RBI asks banks to enhance ATM security

In 2016, the RBI had set up a Committee on Currency Movement (CCM) to review the entire gamut of security of treasure in transit. Based on the recommendations of the panel, the central bank has now issued instructions aimed at mitigating risks in ATM operations and…. Continue Reading

RBI tells Yes Bank it misrepresented risk assessment report

The RBI, in what can be classified as a first-of-its-kind rebuke, told Yes Bank that the risk assessment report was intended to a be a “confidential”‘ document and that disclosures made by the lender was viewed by the regulator as a “deliberate attempt to mislead”. Continue Reading

RBI shouldn’t treat every default as NPA on 90th day: Fin Min Goyal

The comments came a day after the Reserve Bank of India (RBI) made it clear that it will not be having a relook at a contentious circular about recognising of bad assets. The circular was issued on 12 February last year. Continue Reading

Banks keep Rs 37K crore as RBI defers capital buffer norms by a year

The Reserve Bank deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year, a move that would leave about estimated Rs 37,000 crore capital in the hands of banks. Continue Reading