Forex reserves touch lifetime high at $545 bn; bank ...

Indian Financial Sector

Finance Minister Nirmala Sitharaman today said the NBFC crisis seems to have bottomed out and the Government along with the RBI will closely monitor the situation to ensure that the sector comes out of the wood. -Economic Times
In fresh trouble for Nirav Modi, the Pune bench of the debt recovery tribunal (DRT) has issued a recovery certificate and has directed the Nirav Modi to pay over Rs 7,200 crore to Punjab National Bank (PNB) and others. Today, the Pune bench of DRT, which also holds additional charge of Mumbai, passed an order in two cases filed by PNB. The presiding officer, Deepak Thakkar, has allowed the petitions filed by the PNB. -Economic Times
Punjab National Bank said today it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd (BPSL) and has reported it to the RBI. PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks. -Economic Times
India’s foreign exchange (forex) reserves swelled by $1.262 billion to scale a fresh high of $427.678 billion in the week to June 28, boosted by higher foreign portfolio investments and a stable rupee, RBI data showed. -Business Line
Acting quickly on the government's second attempt to sell the financially-crippled Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions Monday to discuss the terms of privatisation, according to sources. -Economic Times
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Indian Financial Sector

The Government has no proposal to increase the amount provided under the Pradhan Mantri Awaas Yojana, the Minister for Rural Development Narinder Singh Tomar informed the Rajya Sabha today. -Economic Times
India’s financial system remains stable against the backdrop of improving resilience of the banking sector, even though the emerging trends in global economic as also geopolitical environment pose challenges, the RBI said. -Business Line
The RBI is reviewing its master direction on frauds and considering additional measures for timely recognition of frauds and enforcement action against violations, it said in its financial stability report (FSR). -Livemint
The RBI today set an average base rate of 9.18% for non-banking financial companies and micro finance institutions to be charged from their customers for the quarter beginning July 1. “The applicable average base rate to be charged by non-banking financial companies and micro finance institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 1, 2019 will be 9.18%,” RBI said in a release. -Business Line
In a staggering revelation indicating that Indian banks have been under-reporting frauds. The Data released by the RBI in its latest edition of the Financial Stability Report, suggests that nearly 40% of the under-reported frauds actually took place in 3 years between 2013 to 2016. -Economic Times
Gross NPAs of NBFCs have risen from 5.8% in 2017-18 to 6.6% of their loans in 2018-19 even as net NPAs declined by 10 basis points from 3.8 to 3.7 per cent in the same period, the RBI’s Financial Stability Report has said. -Business Standard
After taking a hit on account of loans to IL&Fs, Bandhan Bank will stay away from big corporate loans, and will remain focused on micro-loans in the short term, C S Ghosh, MD & CEO of the bank said. -Business Standard
IndusInd Bank has now become 2.58% owner of micro -finance firm Satin Creditcare following allotment of 13.43 lakh equities against preference shares. -Economic Times
United Bank of India (UBI) is targeting an NPA recovery of around Rs 4,000 crore in the 2019-20 fiscal on the back of a one-time settlement (OTS) scheme, a top official said. In the April-June quarter, the bank is expecting a recovery of Rs 300-400 crore, which would mainly accrue from the retailing sector, MD and CEO Ashok Kumar Pradhan said. -Business Line
As per latest NPCI data, 33.5 million transactions worth Rs 9,000 crore happened over micro ATMs in May. The Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-ATMs, has emerged as one of the fastest growing payments systems in the country, second only to the UPI system in terms of annual volume growth. -Economic Times
The SBI today revealed the names of 10 new big-ticket firms from the pharmaceuticals, gems and jewellery and power sectors and also their top officials as it declared them 'wilful defaulters'. Mostly based in Mumbai, the outstandings from these loan defaulters are pegged at nearly 1,500 crore, and they have been served repeated reminders to clear their borrowings. -Livemint
Bank of Maharashtra said it will raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares. The decision was taken at the bank's annual general meeting held on June 27, 2019. -Moneycontrol.com
SIDBI has committed Rs 3,123.2 crore to 49 SEBI registered Alternative Investment Funds (AIFs), who in turn have invested Rs 1,625.73 crore into 247 startups, commerce and industry minister Piyush Goyal said today. -Economic Times
In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup today announced a partnership to bid for 75% of the airline through the NCLT process, members of the consortium said. -Economic Times
Union Minister for MSME Nitin Gadkari said that his vision is to increase MSMEs contribution to India’s GDP to over 50% from the current 29% and that for the Indian economy to scale the $5 trillion mark. -Economic Times
PM Modi and US President Donald Trump Friday "aired" their concerns over the bilateral trade disputes and agreed for an early meeting of their commerce ministers to sort out the issues, a day after the US leader demanded withdrawal of the "very high" tariffs levied by India on American goods. -Economic Times
India has received USD 1.81 billion FDI from China during April 2014 to March 2019, Parliament was informed Friday. -Economic Times
India's foreign exchange reserve touched a life-time high of $426.42 billion after it surged by $4.215 billion in the week to June 21, RBI data showed. Forex reserves had scaled a record high of $426.028 billion in the week to April 13, 2018. -Livemint
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Call Recording  Personel Loan Recovery Agent  RBI ... Foreign Reserves of India, Analysis of 4 big potential threats faced by Forex, Current Affairs 2018 RBI Annual Report 2018-2019 India's Forex Reserves — $400 billion and counting Forex reserve: India में विदेशी मुद्रा भंडार पहली बार 500 Arab Dollar के पार  वनइंडिया हिंदी Economy - YouTube

PREAMBLE “to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.” Topic: Forex reserves. Why growth of India’s forex reserves is set to slow after new RBI measures . Manojit Saha-2 September, 2020. RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months. Some cheer for Indian economy: $500 billion forex reserves, fifth largest in the world ... The country's foreign exchange reserves rose $183 million to touch a record high of $560.715 billion in the week ended October 30, RBI data showed on November 6. India's forex reserves soar to record $473 billion in week ended to 7 February, reveals RBI data The country's foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of increase in foreign currency assets, according to RBI data Read more about India's forex reserves near $500 bn, but RBI won't let rupee rise: Experts on Business Standard. Analysts say the central bank is enhancing reserves to guard against a likely downgrade in India's credit rating or to ensure a bigger transfer of surplus to the revenue-starved government Forex reserves touch lifetime high at $545 bn; bank deposit rises faster than last year, shows RBI . By: Samrat Sharma September 25, 2020 7:13 PM. The value of bank deposits in India rose 12 per ... In a recent data declared by the Reserve Bank of India (RBI) it was seen that the Foreign Exchange Reserve or the Forex for India has gone up, as compared to the last month. There was a rise to USD 292.33 billion by an amount of USD 1.26 billion. This increase was measured till the end of the week for February 7 th. The country's foreign exchange reserves rose by USD 2.296 billion to reach USD 537.548 billion in the week to August 21, RBI data showed on Friday. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge. Forex reserves climb to record $541.431 bn, gold reserves down by $64 mn After rising for weeks, forex reserves down by $2.94 bn to $535.25 bn Forex reserves down by $353 million to $541.66 billion: RBI data Forex reserves climb $582 million to record $542 billion: RBI data India's forex reserves climb $1.27 bn to record peak of $517.64 bn

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Call Recording Personel Loan Recovery Agent RBI ...

Of late, there are several complaints against the lending platforms which primarily relate to exorbitant interest rates, non-transparent methods to calculate interest, harsh recovery measures ... India’s rising forex reserves amid Covid economic crisis - The Hindu Analysis UPSC. According to RBI's weekly statistical data, the overall forex reserves increased to $501.703 billion on June 5 from $493.480 billion reported for the week ended May 29. Foreign Reserves of India, Analysis of 4 big potential threats faced by Forex, Current Affairs 2018 Study IQ education. Loading... Unsubscribe from Study IQ education? Cancel Unsubscribe. Working ... RBI press conference: Another $2 bn sell-buy swap, 1 lk cr LTRO announced to counter COVID-19 impact by The Economic Times. 5:18. Swaminathan Aiyar: India's low economic growth rate is here to ... ‘Government did not raid RBI reserves ... NDTV 98,431 views. 16:02. Will We See A V Shaped Recovery? Sridhar Sivaram To ET NOW - Duration: 18:27. ET NOW 2,655 views. New; 18:27. Watch CNBC's ... India's forex reserves surged by $2.6 billion to reach an all-time high of $400.7 billion on account of rise in foreign currency assets, according to RBI.

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