Loan moratorium scheme: SC says Centre’s affidavit on waiving interest on interest unsatisfactory

The top court ordered the Centre and the RBI to place on record the KV Kamath Committee recommendations to bail out sectors affected by the pandemic.

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· Oct 05, 2020 · 04:36 pm

Loan moratorium scheme: SC bars non-NPA accounts from being declared NPAs for two months

Justice Ashok Bhushan said in his order that banks should take no action against borrowers that is coercive.

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· Sep 03, 2020 · 05:41 pm

Finance ministry asks banks not to levy any charges on electronic transactions

The CBDT said the Ministry of Finance has asked banks to immediately refund charges collected from January 1, 2020, for electronic payments.

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· Aug 31, 2020 · 08:20 am

Raghuram Rajan hits back at Centre, says most of his time as RBI chief was under BJP-led government

The former RBI governor said in an interview that India needed another generation of economic reforms.

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· Oct 31, 2019 · 06:51 pm

IDBI Bank to be infused with more than Rs 9,000 crore, says Centre

The struggling lender’s shares jumped 10.84% after the announcement.

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· Sep 03, 2019 · 04:19 pm

Reserve Bank of India scraps charges on digital payments made through RTGS and NEFT

Instructions to banks in this regard will be issued within a week.

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· Jun 06, 2019 · 01:17 pm

RBI holds board meeting headed by Shaktikanta Das, says it will further examine governance framework

The central bank also said that the board of directors reviewed the current economic situation in the country.

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· Dec 14, 2018 · 08:21 pm

RBI crisis: India is moving fast and breaking the wrong things

Undermining the central bank in the name of the public interest, just when the institution finally has some capacity to serve the public, would be a real shame.

Andy Mukherjee, Bloomberg

· Nov 12, 2018 · 10:30 am

Securitisation: The risky business that fuelled the 2007 financial crisis is making a comeback

Securitisation allowed banks to repackage and sell bad debt to third-party investors, and drove opportunistic behaviour.

Solomon Y Deku, The Conversation

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Alper Kara, The Conversation

· Sep 18, 2018 · 07:30 pm

State Bank of India raises benchmark lending rates by 20 basis points for September

The country’s largest lender raised the overnight Marginal Cost of Funds-based Lending Rate from 7.90% to 8.10%.

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· Sep 01, 2018 · 12:49 pm

Centre to set up panel to resolve stressed accounts in public banks, says Piyush Goyal

The banks will also set up a dedicated mechanism to tackle the matter of bad loans, the finance minister said after meeting their heads.

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· Jun 08, 2018 · 07:01 pm

State Bank of India, Punjab National Bank raise lending rates

The SBI has also revised interest rates on domestic term deposits.

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· Mar 01, 2018 · 02:42 pm