency Proceedings Credit Positive: Moody’s

New Delhi: Moody’s Investors Service on Monday said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality. The Reserve Bank last week said it has identified 12 large loan defaulters who account for 25 per cent of the total NPAs or bad loans in the ... Read More »

RBI Governor Cited ‘High Uncertainty’ On Inflation For June 7 Policy Review

  Mumbai: Reserve Bank of India Governor Urjit Patel cited “high uncertainty” on inflation while holding the key interest rate for a fourth successive policy review, according to minutes of the June 7 meeting of Monetary Policy Committee released on Wednesday. It was the first time that a Monetary Policy Committee (MPC) member had voted against the majority decision. At ... Read More »

ICICI, Axis, SBI Gain, RBI To Get Power To Act Against Loan Defaulters

Shares of public and private sector lenders were witnessing good buying interest in trade today a day after the Union Cabinet empowered the Reserve Bank of India (RBI) to act against wilful defaulters. The Union Cabinet cleared an ordinance empowering the Reserve Bank of India (RBI) to act against wilful defaulters. The ordinance has been sent to the president for ... Read More »

RBI may go for status quo in Aug 9 meet: DBS

The Reserve Bank of India may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 per cent and July-August prints may also stay high. According to the global financial services major, the room for further easing by the Reserve Bank is dependent on the inflation path and ... Read More »

RBI on-tap bank licence: Draft guidelines NBFCs, individuals, groups with finance biz can be eligible

Setting the stage for the entry of more private sector players into the banking system, the Reserve Bank of India (RBI) has allowed individual promoters, non-banking finance companies and business groups predominantly into the financial sector to apply for on-tap bank licences. However, RBI has proposed that large industrial groups in the manufacturing sector will be excluded and they will ... Read More »

RBI allows foreign investors to buy up to 49% in Ponni Sugars

Reserve Bank has allowed foreign investors to invest up to 49 percent of the paid-up capital in Ponni Sugars (Erode) Ltd. Foreign Institutional Investors/Registered Foreign Portfolios Investors/Qualified Foreign Investors/Non Residential Indians)/Person of Indian Origin can now invest up to 49 per cent of the paid up capital of Ponni Sugars Erode Limited under the Portfolio Investment Scheme (PIS). RBI said ... Read More »