RBI increases bond investment limit for foreign portfolio investors

RBI increases bond investment limit for foreign portfolio investors Net increase in government bonds will be Rs 592 billion in two years The Reserve Bank of India (RBI) on Friday increased the bond investment limit for foreign portfolio investors (FPI) by a percentage point in two phases — a move that will allow foreigners about […]

Continue Reading

Don’t deal with entities related to Bitcoins, RBI tells banks and NBFCs

Don’t deal with entities related to Bitcoins, RBI tells banks and NBFCs The RBI has repeatedly cautioned users, holders and traders of virtual currencies, including bitcoins The Reserve Bank of India (RBI) on Friday asked banks, non-banking financial companies (NBFCs) and payment service providers to disassociate themselves from entities dealing with virtual currencies, including bitcoins, […]

Continue Reading

RBI defers implementation of Ind AS by one year

RBI defers implementation of Ind AS by one year The Reserve Bank of India (RBI) on Thursday decided to defer implementation of Indian Accounting Standard (Ind AS) by one year for the banks.Scheduled commercial banks (SCBs), excluding regional rural banks (RRBs), were required to implement Ind AS from April 1, 2018. Necessary legislative amendments – […]

Continue Reading

RBI gives provisioning relief to stressed banks

RBI gives provisioning relief to stressed banks The Reserve Bank of India has temporarily relaxed provisioning norms for lenders to defaulters undergoing bankruptcy resolution in a move that could help banks bolster their financial results for the year and quarter ended March. Provisions for accounts referred to the National Company Law Tribunal (NCLT) have been […]

Continue Reading

RBI allows banks to spread bond trading losses over four quarters

RBI allows banks to spread bond trading losses over four quarters The Reserve Bank of India took a U-turn in its rigid position on provisioning norms for banks suffering losses from bonds trading by permitting the lenders to spread out their trading losses over four quarters that would save them from scrambling for funds to […]

Continue Reading

RBI likely to stay put on rates, flag concerns on food inflation, oil’s surge

RBI likely to stay put on rates, flag concerns on food inflation, oil’s surge The Reserve Bank of India (RBI) is likely to keep benchmark rates unchanged while signposting concerns over oil prices and food inflation at its first bimonthly policy review in the new financial year. An ET poll conducted among 23 market participants […]

Continue Reading

RBI may keep repo rate unchanged at 6% in April policy review: BS Poll

RBI may keep repo rate unchanged at 6% in April policy review: BS Poll But surprisingly, there is a narrow chance that the central bank may cut rates in the future: BS Poll There is a clear consensus that the six-member monetary policy committee of the Reserve Bank of India (RBI) would keep the repo […]

Continue Reading

RBI Rolls Out Regulations for Cross-Border Mergers

RBI Rolls Out Regulations for Cross-Border Mergers New FEMA rules cover both inbound and outbound investments, expected to boost FDI India has rolled out the long-awaited regulations to allow cross-border mergers and amalgamation that could boost foreign direct investment into the country.The Reserve Bank of India (RBI) has framed the regulations for mergers and amalgamation […]

Continue Reading

RBI to revive pre-policy meetings with bankers and industry executives

RBI to revive pre-policy meetings with bankers and industry executives The April policy, being the first one of the new fiscal year, is important as it spells out overall path of the policy and outlook on aspects such as inflation and growth The RBI had revived the practice of meeting bankers and industry associations prior […]

Continue Reading

RBI to keep policy rates on hold, maintain neutral stance: Report

RBI to keep policy rates on hold, maintain neutral stance: Report The Reserve Bank is expected to keep policy rates on hold and maintain its neutral stance at the ensuing policy review meet early next month, says a Morgan Stanley report. According to the global financial services major, although India’s economic growth is on an […]

Continue Reading