Tag Archives: RBI

Stressed asset sales should take place earlier: RBI report

The sale of stressed assets by lenders must be done at an earlier stage to allow for optimal recovery by asset reconstruction companies, a committee appointed by the Reserve Bank of India (RBI) said in a report published on Tuesday. … Continue reading

Posted in Stocks News | Tagged , , , , | Leave a comment

RBI imposes Rs 56 lakh penalty on The Nainital Bank

The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 56 lakh on The Nainital Bank, Uttarakhand, for non-compliance with certain norms related to classification of non-performing assets and frauds. The apex bank had … Continue reading

Posted in Forex | Tagged , , , , | Leave a comment

Das faces bigger challenge in second term to leave a legacy

Mumbai: Forecasts in financial markets, more often than not, end up being way off the mark. But one forecast that everyone involved in crystal-ball gazing on the Indian economy seems to have got right was the reappointment of Shaktikanta Das … Continue reading

Posted in Investing | Tagged , , , , , , | Leave a comment

Let rupee gain to contain imported inflation, boost exports: Report

The RBI should let the rupee rally against the dollar to contain imported inflation coming in mainly from crude prices and help push exports, as the current account risks from rising oil price can be contained at 1.4 per cent … Continue reading

Posted in Forex | Tagged , , , , , , , , | Leave a comment

Most sectors of economy on way to reach pre-pandemic levels, surpass them: NCAER

Painting a rosy picture of the economy, New Delhi-based think tank NCAER on Thursday said that most of the sectors are on their way to reach pre-pandemic levels and surpass them. “The economic news has been favourable on balance, on … Continue reading

Posted in Stock price | Tagged , , , , , , , | Leave a comment

Delhi High Court asks RBI, SBI to respond to plea to revoke prohibition on use of UPI for cryptocurrency e

The Delhi High Court Thursday sought the response of the Reserve Bank of India and State Bank of India on a plea seeking to direct the authorities to revoke the prohibition on the use of UPI platform in dealing and … Continue reading

Posted in Investing | Tagged , , , , , , | Leave a comment

Foreign assets of Indian mutual funds jump to USD 2.9 bn at March-end: RBI

Foreign assets of the mutual fund companies jumped several folds to USD 2.9 billion or Rs 20,982 crore as of the end of March 2021, on account of a rise in the value of equity. According to a Survey of … Continue reading

Posted in Forex | Tagged , , , , , , , | Leave a comment

Benchmark yields surge as RBI talks normalisation

MUMBAI: Yields on Indian bonds surged to their highest in a year and a half on the first trading day after the latest credit policy announcement last week, pointing to the challenges Mint Road is facing to simultaneously guide the … Continue reading

Posted in Market | Tagged , , , , , , , , | Leave a comment

Axis Mutual Fund launches ‘Axis AAA Bond Plus SDL ETF – 2026 Maturity Fund of Fund’

Axis Mutual Fund has announced the launch of Axis AAA Bond Plus SDL ETF 2026 Maturity FoF. The benchmark index has a maturity date of April 30, 2026. The fund of fund is an extension to the Axis AAA Bond … Continue reading

Posted in Stock price | Tagged , , , , , , | Leave a comment

Supporting growth paramount for RBI now: Shaktikanta Das

Stating that “growth is of paramount importance now”, the Reserve Bank on Wednesday said it will do whatever it takes to sustain the fledgling recovery by ensuring ample and assured liquidity and cheaper funds to oil the wheels of the … Continue reading

Posted in Investing | Tagged , , , , , | Leave a comment