Banks may increase liquidity by drawing down on CRR: RBI Governor Das
Banks may boost systemic liquidity by drawing down on excess cash reserve ratio and statutory liquidity ratio, said Reserve Bank…
01 OCT 2022
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RBI hikes repo rate by 50 bps: Read what leaders across the segment stated
The Reserve Bank of India raised the repo rate, or prime lending rate, by 50 basis points to 5.90 percent,…
30 SEP 2022
As liquidity tightens, banks raise interest rates on bulk deposits
With the system’s surplus liquidity diminishing and deposit growth behind credit growth by a wide margin, banks have raised interest…
30 SEP 2022
Federal Bank enables Utility Bill Payment Services in Cross Border Remittance Platform
Last week, the Reserve Bank of India, permitted foreign inward remittances to be received under the rupee drawing arrangement (RDA)…
21 SEP 2022
R Gandhi named part-time chairman of YES Bank
On September 20, former RBI deputy governor R Gandhi was named as YES Bank’s part-time chairman. The term of the…
21 SEP 2022
Federal Bank launches the pilot for Instant KCC developed by the Reserve Bank Innovation Hub
Reserve Bank of India (RBI) had announced the digitalisation of Rural Finance in select districts of Tamil Nadu with Federal…
19 SEP 2022
Pralay Mondal named as CSB Bank’s new MD & CEO
On September 16, Kerala-based CSB Bank announced the appointment of Pralay Mondal as the bank’s new Managing Director and CEO.…
16 SEP 2022
RBI to hike interest rates by 50 basis points as inflation rises
After statistics revealed that inflation increased further over the central bank’s tolerance level in August, economists predicted that the Reserve…
13 SEP 2022
RBI data: Bank credit growth hits 9 year high at 15.5 per cent
Commercial bank credit growth reached a nearly nine-year high for the week ending August 26 at a rate of 15.5…
10 SEP 2022
RBI tightens restriction on defaulter co-operative banks
Two years ago, the government increased the Reserve Bank of India’s (RBI) jurisdiction to supervise cooperative banks. Since then, the…
07 SEP 2022
