Reserve Bank of India (RBI) governor Shaktikanta Das on Monday held a confidence-building press conference to assure Yes Bank depositors that there was no cause to panic when the moratorium on the Bank is lifted on 18th March. He said the central bank would support Yes Bank with liquidity, if...
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The recent announcements by the Reserve Bank of India (RBI) in resorting to unconventional methods in providing durable liquidity to the banking sector are most welcome and are a clear example of use of "constrained discretion" in monetary policy making, says State Bank of India...
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The Reserve Bank of India on Friday announced it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis from December 16.   The facility is used to electronically transfer funds from one account to another of banks which are...
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An RBI Working Group (WG) on Core Investment Companies (CICs) has recommended corporate groups having specilised non-banking financial companies (NBFCs) to also establish a "Group Risk Management Committee".   According to the RBI's WG formed to "review regulatory and supervisory...
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Ujjivan Small Finance Bank (USFB), the subsidiary of listed holding company Ujjivan Financial Services Ltd, is going public. While going through the draft prospectus, we came across some interesting points. Under risk factors, USFB admits that during the recent inspection conducted between...
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