By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016Read More →
By Administrator_ India Capital Sands Equity indices defied gravity for the fourth straight session to close at lifetime highs on Thursday, as FMCG and banking counters saw robust demand amid encouraging quarterly earnings. Participants shrugged off weak Asian cues and kept accumulating stocks ahead of the RBI’s policy decision onRead More →
By Administrator_ India Capital Sands Bonds closed stronger on the last day of 2020 and the rupee weaker as the Reserve Bank of India followed opposite strategies for the two throughout the year. The rupee ended at 73.1 a dollar on Thursday, against 71.4 at the end of 2019. It hasRead More →
By Administration_ India Capital Sands The RBI Governor Shaktikanta Das has asked banks to take proactive measures to strengthen their resilience and lending capacity by raising capital, the central bank said in a statement on Wednesday. During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on theRead More →
By Administrator_India Capital Sands The Reserve Bank of India on Tuesday said it is yet to come up with a resolution plan for Punjab and Maharashtra Cooperative Bank, and named a new administrator for the crisis-ridden lender. While the central bank and the PMC Bank administrator have been exploring variousRead More →
By Administrator_India Capital Sands The Centre and the RBI informed the Supreme Court on Tuesday that the moratorium on repayment of loans must be extendable to two years under certain conditions. And, the sectors most distressed by the economic slowdown are being identified. The apex court said it would hear theRead More →