Banking

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    RBI move boosts banks’ lending ability by up to $42b: sources

    Reuters . Mumbai/New Delhi | Updated at 02:37am on November 21, 2018

    The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35...

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    Pvt banks brought under RTI Act

    Staff Correspondent | Updated at 02:00am on November 21, 2018

    Private commercial banks have come under the Right to Information Act-2009 as the government declared the banks as authorities under the law....

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    RBI board meets amid row with govt

    Reuters . Mumbai | Updated at 12:00am on November 20, 2018

    A Reserve Bank of India board meeting began on Monday with investors waiting to see if central bank and government policymakers could bridge differences over...

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    Modi stacks RBI board with allies to turn heat up on governor

    Reuters . New Delhi/Mumbai | Updated at 12:00am on November 19, 2018

    As prime minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next...

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    Muhith blames bankers for helping borrowers become defaulters

    Staff Correspondent | Updated at 12:00am on November 19, 2018

    Finance minister Abul Maal Abdul Muhith on Sunday blamed bankers for playing an active role in turning entrepreneurs into loan defaulters.He also said that directors...

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    Farmers Bank introduces recovery software

    | Updated at 12:00am on November 18, 2018

    The Farmers Bank Limited on Saturday introduced recovery software in an effort to ensure secured banking in its operations....

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    Regulators worry as banks step back from international money transfers

    Reuters . London | Updated at 12:00am on November 18, 2018

    Banks are increasingly stepping back from helping one another with international money transfers due to tougher money laundering checks, dealing a blow to countries that...

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    India govt wants committees to oversee RBI: report

    Reuters . Mumbai | Updated at 12:00am on November 18, 2018

    India’s government is seeking to form panels to monitor functions of the Reserve Bank of India (RBI), Bloomberg reported on Friday, citing people with knowledge...

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    Pound rebounds after Brexit upheaval rout

    Agence France-Presse . London | Updated at 12:00am on November 17, 2018

    The pound rebounded slightly Friday after Britain’s currency was hammered by Brexit fears, while stock markets diverged and oil prices rallied once more.Around 1145 GMT,...

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    Indonesia surprises with rate hike

    Agence France-Presse . Jakarta | Updated at 12:00am on November 16, 2018

    Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth...

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