Source says govt frets over negative signals of RBI stress tests

Monday, Jan 11, 2021 By T. Bijoy Idicheriah MUMBAI – The government has expressed reservations about the possible negative signals the Reserve Bank of India’s stress tests could have on public sector banks, a banking industry source said. The stress test results are part of the Financial Stability Report, which is likely to be released today. Despite the government’s […]

Banks reports at least 33.5-bln-rupee fraud accounts to RBI Oct-Dec

Monday, Jan 11, 2021 By Alekh Archana and Ajay RamanathanMUMBAI – Banks have tagged loan accounts with dues of at least 33.5 bln rupees as fraud to the Reserve Bank of India in Oct-Dec, a figure that is seen increasing as more lenders make similar disclosures following the central bank’s diktat.  The data, reported by Cogencis as […]

Source says RBI only modulating liquidity, not removing accommodation

Monday, Jan 11, 2021 By T. Bijoy Idicheriah and Bhaskar Dutta MUMBAI/NEW DELHI – The Reserve Bank of India’s announcement last week on normalising liquidity operations must be seen as “modulation” of how it provides liquidity to the market rather than a step away from the accommodative stance, a banking industry source said. “It is not a signal from […]

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