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Monday, July 1, 2024
TopicRBI

Topic: RBI

Imperative banks raise capital as pandemic could increase NPAs, says RBI’s Shaktikanta Das

The pandemic is the biggest test of the economic and financial system's resilience and robustness, Das said, adding that RBI has asked banks to conduct Covid stress tests.

With fiscal deficit rocketing, Modi govt may have to go back to RBI for support: Economists

Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.

CBI books Punjab Basmati Rice Ltd directors, who fled to Canada, for Rs 352 crore fraud

The company's directors allegedly defrauded a Canara Bank-led consortium of 6 banks, who filed a complaint with CBI over a year after RBI suggested they do so.

Over 1500 cooperative banks to be brought under RBI supervision

The govt decision assumes significance amid lakhs of depositors facing problems after a scam in the multi-state Punjab and Maharashtra Cooperative Banks.

HDFC plans acquisitions in lending, insurance with new capital of Rs 14,000 crore

HDFC wants to have adequate capital in place to expand lending business once economic growth picks up from downturn sparked by the coronavirus pandemic.

Urjit Patel appointed chairman of NIPFP, policy think tank that works closely with govts

Rathin Roy, former member of the Prime Minister's economic advisory council, has quit his post as director of the NIPFP. 

Uday Kotak will be hardest hit by RBI’s proposed cap on CEO tenures

The RBI proposed a 10-year limit on bank founders remaining as CEOs or full-time directors. Uday Kotak has headed Kotak Mahindra Bank Ltd. since he founded it 17 years ago in 2003.

‘Govt sabotaging atmanirbhar plan’ — farmers criticise masoor duty cut as global prices rise

Modi govt reduced the import duty on masoor to less than half on 2 June. Farmers and traders allege move is to aid influential trading groups.

India’s foreign exchange reserves rise $3.43 billion to $493.48 billion

During the week ended 29 May, RBI data showed foreign currency assets, a major component of the overall reserves, increased by $3.50 billion to $455.21 billion

Economics not over health: SC after RBI says interest waiver will affect banks

The court allows Centre time to file a response on behalf of the RBI and finance ministry after plea says RBI’s 27 March circular didn't serve 'economic justice'.

On Camera

Jai Bhim, Jai Samvidhan—slogans that non-Dalits wouldn’t touch have now entered Parliament

Coined by close Ambedkar confidant Babu Hardas Laxmanrao Nagrale, the 'Jai Bhim’ slogan has seen the rise and decline of many Dalit parties. Now, non-Dalits chant it in Parliament that has no BSP member.

‘Welfarism not a substitute for job creation’ — TeamLease vice-chairman on India’s fiscal planning

TeamLease’s Manish Sabharwal spoke to ThePrint about how political leaders, for the sake of winning elections, make big welfare-related promises without a proper plan to fund them.

Increased deployment, joint exercises, foreign training & faster aid — Indian Navy’s growing footprint

The Indian Navy has come a long way since 2004 when an Indian Ocean earthquake triggered a major tsunami. The Indian Ocean is generally touted as the Indian Navy's ‘backyard’.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.