RBI
Banks' GNPA ratio declines to 7.5% at September-end: RBI report
As per the report on 'Trend and Progress of Banking in India 2019-20', the SCBs' gross non-performing assets (GNPA) ratio declined from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-September 2020.
India's inflation target should be maintained at 4%: RBI Working Paper
The paper, published by the RBI's Department of Economic and Policy Research, noted that central to monetary policy is the concept of 'Trend Inflation' to which actual inflation outcomes are expected to converge after short-run fluctuations die out.
Neutral-to-positive impact of RBI's draft circular on govt-owned NBFCs: Report
According to an Ind-Ra report, the new move will help government-owned NBFCs to strengthen their balance sheets by improving their leverage ratios and creating a buffer and surplus for fresh lending.
Government offers discount to subscribers of gold bond scheme using digital mode
Accordingly, the Centre in consultation with the Reserve Bank of India will allow a discount of Rs 50 per gram from the issue price to investors using the digital medium for a subscription.
Economic growth to turn positive in Q3: RBI study
The economy dipped by a record 23.9 per cent in the June quarter but the contraction narrowed down to 7.5 per cent in the September quarter.
Indian economy reviving at unforeseen pace: RBI
The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown. It noted that economic conditions continued to improve through November 2020 on the back of the uptick in agriculture and manufacturing activity.
RBI cautions against loans given on apps
There have been reports about individuals/small businesses falling prey to growing number of unauthorised digital lending platforms/mobile apps on promises of getting loans in quick and hassle-free manner.
High inflation may make rate cut difficult even in FY22: Report
According to a research report by Emkay Global Financial Services, while inflation may have peaked, consistent supply shocks have meant the inflation series is estimated to average around 6.3 per cent in FY21. This is well above the RBI confront zone and would shape easing in FY22 for some policy action to come into play by the RBI.
Kapil Wadhawan's fresh offer for DHFL, '100% refund' to creditors
In a letter which has also been marked to the Reserve Bank of India (RBI), the Prime Minister's Office (PMO), the Ministry of Finance, the Ministry of Corporate Affairs and the Committee of Creditors (CoC), he has offered to make the full principal refund within a period of seven to eight years.
NBFCs with 15% CRAR for 3 yrs may be allowed to pay dividend
The RBI has sought comments on the draft circular from NBFCs, industry participants and other interested parties by December 24.
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