Rbi Circular

RBI creates Payments Infrastructure Development Fund to boost digitisation

The RBI makes an initial contribution of Rs 250 crore covering half the fund

Covid-19 impact: RBI increases centre's WMA limit sharply to Rs 2 trillion

Ways and means advances (WMA) are temporary liquidity line given by the central bank to the government to meet short-term expenditure needs of the government

RBI relaxes overdraft facility norms for states, UTs until September 30

The number of days for which a state/ UT can be in overdraft in a quarter has been increased to 50 working days from the current 36 working days

Rupee payments allowed for exports to Bhutan under RBI guidelines: Expert

Acceptance of LUT for supplies of goods or services to countries outside India will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange

RBI shortens business hours of money markets, cites impact of lockdown

The thinning out of activity is impacting market liquidity, the central bank said in a statement

RBI asks UCBs with deposits of over Rs 100 cr to form Board of Management

The BoM will be constituted by the Board of Directors (BoD) of the UCBs concerned within one year, the RBI said

Financial system remains stable despite weakening domestic growth: RBI

However, the perception of risks on various fronts like domestic growth, fiscal, corporate sector and banks' asset quality increased between April and October 2019, it said

RBI turns down banks' plea to relax June 7 circular on stressed assets

Loans of over Rs 1.8 trillion, for which agreement has been signed by banks, are likely to be referred to IBC

RBI's June 7 circular on stressed assets may keep banks' provisions high

Recognition of stress in itself may result in higher provisioning

RBI releases directions on rupee interest rate derivatives

Regulations on interest rate derivatives (IRDs) have so far been issued separately for each product, including for products traded on exchanges

RBI's one-day default norms had put companies in a fix: Sunil Mehta

PNB chairman Sunil Mehta, who conceptualised the inter-creditor agreement adopted by RBI, says the central bank's new circular on resolving stressed assets is practical.

RBI issues circular on NPAs: defaults have to be recognised in 30 days

The central banks said lenders shall recognise incipient stress in loan accounts, immediately on default, by classifying such assets as special mention accounts (SMA)