2023-04-25 09:13:57 India’s banking system is “strong enough to survive” stress caused by interest rates increasing and it will continue aiding economic growth, said the Finance Ministry in its monthly economic review on Tuesday. “The multifaceted nature of RBI’s regulatory actions, the improved bank balance sheets, and the attunement of the Indian banking system to … Read more
2023-04-03 11:33:39 About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed on Monday. These unclaimed deposits belong to 10.24 crore accounts transferred to the Reserve Bank … Read more
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on accelerated government expenditure and overseas inflows into local financial assets, helping drive down money market rates. The weighted average call rate, an operating target for the rate-setting panel at Reserve … Read more
India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy. The governor of the Reserve Bank of India (RBI) told a press conference here on Thursday that at the global level, the recent developments … Read more