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Recovery against Gross NPAs improves to 14.69% in FY 2019-20
Gross non-perofrming assets (NPAs) improves from 11.33% in FY2017-18, to 13.52% in FY2018-19, to 14.69% in FY2019-20 As per Reserve Bank of India (RBI) data, recovery made by public sector banks (PSBs...
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More than 37,000 users joined UPI123Pay since its launch on 8.3.2022
Various steps have been taken by Reserve Bank of India (RBI) to expand the reach of UPI outside India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written rep...
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Resident Indian bound to repatriate income earned on assets held outside India
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2902 TO BE ANSWERED ON MONDAY, 21st MARCH, 2022/ PHALGUNA 30, 1943 (SAKA) Repatriation of Income...
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Periodic Updation of Customer KYC
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES LOK SABHA UNSTARRED QUESTION NO. 2907 TO BE ANSWERED ON TUESDAY, 21st MARCH, 2022/ 30 Phalguna, 1943 (Saka) Periodic Updation o...
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FDI Inflow in calendar year 2020 declined to US$ 74.01 billion
FDI INFLOW The total FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings and other capital. During the calendar year 2021, total FDI inflow of US$ 74.01 bi...
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Investment from Land Border Sharing Countries
In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of...
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FDI From Neighbouring Countries
Since 18th April, 2020, 347 FDI Proposals have been received by the Government from countries sharing land border with India or where the beneficial owner of an investment into India is situated in or...
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Taper 2022: Touchdown in Turbulence
Reserve Bank of India Date : Mar 11, 2022 Taper 2022: Touchdown in Turbulence (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – March 11, 2022 – organised...
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RBI Monetary Policy and Central Bank Communication
Monetary Policy and Central Bank Communication (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India – March 4, 2022 – Delivered at the National Defence College, Ministry of Defence, Gover...
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Banning cryptocurrency is most advisable : Deputy Governor, RBI
Reserve Bank of India Cryptocurrencies – An assessment (Keynote address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India – February 14th, 2022 – at the Indian Banks Association...
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Press release about ABG Shipyard issue by SBI
ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement over a two dozen lenders. Leader in Consortium was ICICI Bank. Due to po...
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Gross NPA of scheduled commercial banks declined
As per Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9,33,779 crore (GNPA ratio of 9.07%) as on...
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RBI To Issue Digital Rupee Starting From 2022-23
DATA CENTRES AND ENERGY STORAGE SYSTEMS TO BE INCLUDED IN HARMONIZED LIST OF INFRASTRUCTUREEXPERT COMMITTEE TO STUDY SCALING UP VENTURE CAPITAL AND PRIVATE EQUITY INVESTMENTRs. 5.5 LAKH CRORE INVESTED...
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DRI busts Foreign Currency Smuggling Racket
The Directorate of Revenue Intelligence (DRI) has seized Foreign Currency of INR Value Rs. 1.42 Crores at CSI Airport, Mumbai. The DRI has arrested a pax attempting to smuggle foreign currency out of...
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Ownership Guidelines & Corporate Structure for Indian Private Sector Banks
Reserve Bank of India Date : Nov 26, 2021 Recommendations of the Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks An Internal Workin...
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PNB denies Vulnerability In PNB Server
Regarding Vulnerability In PNB Server As Reported By Cyberx9 REPLY TO media report DATED 21st November 2021 regarding Vulnerability in PNB server as reported by CyberX9 We have noted the media report...
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Role of Audit in the Financial System
Role of Audit in the Modern Financial System Reserve Bank of India Date : Oct 25, 2021 Role of Audit in the Modern Financial System (Address by Shri Shaktikanta Das, Governor, Reserve Bank of India –...
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DRAFT – Foreign Exchange Management (Overseas Investment) Regulations, 2021
Reserve Bank of India 1. Short Title and Commencement (i) These regulations may be called the Foreign Exchange Management (Overseas Investment) Regulations, 2021. (ii) They shall come into force from...
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Draft Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021
Reserve Bank of India CHAPTER I PRELIMINARY 1. Short Title and Commencement (i) These rules shall be called the Foreign Exchange Management (Non-debt Instruments – Overseas Investment) Rules, 2021. (i...
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RBI Booklet on Modus Operandi of Financial Fraudsters
BE (A) WARE A BOOKLET ON MODUS OPERANDI OF FINANCIAL FRAUDSTERS OFFICE OF THE RBI OMBUDSMAN (MUMBAI-II) MAHARASHTRA AND GOA Reserve Bank of India Table of Contents Preface There has been a sizable sur...