Rbi Credit Policy

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

RBI Governor Shaktikanta Das on Friday said banks cannot perennially rely on the central bank's money to support credit offtake and they need to mobilise more deposits to aid credit growth.

The Reserve Bank on Friday decided to expand the scope of Internal Ombudsman framework by including Credit Information Companies (CICs) with a view to strengthening grievance redressal system.

RBI on Friday extended the card-on-file tokenisation deadline by three months to September 30, 2022

India's banks need to monitor the credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic, the central bank said in a report on Friday.

Seeking to facilitate a higher credit flow of individual housing loans, the RBI on Friday extended the rationalised home loan norms by another year till March 31, 2023.

Fifty economists surveyed by Reuters in a December 1-3 poll expect the RBI to hold its benchmark repo rate at 4.00 per cent.

RBI Monetary Policy Preview: According to credit rating agency Brickwork Ratings, RBI's rate-setting committee is likely to maintain the status quo on lending rates in view of optimistic growth in the March quarter.

The RBI's monetary policy committee (MPC) will likely keep the key lending rate or the repo rate unchanged at 4 per cent for a sixth straight meeting.

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

RBI Governor acknowledged the role being played by public sector banks in extending credit facilities to people and businesses in such tough times.

The RBI Governor said that the positive externalities of G-SAP 1.0 operations need to be reflected in those segments of the financial markets that rely on the G-sec yield curve as the main pricing benchmark

Banks' capital positions may also mean they are unable to cut the rates they charge as far or as fast as the central bank, and improving them could have bolstered credit growth to some extent, the paper said

RBI Monetary Policy Latest Updates: The central bank has increased the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction

RBI Policy Latest Updates: Here's what economists say on the Reserve Bank of India's Monetary Policy Review

The CBI alleged that ICICI Bank sanctioned credit facilities to the tune of Rs 3,250 crore to the companies of Videocon Group in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank.

RBI Governor Shaktikanta Das on Friday said banks cannot perennially rely on the central bank's money to support credit offtake and they need to mobilise more deposits to aid credit growth.

The Reserve Bank on Friday decided to expand the scope of Internal Ombudsman framework by including Credit Information Companies (CICs) with a view to strengthening grievance redressal system.

RBI on Friday extended the card-on-file tokenisation deadline by three months to September 30, 2022

India's banks need to monitor the credit behaviour of restructured loans and the possibility of increased repayment slippages from sectors more exposed to the pandemic, the central bank said in a report on Friday.

Seeking to facilitate a higher credit flow of individual housing loans, the RBI on Friday extended the rationalised home loan norms by another year till March 31, 2023.

Fifty economists surveyed by Reuters in a December 1-3 poll expect the RBI to hold its benchmark repo rate at 4.00 per cent.

RBI Monetary Policy Preview: According to credit rating agency Brickwork Ratings, RBI's rate-setting committee is likely to maintain the status quo on lending rates in view of optimistic growth in the March quarter.

The RBI's monetary policy committee (MPC) will likely keep the key lending rate or the repo rate unchanged at 4 per cent for a sixth straight meeting.

As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.

RBI Governor acknowledged the role being played by public sector banks in extending credit facilities to people and businesses in such tough times.

The RBI Governor said that the positive externalities of G-SAP 1.0 operations need to be reflected in those segments of the financial markets that rely on the G-sec yield curve as the main pricing benchmark

Banks' capital positions may also mean they are unable to cut the rates they charge as far or as fast as the central bank, and improving them could have bolstered credit growth to some extent, the paper said

RBI Monetary Policy Latest Updates: The central bank has increased the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction

RBI Policy Latest Updates: Here's what economists say on the Reserve Bank of India's Monetary Policy Review