RBI

Gross NPA ratio improves to 9.1 as of Sept end: RBI

6:12 pm December 24, 2019

Mumbai: As bad loan recognition process nears completion, gross non-performing loans of banks improved to 9.1 per cent as of end-September 2019, compared to 11.2 per cent in FY18, says an RBI report. Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18. […]

Economic growth will only move upwards: Shaktikanta Das

We can’t keep on slashing policy rates every time: Das

2:29 pm December 5, 2019

Mumbai: After surprisingly holding the rates, Reserve Bank governor Shaktikanta Das on Thursday said the Reserve Bank cannot “mechanically” keep cutting interest rates every time. He said the central bank will wait for the impact of the coordinated measures taken by the government and the RBI over the past few months to push growth to […]

RBI satisfied with pace of monetary transmission

2:13 pm December 5, 2019

Mumbai: Reserve Bank governor Shaktikanta Das on Thursday expressed satisfaction with bankers for passing its rate cuts to borrowers, saying the monetary transmission has been full and reasonably swift. He further said transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan pricing to […]

RBI keeps benchmark interest rate unchanged at 5.15%

1:58 pm December 5, 2019

Mumbai: The Reserve Bank of India on Thursday kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy. The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy. “The Monetary […]

Three final offers received for PMC Bank resolution, says RBI Guv

Another auditor arrested in PMC Bank scam

8:56 pm November 13, 2019

Mumbai: The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank, an official said on Wednesday. This is the eighth arrest in the case. Anita Kirdat (35), a `concorrent auditor’ of the bank, was arrested on […]