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Tags : "bank of india"

Altico Capital fallout: RBI asks HDFC Bank to pay Rs

The Reserve Bank of India has directed HDFC Bank to pay Rs 210 crore to Mashreq Bank, which had extended a loan to real estate financier Altico Capital that is seeking central bank approval for debt resolution, people with direct knowledge of the matter told ET. Last October, the indebted non-banking finance company and Dubai-based […]Read More

RBI steps led to reduced rates across the board: Shaktikanta

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das said measures adopted by the central bank had ensured that interest rates had declined across the board, according to people with knowledge of the matter. He was speaking at a meeting of the central board of the RBI that took stock of the economic situation and […]Read More

Interest subvention on crop loans extended till August 31

MUMBAI: In view of the lockdown to combat the coronavirus pandemic, the government has decided to continue the facility of interest subvention of 2 per cent and prompt repayment incentive of 3 per cent to farmers till August 31, 2020. In April, the facility of Interest Subvention (IS) and Prompt Repayment Incentive (PRI) was extended […]Read More

Bank of India sees impact on recoveries, profitability due to

NEW DELHI: Bank of India on Monday said its recoveries may get affected in the second quarter due to moratorium on loan repayments while profitability may get impacted in June and September quarters due to the lockdown of economic activities because of coronavirus pandemic. The impact of COVID-19 is different in different territories, based on […]Read More

RBI’s liquidity plan for non-bank lenders falters

KOLKATA: The Reserve Bank of India’s attempt to improve funding for the non-banking finance companies through the banks’ channel is faltering with a special liquidity window receiving bids for just half the amount that was on offer. This may prompt the central bank to rethink on its strategy. “The RBI will review the auction results […]Read More

FinMin, RBI meeting on Tuesday to decide first-half borrowing plan

New Delhi: The Finance Ministry and RBI will maintain a meeting on Tuesday to decide on authorities’s borrowing plan for the primary half of 2020-21 amid the lockdown to comprise the unfold of coronavirus. According to sources, the federal government would resort to front-load its borrowing plan to cope with the challenges posed by COVID-19 […]Read More

As clouds of doubt clear, investors queue up for ‘interesting’

IndusInd Bank surged 45 per cent as investors lapped up the inventory that has turn out to be enticing after falling under its e book worth now that the clouds over promoters’ pledged shares and the financial institution’s monetary place have receded. Short protecting on the final day of the futures and choices expiry additionally […]Read More

Private sector banks safe, RBI tells chief secretaries

MUMBAI: The Reserve Bank of India (RBI) has written to chief secretaries of state governments advising them against transferring funds from private sector banks. Apprehension on the safety of deposits in private sector banks is highly misplaced, the letter says asking chief secretaries to reconsider their decision. “We strongly believe that such a move can […]Read More