IDBI Bank Falls After RBI Slaps Penalty

Gold Silver Reports (GSR) – IDBI Bank Falls After RBI Slaps Penalty — Shares of the government-owned lender extended decline to second day and fell as much as 3.2 percent to Rs 69.80. The Reserve Bank of India slapped a penalty of Rs 3 crore on the bank for non-compliance of bad …

READ MORE…

RBI Gold News

RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank

Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.                               

READ MORE…

RBI On Developmental & Regulatory Policies

RBI On Developmental & Regulatory Policies 📌 Mandatory loan component in working capital facilities. 📌 Not necessary to activate counter cyclical capital buffer at this point. 📌 All payments systems data will be stored only in India, companies required to ensure compliance within 6 months. 📌 RBI proposes to permit NRIs to invest in …

READ MORE…

Monetary Policy: RBI KEEPS REPO RATE UNCHANGED AT 6% AS EXPECTED

Monetary Policy: RBI KEEPS REPO RATE UNCHANGED AT 6% AS EXPECTED Banking Shares Extend Gains As RBI Keeps Rate Unchanged Gauge of banking shares on the National Stock Exchange — Nifty Bank index was trading near day’s highest level after the Reserve Bank of India kept policy rates unchanged and …

READ MORE…

RBI Pause on Interest Rate Hike May Last Only Till December

Banks Gain As RBI Grants Breather Ahead Of Monetary Policy Decision

Gold Silver Reports (GSR) – Banks Gain As RBI Grants Breather Ahead Of RBI Monetary Policy Decision — Shares of private and government-owned lenders were trading higher after the Reserve Bank of India provided relief to lenders by allowing them to reduce provisioning on NCLT accounts for March quarter ahead of the monetary policy decision.                                            

READ MORE…

PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses

Gold Silver Reports (GSR) – PSU Banks Rally After RBI Allows Banks To Spread Bond-Trading Losses — Shares of the government-owned banks were trading higher after the Reserve Bank of India allowed banks to spread their bond-trading losses incurred in the December 2017 and March 2018 quarters equally over as long as four quarters.

READ MORE…

Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term

Gold Silver Reports (GSR) – Axis Bank Falls After RBI Asks Board To Reconsider Fourth Three-Year Term — Shares of the country’s third largest private sector lender fell as much as 3.6 percent to Rs 492.20 after the Reserve Bank of India asked its board to reconsider fourth three-year term it handed to CEO Shikha Sharma, The Economic Times reported citing people aware of the development.                      

READ MORE…

PNB Fraud: Nirav Modi's Assets, Valuables worth Rs 255 cr Seized by Enforcement Directorate in Hong Kong

RBI says Examining Enforcement Action; PNB Fraud Case

Gold Silver Reports (GSR) – RBI says Examining Enforcement Action; PNB Fraud Case — Replying to an RTI query, the central bank also said it has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks.                                   

READ MORE…