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

Moody’s finds hurdles in RBI’s new framework for stressed asset resolution

Moody’s Investors Service Monday said the Reserve Bank’s new prudential framework for stressed asset resolution is ‘credit positive’, but flagged the slower-than-expected progress of resolution under Insolvency and Bankruptcy Code as a key hurdle. Continue Reading

Bank credit to infra sector grows 18.5% to Rs 10.55L crore

Outstanding bank credit to the sector was Rs 8.91 lakh crore as at March 2018. In the fiscal year ended March 2013, loans to infrastructure sector had grown by 15.83 per cent to Rs 7.29 lakh crore. Continue Reading

RBI plans incentives for lenders to take defaulters to bankruptcy court

The Reserve Bank of India (RBI) is planning to provide incentives to lenders to encourage them to take defaulting borrowers to the bankruptcy court, according to reports. Continue Reading

RBI may release Revised Guidelines for Resolution of Stressed Assets before 23 May

The apex bank RBI under pressure from the Supreme Court, is likely to release the Revised Guidelines For Resolution Of Stressed Assets that is likely before 23 May. Continue Reading

RBI to examine Indiabulls, LVB merger proposal

The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank’s indirect approval of the proposal. Continue Reading