Fall in credit growth Reserve Bank of India (RBI) has informed that the year-on-year growth in outstanding gross loans & advances reported by Scheduled Commercial Banks (SCBs) stood at 3.90% as on 31.12.2016 over 31.12.2015. According to Financial Stability Report of December 2016, SCBs may remain risk averse in the near future as they clean up their balance sheets and … [Read more...] about Fall in credit growth
RBI Orders, Notifications, Directions and Instructions
Reserve Bank of India seeks Rs 26k-cr more for capital infusion by 2018
Reserve Bank of India seeks Rs 26k-cr more for capital infusion by 2018 RBI seeks Rs 26k-cr more for capital infusion by 2018The Reserve Bank of India (RBI) has sought an additional Rs 26,000 crore from the government to be injected into state-run banks by 2018. The point here is that current capital pledges may be inadequate because stressed assets have swelled. The … [Read more...] about Reserve Bank of India seeks Rs 26k-cr more for capital infusion by 2018
RBI unveils new math for banks’ base rate
RBI unveils new math for banks' base rate Indian banks will soon have to price their loans based on rules announced by the central bank on Thursday in a move that is aimed at making lending rates more responsive to policy rate changes. Starting 1 April, lenders will calculate their lending rates based on the marginal cost of funds, or the rate offered on new deposits. The … [Read more...] about RBI unveils new math for banks’ base rate
Allow mobile banking registration at ATMs: RBI to banks
Allow mobile banking registration at ATMs: RBI to banks The Reserve Bank today asked all the National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers register for mobile banking services. The National Payments Corporation of India (NPCI) has developed the mobile banking registration service/option on the National … [Read more...] about Allow mobile banking registration at ATMs: RBI to banks
Banking Ombudsman: RBI Says No Deadline for Resolving complaints
Banking Ombudsman: RBI Says No Deadline for Resolving complaints There is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redressal of customers' common complaints against banks, the Reserve Bank of India (RBI) has said. Over 9,500 such complaints were pending against various banks, it said. The revised 2006 Banking Ombudsman … [Read more...] about Banking Ombudsman: RBI Says No Deadline for Resolving complaints