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Next 15-20 years, insurance stocks to be top wealth creators: Jagannadham Thunuguntla

Corporate world lives on debt. The moment the oxygen is out, there is a massive hit, he says.

RBI panel proposes Rs 10,000 crore govt fund to develop MSMEs

The panel wants additional Rs 5,000 crore to support distressed small companies affected because of external factors, such as a change in environmental laws.

RBI panel wants govt loan portal to reach out to startups

Committee says Psbloansin59minutes should cater to new entrepreneurs, including those applying for loans under the Pradhan Mantri Mudra Loan Yojana and Stand-Up India.

Slump’s real. NBFC credit falls 31%. Over to RBI, govt

Banks have been reluctant to lend to NBFCs, forcing some of them look overseas for borrowings.

Surplus or deficit? Why India's liquidity framework needs a revamp

Keeping liquidity “in deficit” is easier said than done.

MSME Day: As the IL&FS crisis unfolded, IFC responded swiftly to provide succor

The World Bank's private-sector lending arm and the largest global development institution focused extensively on the Indian NBFC sector to soothe nerves in the aftermath of the IL&FS crisis.

Firms’ borrowing costs rise as lenders do not relay rate cuts

Banks are factoring in a high risk premium while lending to NBFCs

Buy Axis Bank, target Rs 805: Kunal Bothra

Buy Axis Bank Ltd. at a price target of Rs 805.0 and a stoploss at Rs 765 from entry point.

The liquidity debate: Surplus or deficit?

There's a realisation in the RBI that its liquidity framework needs a revamp, so there comes a new panel. ET explains why the time has come to effect a change.

Simpler set of laws soon for MSME sector

MSMEs in services have increased in number and range of activities.

Market Movers: What changed for D-Street while you were sleeping

Here's what might matter on Dalal Street all through the day.

Borrowing cost of NBFCs rises despite RBI rate cuts

Aadhar Housing Finance said its cost of funds has risen 70 bps since October 2018, even after factoring in 5-10 bps reduction in banks’ MCLR.

Govt, RBI closely monitoring rupee exchange rate: Sitharaman

The rupee has depreciated from Rs 60.50 to a dollar in 2013-14 to Rs 69.74 to a dollar in April-December of 2018-19.

RBI panel suggests measures to boost MSMEs

The panel recommended a government-sponsored FoF to support Venture Capitalists or PE firms investing in the MSME sector.

Resignation of RBI Deputy Governor Viral Acharya raised in Lok Sabha

On the resignation of Acharya, Chazhikadan said a number of renowned economists have resigned as government policies were not in favour of the people of India.

RBI portal for online complaints

CMS envisages improved customer convenience by providing a single window.

RBI union moots a Collegium of experts to appoint governors and deputy governors to ensure central bank autonomy and independence

Acharya, the youngest ever deputy governor, resigned from his position a few weeks back citing "unavoidable personal circumstances".

How to file complaints against banks and NBFCs on RBI website

With the launch of CMS, the processing of complaints received in the offices of Ombudsman and CEPCs of the Reserve Bank has been digitalized.

Who will replace Viral Acharya at RBI? Here are possible successors

The government will make a final choice in consultation with the governor.

Government likely to use Rs 3 lakh crore RBI windfall to pay regular bills

The money will come in over three years and is most likely used for regular government spending.

Bond rally in India at risk as RBI cash transfer delayed

Market players would be heading back to the drawing boards to re-work the budget math.

How will RBI give ‘excess’ assets to govt even if Jalan panel suggests so

Jalan committee will soon submit its recommendations on economic capital framework.

RBI Deputy Guv resignation: Congress raises RBI independence issue

In a surprise move, Acharya has resigned from his position at the central bank merely six months ahead of the scheduled end of his three-year term, citing personal reasons.

RBI deputy governor follows Urjit Patel: MPC may take a dovish turn as Viral Acharya departs

Ex-NYU professor has always been vocal about RBI's autonomy, bank cleanup.

India investment in US Treasuries rose 1yr high

Investments in US Treasuries were at $155.3 billion in April, compared with $157 billion in March a year ago.

Early exit of Acharya from RBI not to roil markets: SBI report

In his resignation, he expressed inability to continue beyond July 23, 2019, the RBI said.

RBI launches CMS for filing online complaints against banks, NBFCs

Customers can lodge complaints against any regulated entity with public interface such as commercial banks, urban cooperative banks, NBFCs.

Viral Acharya quits RBI: All you need to know

Viral Acharya who had made a fervent pitch for autonomy for the banking regulator, has reportedly quit six months before the scheduled end of his term. Acharya, who joined the central bank on January 23, 2017, was RBI's youngest deputy governor post economic liberalisation. Saloni Shukla has more. (Text: ET Online)Viral Acharya quits RBI: All you need to know

Consensus eludes Jalan panel on RBI surplus, report delayed

The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. As the differences continue among the RBI Economic Framework Capital (ECF) panel members over the distribution of the central bank's surplus reserves, the Bimal Jalan led-committee has sought more time to submit its report, the official source said.Consensus eludes Jalan panel on RBI surplus, report delayed

RBI plans for transferring excess reserves opposed, delayed: Sources

Earlier, the government of Prime Minister Narendra Modi indicated that the RBI has excess reserves of more than 3 trillion rupees ($43.22 billion), or 30% of total reserves of around 10 trillion rupees.

Viral Acharya resigns as RBI Deputy Governor

The youngest deputy governor of the Indian central bank will return to New York University Stern School of Business in August.

An anomaly in Rupee forwards has traders search for RBI hand

Implied yields surged to 2-year high even after RBI cut rates.

View: Doubts over India’s GDP numbers may continue for sometime

CSO needs to make available all the assumptions and judgement it has used in its nominal GDP calculations.

Jalan panel on RBI's capital size again defers report submission till Budget

ECF panel was mandated to submit its report to RBI within 90 days of its first meeting on Jan 8.

NBFCs ask RBI to relax timeline for liquidity coverage norms

NBFC want the RBI to relax the timeline to implement the minimum LCR norms by a year.

View: Lift the hurdles in bond market

NBFCs have been borrowing short-term to finance long-term projects and rolling over debt.

Consumption and investment boost to lead to economic growth: Keki Mistry, HDFC

Housing sector needs a boost as it creates maximum number of jobs, says HDFC CEO.

Gross NPAs of banks may fall to 8% by March: CRISIL

Since 2016, loans worth Rs 17 lakh crore have been identified as NPAs (nonperforming assets) with 80 per cent of these loans held by public sector banks.

View: India's Central Bank autonomy takes another hit

Acharya, who had cautioned against chipping away at the central bank's autonomy last year, quit abruptly.

Disillusioned with debt MFs? Catch post office schemes' high interest rates before June 30

The small savings rates may be revised downwards at the reset date post June 30 as not only has the RBI cut the repo rate but also the 10-year G sec yield has declined.

Acharya’s exit likely to make MPC more open to rate cuts

At the margin, the composition of the MPC will likely become incrementally more dovish.

Viral Acharya resigns as RBI's deputy governor 6 months before his term ends

Viral Acharya who had made a fervent pitch for autonomy for the regulator, has reportedly quit six months before the scheduled end of his term. Acharya, who joined the central bank on January 23, 2017, was RBI's youngest deputy governor post economic liberalisation. ET has independently confirmed that Acharya has quit and would be heading to the New York University to teach. Viral Acharya resigns as RBI's deputy governor 6 months before his term ends

As head of panel on RBI's capital reserves, Bimal Jalan has his task cut out

Former governor has to tackle tricky questions and possible differences among panel members to figure out if the central bank has capital to spare.

RBI's deputy governor Viral Acharya quits six months before his term ends

ET has confirmed that Acharya has quit and would be heading to the New York University to teach.

Financial frauds drop 32% to Rs 6,735 crore in FY19

Banks and select financial institutions reported to RBI that frauds of Rs 1 lakh and above amounting to Rs 25,884 crore occurred during 2016-17 .

Currency in circulation rises 22% in May over pre-demonetisation level

Govt said the notes in circulation had grown at an average growth rate of 14.51 per cent year on year wise since October 2014.

Debit cards show up more at retail stores, less at ATMs

The RBI has set a goal of 44% PoS-based debit card transactions by 2021 to achieve less-cash economy.

Debit cards show up more at retail stores, less at ATMs

ATM transactions were just 66 per cent of total debit card use in April.

Contrarian Indian bond trader changes sides as call pays off

The yield of the benchmark 10-year bond fell to a 20-month low in June.

Market Movers: What changed for D-Street while you were sleeping

Nifty futures on the Singapore Exchange were trading 17.50 points, or 0.15 per cent.

Acharya differed with government on key issues

Viral Acharya has voted for rate cuts only twice in 15 monetary policy reviews.

Buy Bank of Baroda target Rs 128: Manav Chopra

Buy Bank of Baroda at a price target of Rs 128.0 and a stoploss at Rs 114 from entry point.

Hopefully issues being raised by Viral Acharya will still be debated openly: Ananth Narayan

“The fact that Acharya stayed on for so long after Patel’s resignation was surprising.”

View: Find a suitable successor to Acharya

As a member of the Central Board of Directors of RBI and the Monetary Policy Committee, Acharya brought credibility to his job that entails a command over finance.

Demand should start piling up before this financial year ends: Dinanath Dubhashi

Our faith is in areas that we are in — renewables, roads refinance and transmission, says L&T Fin MD.

RBI Governor receives support on his fiscal risk stance

The six-member Monetary Policy Committee was divided in its view of fiscal slippage and its impact on inflation trajectory.

Sensex erases early gains, drops 50 points; Nifty below 11,750; Suzlon jumps 11%

At 9:30 am, the BSE Sensex was trading 79 points, or 0.20 per cent, higher at 39,273.

Change in RBI's stance hints at more rate cuts: Nomura

Cuts of 0.50 per cent to narrow the real interest rate.

IFIN group lending: BSR says it had sought clarity from RBI

BSR said the investigators had made false allegations against the auditors without understanding accounting principles and regulations.

Waiving Rs 80 crore GST can boost financial inclusion

The government is the most active stakeholder in the transformation.

Jalan panel report delayed: This is what D-Street is gearing up for

Foreign brokerage UBS says any booster should help the government retire public debt.

More than tax cuts and rate cuts, there is a need to solve the credit freeze: Vikas Khemani

ICICI Bank or Axis Bank could be the next leaders, says Carnelian Capital founder.

RBI says forex retail trading platform ready for rollout on Aug 5

RBI said banks may charge their retail customers a pre-agreed flat fee towards administrative expenses.

MPC minutes: RBI governor says economic activity clearly losing traction

MPC members are concerned about India’s economic growth, inflation and global trade war.

Gem and jewellery industry seeks lower customs duty on gold

The council has also urged the government to allow EMI purchases of jewellery, which the RBI currently does not allow, as gold is declared an asset class.

Budget fails to excite a street with other worries

The market has been on the slide with the Sensex gaining just 0.8 per cent since May 23.

UK Sinha panel on MSMEs submit report to RBI

"The committee held its deliberations including consultations with various stakeholders and has submitted its report to the governor," RBI had said in a statement Tuesday.

RBI to address India Inc's data woes

Deputy governor Kanungo assures industry while saying data generated in India has to be localised.

Rupee opened flat at 69.58 vs USD in early trade

Rupee opened at 69.58 at the interbank forex market, unchanged from its previous closing level.

RBI solves big problem of 'small change' at Shirdi temple

Since a year or so, most banks have been refusing to collect the huge quantity of coins on grounds of lack of storage space, difficulty in counting, transporting and putting them back into public circulation.

RBI slaps Rs 10 lakh fine on South Indian Bank

The penalty follows references from a government department and a private party alleging non-payment of invoked bank guarantees by the lender.

Market Movers: What changed for D-Street while you were sleeping

Let us check out the factors that have the potential to move markets all through Monday.

Monsoon, Budget and Q1 earnings main triggers for market: Rahul Shah, MOFSL

Infra spending would be a bigger thrust rather than any tax sops, says MOSL's Rahul Shah.

Viral Acharya, the rebel ends term abruptly

Acharya follows Raghuram Rajan and Urjit Patel, who left the central bank after advocating strong measures.

Rupee does U-turn, rises 23 paise to 69.35 against US dollar

After opening on a weak note, rupee recovered and finally settled 23 paise higher at 69.35.

Paytm Postpaid to move its loan book to Clix

Paytm Postpaid is a credit offering through which customers can buy goods and services and make settlements later, similar to how credit cards and other Pay Later products work.

5 top midcaps which are on Neeraj Dewan’s buy list right now

Among banks, corporate lenders to MSMEs and PSU banks Dewan’s favourites

RBI fines HDFC Bank Rs 1 crore for violation of KYC norms

The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency

RBI to infuse Rs 12,500 crore liquidity through bond purchases

RBI would purchase five government bonds under open market operations (OMOs) on June 20.

Interim Budget highlights: A recap of Piyush Goyal's key announcements

Goyal's budget had proposed tax breaks for the middle class, besides a host of sops for farmers and millions of informal sector workers.

Manufacturing outlook in Q1 worst in NDA years: Survey

Around 41% of the respondents in the survey covering over 300 manufacturing units expect higher production during the June quarter - a 13% drop since the March-quarter.

RBI to examine concerns over data localisation rule: Government

RBI last year mandated companies to store their payments data "only in India" so that the regulator could have "unfettered supervisory access".

Rupee opens 3 paise down at 69.61 against dollar

The local currency on Friday slid 14 paise to close at 69.58 against the US dollar.

Buy State Bank of India, target Rs 360: Kunal Bothra

Buy State Bank of India at a price target of Rs 360.0 and a stoploss at Rs 342 from entry point.

Buy State Bank of India, target Rs 362: Manas Jaiswal

Buy State Bank of India at a price target of Rs 362.0 and a stoploss at Rs 343 from entry point.

Can Facebook’s Libra get past the hurdles Bitcoin faced?

Libra falls under the category of virtual currency called ‘stable coin’.

Jalan panel report on RBI's capital size to be finalised by June-end: Shaktikanta Das

The panel has been entrusted with the task of reviewing the best practices followed by central banks worldwide in making assessment and provisions for risks.

When should you opt for a home loan switch over?

It is important to time the loan refinancing in such a way that saving on interest payable is maximised.

RBI may cut rates by another 25 bps in 2019: Fitch

The Reserve Bank of India (RBI) cut the repo rate to 5.75% on June 6, its third cut in 2019.

RBI committed to make NBFC sector financially resilient & robust: Governor

RBI will not hesitate to take any required steps to maintain financial stability, Das said.

Sensex falls for 2nd day, Nifty breaks below 11,700; VIX jumps 4%

Monsoon continued to remain a concern as rains lashed Mumbai and neighbouring areas.

RBI gets a new executive director

​Mishra has been serving RBI for about 30 years now. He has been associated with many research papers.

Why India should not outlaw cryptocurrencies

World needs to get out of the dollar’s stranglehold and cryptocurrencies could play a big role in that.

‘Gold monetisation scheme likely to be tweaked’

But this discount was more of a B2B phenomenon, rather than B2C, said sources in Zaveri Bazaar.

FICCI for structural changes in RBI June 7 circular

FICCI’s Secretary Dilip Chenoy has said that the new framework very aptly balances the interest of all stakeholders in the eco-system.

NCLT tells Bandhan to seek shareholders’ nod

NCLT has dispensed with requirement of the meeting .

Expert panel suggests ways to achieve USD 5-trillion economy target: Niti Aayog

Modi on Saturday had an interaction with economists and industry experts on India's current economic situation.

RBI asks banks to grout ATMs to wall, pillar or floor to enhance security

Central bank has issued instructions aimed at mitigating risks in ATM ops and enhancing security.

Ban on Batliboi not fair, EY tells RBI

The firm has made representations to the RBI about the unfairness of such a ban and sought a relaxation of its stance, one of the people cited above said.

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