Wednesday, Jun 21, 2023
Journalism of Courage
Reserve Bank of India
RESERVE BANK OF INDIA NEWS
RBI defends compromise settlement, says lenders to exercise ‘discretion’
June 21, 2023 9:22 am
According to the RBI, the primary regulatory objective of the circular -- issued on June 8, 2023 -- is to enable multiple avenues to lenders to recover the money in default without much delay.
Govt appoints SBI MD Swaminathan Janakiraman as RBI deputy governor
June 20, 2023 4:37 pm
The government on Tuesday appointed Swaminathan Janakiraman as a deputy governor of the Reserve Bank of India for three years from the date of joining.
On defaulters, RBI prioritises public interest
June 20, 2023 7:40 am
Banks are commercial enterprises and should be allowed to operate accordingly. In principle, separating a commercial decision such as loan recovery from criminal proceedings against wilful defaulters is a step in the right direction
Bombay HC stays bank action under RBI’s master circular till September 11
June 20, 2023 1:29 pm
The bench was told that the Supreme Court had considered the issue in appeal against the Telangana High Court order. On March 27, the apex court upheld the Telangana HC order that set aside the RBI decision.
Bombay HC stays bank action under RBI master circular allowing declaration of accounts as fraudulent without hearing
June 20, 2023 4:04 pm
The pleas claimed that based on the circular, no opportunity of being heard was given to borrowers before classifying their accounts as fraud accounts.
Banks may have to settle with some of the 16,044 wilful default accounts with Rs 346,479 crore debt till end-2022
June 18, 2023 8:37 am
The amount stuck in the wilful default category has jumped by 41 per cent, or over Rs one lakh crore in the last two years from Rs 245,767 crore in December 2020, according to data compiled by Transunion Cibil, a credit information company registered with the RBI.
Credit card NPAs rise Rs 765 crore in 9 months to Rs 3,887 cr amid RBI caution
June 18, 2023 9:04 am
However, credit card NPAs made up just 2.16 per cent of the total credit card outstanding or loan exposure as of December 2022, a marginal increase from 2.11 per cent on March 31, 2022.
Cash with public falls by Rs 83,242 cr after RBI move to withdraw Rs 2,000 note
June 17, 2023 4:41 pm
Currency with the public is arrived at after deducting cash with banks from total currency in circulation. Currency in circulation refers to cash or currency within a country that is physically used to conduct transactions.
Express View on RBI’s framework for wilful defaulters: Don't give a free pass
June 16, 2023 8:10 am
It must reconsider this system that allows compromise settlement with wilful defaulters and fraud accounts
Compromise settlement for wilful defaulters: How RBI's controversial move impacts the banking sector
June 15, 2023 1:29 pm
By allowing wilful defaulters and fraudsters to settle loans under compromise, the RBI is effectively condoning their actions, placing the burden of their misdeeds on the shoulders of ordinary citizens.
RESERVE BANK OF INDIA PHOTOS
Farmers' plight should "shake the conscience" of the banking sector : PM Narendra Modi
April 02, 2015 5:27 pm
PM Narendra Modi complimented RBI Governor Raghuram Rajan for his grasp and clarity on economic issues.
RESERVE BANK OF INDIA VIDEOS
Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?
June 22, 2020 6:05 pm
Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.
