AS Ramasastri, Director, IDRBT – Nagara Gopal@The Hindu The Institute for Development and Research in Banking Technology upbeat on partnering fintech start-ups The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is developing a model blockchain platform to cater...
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June 29, 2019 Loknath Das
Banking
No Comment
The Financial Stability Report is published by the RBI in June and December. MUMBAI: Failure of a large non-banking financial company could cause as much damage as the collapse of a big commercial lender, the Reserve Bank of India said, stressing a need for greater surveillance of these...
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June 28, 2019 Loknath Das
Banking
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MUMBAI: The Reserve Bank of India (RBI) on Thursday relaxed the leverage ratio (LR) for banks in a bid to help them expand their lending activities. The leverage ratio stands reduced to 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks. The relaxation was announced in the accompanying...
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June 7, 2019 Loknath Das
Banking
No Comment
The Mumbai High Court will hear Kotak Mahindra Bank’s petition against the Reserve Bank of India (RBI) after the latter rejected its plan to reduce promoter shareholding by issuing perpetual non-cumulative preference shares (PNCPS). It would not be an exaggeration to say that the case’s outcome may change...
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March 12, 2019 Loknath Das
Banking
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KOLKATA: The role of two central bank nominees to the board of Lakshmi Vilas BankNSE -2.68 % would be in focus on Friday when the highest policy-making group at the lender meets to possibly consider a merger with a non-banking finance company (NBFC). An approval from the two nominees –...
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March 8, 2019 Loknath Das
Banking
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On Monday, the Supreme Court declined a plea of Essar Steel’s operational creditors for a stay against the tribunal’s order, paving the way for ArcelorMittal to take over the company. MUMBAI | KOLKATA: Bank of America Merrill Lynch emerged as the sole bidder in State Bank of India’s auction of...
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February 12, 2019 Loknath Das
Banking
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