RBI Updates Banner
PROVISIONING: RBI’S SHOCKER TO BANKERS

BE/RBI/20/2017 At the meeting of the Bank chiefs on Friday the 23rd June ’17, RBI demanded a huge rise in the provisions on Loans, which are being referred to Bankruptcy courts.  Possibly this is likely to end up with additional expenditure of Rs. 50,000 crores on the bankers. The rule states that: At least 50%

PROVISIONING: RBI’S SHOCKER TO BANKERS

BE/RBI/20/2017 At the meeting of the Bank chiefs on Friday the 23rd June ’17, RBI demanded a huge rise in the provisions on Loans, which are being referred to Bankruptcy courts.  Possibly this is likely to end up with additional expenditure of Rs. 50,000 crores on the bankers. The rule states that: At least 50%

BANKS’ CREDIT GROWTH

BE/RBI/19/2017 RBI has informed that the credit growth of Banks, has risen to Rs. 7,658.212 crores, during the fortnight ended 9th June which was Rs. 7,222.939 crore during the same period last year. This means that there is a growth in the credit portfolio to the tune of 6.02 per cent during the period under

BANKS’ CREDIT GROWTH

BE/RBI/19/2017 RBI has informed that the credit growth of Banks, has risen to Rs. 7,658.212 crores, during the fortnight ended 9th June which was Rs. 7,222.939 crore during the same period last year. This means that there is a growth in the credit portfolio to the tune of 6.02 per cent during the period under

FOREX BUYING

BE/RBI/18/2017 RBI contemplates to increase the foreign exchange (FOREX) buying and proposes to cut 25 Basic points in interest rate on 2nd August 2017. BofAML (Bank of America Merrill Lynch), the global financial services, is likely to take back the liquidity from September this year, which means, RBI should be able to recoup forex reserves.

FOREX BUYING

BE/RBI/18/2017 RBI contemplates to increase the foreign exchange (FOREX) buying and proposes to cut 25 Basic points in interest rate on 2nd August 2017. BofAML (Bank of America Merrill Lynch), the global financial services, is likely to take back the liquidity from September this year, which means, RBI should be able to recoup forex reserves.

RBI Policy Monetary Policy Committee Decision

BE/RBI/17/2017 RBI policy Monetary Policy Committee decision Salient Features of the meeting are: MPC leaves rates unchanged, lowers inflation forecast MPC decides to leave repo rate unchanged and lower its inflation forecast. SLR has been brought down by 50 basis points with no change in HTM. Thus, the forecast on inflation was also lowered, due

RBI Policy Monetary Policy Committee Decision

BE/RBI/17/2017 RBI policy Monetary Policy Committee decision Salient Features of the meeting are: MPC leaves rates unchanged, lowers inflation forecast MPC decides to leave repo rate unchanged and lower its inflation forecast. SLR has been brought down by 50 basis points with no change in HTM. Thus, the forecast on inflation was also lowered, due

Lenders should adopt new policy for appointment of CFOs and CTOs

BE/RBI/16/2017 LENDERS SHOULD HAVE CFOs, CTOs Banking Sector has been witnessing various changes in the recent past.  Banks are expected to have people devoted fully for handling the functions of CFOs and CTOs, which is not yet complied with by many of the Banks.   Now RBI has come out with yet another change in the

Lenders should adopt new policy for appointment of CFOs and CTOs

BE/RBI/16/2017 LENDERS SHOULD HAVE CFOs, CTOs Banking Sector has been witnessing various changes in the recent past.  Banks are expected to have people devoted fully for handling the functions of CFOs and CTOs, which is not yet complied with by many of the Banks.   Now RBI has come out with yet another change in the