Fema / RBI : RBI has reiterated that software and ITES exporters must submit the annual survey based on the previous financial year. The guidel...
Fema / RBI : RBI requires mutual funds to report foreign liabilities and assets annually for compilation of Balance of Payments and Internation...
Fema / RBI : RBI’s 2026 amendments impose a mandatory three-year cooling-off period after directors complete ten years on co-operative bank b...
Fema / RBI : The requirement applies if foreign assets or liabilities exist as of 31 March, even without fresh transactions. The rule ensures d...
Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
Fema / RBI : The amendment redefines revenue reserves by excluding provisions for liabilities and depreciation. This ensures clearer classifica...
Fema / RBI : RBI revises the definition of revenue reserves to exclude provisions and liabilities. The change enhances transparency and consist...
Fema / RBI : The Reserve Bank of India has removed a key provision from capital adequacy norms to ensure consistency with updated investment ru...
Fema / RBI : RBI introduces annual IFR assessment instead of continuous compliance for RRBs. The change reduces operational burden while mainta...
Fema / RBI : Reimbursement of interim payments from insured banks in priority to other liabilities was a valid exercise of legislative competen...
Fema / RBI : The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportu...
Fema / RBI : The court held that failure to apply Clause 3(d) of the RBI Master Circular invalidated the wilful defaulter declaration. Non-Exec...
Corporate Law : The court held that Ombudsman’s finding of customer negligence was unsustainable and directed bank to refund disputed amount. Th...
Corporate Law : Court ruled that protections under the RBI Circular apply only to third-party breaches and cannot be invoked to recast personal tr...
Fema / RBI : RBI has reiterated that old series banknotes issued before 2005 remain legal tender but should not be re-issued by banks. The circ...
Fema / RBI : The RBI has consolidated all directions relating to the withdrawal of ₹2000 banknotes from circulation. The circular reiterates ...
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements until September 30, 2026. The measure is aimed at attract...
Fema / RBI : RBI has exempted fresh FCNR(B) deposits mobilized between June 8 and September 30, 2026 from CRR and SLR requirements. The move ai...
Fema / RBI : RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements for urban co-operative banks. The move aims to attract fo...
In a developing nation’s economy, it’s the small and micro enterprises which play a vital role. If India has to have a growth rate of 8-10 percent for the next couple of decades, it needs a strong micro and small sector and micro entrepreneurs need to be nurtured. They not only give employment to a large number of people but also support bigger industries by supplying raw material, basic goods, finished parts and components, etc.
This paper examined the operation of credit channel of monetary policy rate transmission in India during the post-LAF period of 2001:3 to 2011:3. Drawing on the literature, two reduced form equations, one representing nominal bank credit and the other real bank credit was estimated. The regression estimates were carried out after transforming the variables to stationary form and following an approach similar to Hendry’s general-to-specific method. Stability and structural break tests were performed, and rolling regressions were estimated to confirmed robustness of the results.
Thank you for inviting me to share my thoughts at the Annual CII CFO Summit. In recent weeks, the macroeconomic environment has become particularly turbulent. Global conditions have contributed to a significant rebalancing of portfolios as a result of rapidly changing risk perceptions and appetites. This has led to increased instability and volatility in financial markets, particularly currency markets. On the domestic front, growth is decelerating while inflation remains high, with upside pressures persisting from the sharp depreciation in the rupee. While overall macroeconomic conditions may cause concern, we need to take an integrated and forward-looking view of positive and negative indicators and future risks while thinking about appropriate policy responses. This is what I propose to do during the course of this talk.
Why so much ado about an ‘efficient payment system’? Are Indian payment systems efficient? The importance of payment and settlement systems could be gauged from the IMF publication ‘Central Banking Lessons from the Crisis’ (May 27, 2010) which states that: ‘The crisis would have been much more severe had central banks not taken efforts to introduce robust payment and settlement systems, including for foreign exchange, over the two decades ahead of the crisis. The systemic impact of failure of a financial institution depends critically on the robustness of the infrastructure underpinning those markets in which it is active. Central banks, which in many cases are engaged in oversight of these systems, should play an important role in this regard, in cooperation with securities regulators and supervisors of individual institutions’
In view of the developments in the Microfinance sector, particularly in Andhra Pradesh, the Reserve Bank of India (RBI) had in October, 2010 constituted a Sub-Committee under Shri Y.H. Malegam, Member of the Central Board of Directors of RBI, to study issues and concerns of the Micro Finance Sector including interest rates charged by the lenders in this area. The Malegam Committee in its Report has inter alia recommended the following.
Let me now conclude. I have highlighted ten challenges that we need to address in order to accelerate output growth with focus on the quality of growth. I must admit that this list is by no means exhaustive, and individual lists can vary both in content and emphasis. I hope my list would, at the least, serve as a reference point for thinking through.
Failure of regulation, by wide agreement, was one of the main causes of the 2008 global financial crisis. It is unsurprising therefore that reforming regulation has come centre stage post-crisis. The progress in regulatory reforms over the last two years has been impressive, but the agenda ahead remains formidable. Regulation will bring in benefits by way of financial stability, but it also imposes costs. There are some ball park numbers for what the Basel III package might entail in terms of growth, but there has been no rigorous thinking on what the whole gamut of regulatory reforms currently on the agenda might mean for growth, equity and stability in terms of costs and benefits over time and in different regions of the world. Thinking through these vital and complex issues is the main motivation for the theme of this conference – Financial Sector Regulation – Equity, Stability and Growth in the Post-crisis World.
Recent global financial crisis has revealed that financial systems around the world rely on safety nets to reduce the adverse impact of financial crisis as also to prevent the re-occurrence of the crisis. During the global crisis, uncertainty triggered panic reactions and collapse of banks. Under these circumstances, deposit insurance emerged as an important part of financial safety net in arresting panic reaction. Governments across the globe took measures such as raising the deposit insurance coverage limits, providing blanket guarantees, etc. These measures restored the public confidence in banking systems. Thus, the importance of deposit insurance as a tool for preventing and mitigating the impact of financial crises as also for the smooth running of financial systems and maintaining financial stability has been fully appreciated.
We were confronted with the question “which model of mobile banking should India go for – a bank led model or a non-bank led one?” Protagonists of the non-bank led model referred to the success of such models in a few countries like Kenya and Philippines. While acknowledging that the mobile banking models in these countries were perhaps the appropriate solution in the respective jurisdictions, we, in India, came to the conclusion that absence of a bank presence in large parts of the country cannot be solved by non-bank players alone.
The Reserve Bank of India has, through a questionnaire, sought views/comments of all stakeholders on the Terms of Reference for the Nair Committee on Priority Sector Lending . Comments/suggestions/views may be emailed latest by November 15, 2011. It may be recalled that the Reserve Bank of India had appointed a Committee to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues (Chairman : Shri M. V. Nair).
