Tag Archives: Reserve Bank of India

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

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FIPB abolition: Will the wheels of foreign investment approval slow down

By Kartik Jain Early this year, on February 1, 2017, Finance Minister Arun Jaitley in his Budget speech had first proposed the abolition of Foreign Investment Promotion Board (“FIPB“) the inter-ministerial body which has been the nodal agency for processing … Continue reading

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Resources for developing financial literacy at a young age to ensure entrepreneurship-led growth

Financial literacy, like every other life skill, is crucial. The earlier you expose it to your children, the better their money management abilities will be later in life. This money management practice lays a solid foundation for concepts like saving, … Continue reading

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Concept of joint audit has worked very well: Amarjit Chopra, ex-president, ICAI

The central bank’s recent norms governing the functioning of auditors at financial firms have drawn its share of opposition. But several other auditors have backed the new directives, arguing that the changes would simultaneously enhance oversight standards while breaking the … Continue reading

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Institute of Internal Auditors offers fast track internal auditor certification

The Institute of Internal Auditors (IIA) is offering its globally recognised internal auditor certification through a single exam, against the more comprehensive three part certified internal auditor (CIA) exam. The new CIA challenge exam will be available to members of … Continue reading

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BILT Graphic Paper gets insolvency breather from Delhi High Court

MUMBAI: The Delhi High Court has ordered IDBI Bank not to initiate insolvency proceedings against BILT Graphic Paper, which figures in the list of 29 companies that the Reserve Bank of India ordered banks to resolve through bankruptcy laws. BILT … Continue reading

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RBI issues small finance bank licence to Centrum and BharatPe combine

The Reserve Bank of India (RBI) issued a Small Finance Bank (SFB) license to the consortium of Centrum Financial Services, and Digital payments platform BharatPe, said two people familiar with the matter. A new bank license has been issued after … Continue reading

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Microfinance lenders should not throw caution to the winds while chasing growth, says RBI’s Rajeshwar Rao

The Indian microfinance sector needs to exercise caution while chasing growth and lenders to the economically weaker section should not overlook the social objectives embedded in their business, Reserve Bank of India (RBI) deputy governor M Rajeshwar Rao said Wednesday. … Continue reading

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Indian banks face rise in bad loans to 8-9% of lending: CRISIL

Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency CRISIL said in a report on Tuesday. The rises … Continue reading

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RBI imposes penalty of Rs 1 crore on State Bank of India over non-compliance of directions

The Reserve Bank of India imposed a monetary penalty of Rs 1 crore on State Bank of India for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions … Continue reading

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