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Co-op banks: Reforms the way forward
The steps that RBI took by stipulating eligibility criteria for MDs and CEOs of UCBs should not be the last in the reform of these banks.
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Foreign exchange reserves up $99.2 bn in FY 2020-21: RBI
The valuation gain, reflecting the depreciation of the US dollar against major currencies, amounted to $11.9 billion during 2020-21
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Personal loans grow 13.5% in March 2021: RBI
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period
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RBI in a bind amid weak growth, surging inflation: Report
RBI may hike the repo rate only by Q1 of next fiscal and continue to maintain the accommodative stance in the interim, says Barclays' Rahul Bajoria
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'Co-op banks shall not outsource core management functions'
The Reserve Bank of Indi said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions
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RBI keeps hapless PMC Bank depositors in wait until year-end
RBI wants to give breathing space to the new owners of the fraud-hit bank whose reconstruction is likely to take shape in the next few months
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Third wave & depleted savings may mute consumer spending
The spike in the number of infections and the unavailability of critical medical assistance when needed has undermined the confidence of consumers
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RBI extends regulatory restrictions on PMC Bank till Dec
Paving the way for takeover of PMC, the RBI had earlier in the month granted in-principle approval to Centrum Financial to set up a small finance bank
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Forex reserves decline $4 billion to $603.93 billion
The foreign currency assets, a major component of the overall reserves, declined by $1.918 billion to $561.540 billion for the reporting week
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Covid-19 to worsen indebtedness of states despite economic rebound: S&P
S&P estimates revenues of states to increase by an average of 17% annually over fiscals 2021-2023.
