Banking Regulation News - Latest Updates & Headlines
RBIs new governor adopting a more consultative approach in decision making: Nuvama
New Delhi, February 27: The Reserve Bank of India (RBI) has adopted a more consultative approach under its new Governor, as reflected in its recent decision to roll back the increase in risk weightage on loans to Non-Banking Financial Companies (NBFCs) and Microfinance Institutions (MFIs), according to a report by Nuvama Research.
RBI Dy Governor red-flags excessive loans for risky capital market investments
Mumbai, Feb 21: Excessive borrowing in unsecured loans and the euphoria in derivative capital markets is a cause for concern, Reserve Bank of India Deputy Governor Rajeshwar Rao said on Friday.
Government actively considering raising deposit insurance limit beyond Rs 5 lakh
Mumbai, February 17: The government is actively considering raising the deposit insurance scheme limit beyond Rs 5 lakh, said the secretary at the Department of Financial Services, M Nagaraju, on Monday.
RBI takes control: New India Co-operative Bank's board superseded amid crisis
Mumbai, Feb 14: The Reserve Bank of India (RBI) on Friday took strong action against the New India Co-operative Bank by removing its board of directors for a period of 12 months, effective from February 14.
RBI supersedes New India Cooperative Bank board for 12 months
Mumbai, February 14: Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement on Friday, a day after it imposed several restrictions on the lender.
RBI lifts restrictions on Kotak Mahindra Bank from issuing credit cards, adding customers online
New Delhi, February 12: The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender.
RBI gives go-ahead for forward contracts in Govt securities
Mumbai, Feb 7: The Reserve Bank Governor announced on Friday that the RBI will be introducing forward contracts in Government securities for which the directions will be issued shortly.
RBI may ease LCR norms to help banks amid tight liquidity: Jefferies Report
New Delhi, January 28: The Reserve Bank of India (RBI) may relax the Liquidity Coverage Ratio or LCR norms to inject additional liquidity into the banking system according to a report by Jefferies.
RBI in touch with banks on new liquidity norms amid fears of credit flow being hit
Mumbai, Jan 24: The Reserve Bank of India (RBI) has got in touch with banks this week to understand the impact of its new liquidity coverage norms following concerns that the move would adversely impact the flow of credit in the economy.
RBI introduces revised framework for ARC-borrower settlements
Mumbai, January 20: The Reserve Bank of India (RBI) has issued revised guidelines for the settlement of dues payable by borrowers to Asset Reconstruction Companies (ARCs) on Monday (January 20), and to take immediate effect.
RBI eases FEMA rules to boost rupee payments in cross-border deals
Mumbai, Jan 16: The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries.
RBI allows Asirvad, DMI Finance to resume lending operations
Mumbai, Jan 8: The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.