Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
Sat, Nov 28, 2020     Source : Economic Times
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank.
Economic recovery stronger than expected: RBI governor Shaktikanta Das
Fri, Nov 27, 2020     Source : Business Standard
The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth
Rajan, Viral Acharya rip apart RBI over bank licences for large corporates
Tue, Nov 24, 2020     Source : Business Standard
The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending
Bank credit rises 5.67%, deposits up 10.63%: RBI data
Sat, Nov 21, 2020     Source : Economic Times
Bank credit grew by 5.67 per cent to Rs 104.04 lakh crore, while deposits increased by 10.63 per cent to Rs 143.80 lakh crore in the fortnight ended November 6, according to RBI data.
RBI to conduct simultaneous purchase, sale of govt securities next week
Fri, Nov 20, 2020     Source : Economic Times
The Reserve Bank on Thursday announced to conduct simultaneous purchase and sale of government securities under open market operations (OMOs) for Rs 10,000 crore each on November 26.
Economy can recover by Q3, a quarter earlier than expected: RBI stud
Thu, Nov 12, 2020     Source : Business Standard
With increasing demand, and contraction in exports, the trade deficit widened to $8.8 billion in October - the highest in the current fiscal year.
Relief package may include wage subsidy
Thu, Nov 12, 2020     Source : Economic Times
The government is discussing a fiscal stimulus that would include a wage subsidy programme spread over two years as well as a further boost to infrastructure spending.
FPIs invest Rs 8,381 cr in five trading sessions of November
Mon, Nov 09, 2020     Source : Economic Times
Foreign portfolio investors (FPI) have put in a net Rs 8,381 crore into Indian markets in first five trading sessions of November, with participants growing more confident in view of resumption of business...
Not fresh fiscal stimulus, more important is to spend committed amount: Former RBI Governor Bimal Jalan
Mon, Nov 09, 2020     Source : Economic Times
Former Reserve Bank Governor Bimal Jalan on Sunday opined against a fresh fiscal stimulus to boost pandemic-hit economy saying it is more important to spend the amount already committed by the government t...
Large NBFCs should convert into banks or shrink biz: RBI deputy guv Rao
Sat, Nov 07, 2020     Source : Business Standard
Also proposes to eliminate regulatory arbitrage enjoyed by certain NBFCs that are slowly building up systemic risk
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