Waiting for Cabinet approval, says FM Nirmala Sitharaman on bill on cryptocurrencyUnderlining that both the government and the RBI are "committed to financial stability", RBI Governor Shaktikanta Das had said there are no...
17 Aug, 2021, 09.39 AM IST
Smaller banks get cold feet, deactivate cryptocurrency accountsWhile large banks like State Bank of India, HDFC Bank, Axis Bank and ICICI Bank continue to be reluctant, some smaller banks such as IDFC B...
26 Jun, 2021, 09.12 AM IST
Stance against crypto unchanged: Shaktikanta DasThis is a reiteration of the RBI’s long-held stance against the use of virtual currency in India.
05 Jun, 2021, 10.13 AM IST
RBI says banks can’t use its 2018 circular to ban crypto transactionsIn recent weeks, several lenders including HDFC Bank and State Bank of India, had officially flagged transactions relating to the purchase ...
03 Jun, 2021, 08.37 PM IST
Investors cheer after RBI clarifies crypto trading isn’t bannedThe regulator late on Monday told banks not to cite a 2018 central bank circular as a reason to hinder crypto trades.
01 Jun, 2021, 09.51 PM IST
February 2018 circular created rift between Finance Ministry and RBI, says Subhash GargThe circular tightened norms on recognition of stressed assets, scrapped other restructuring schemes and said bad loans would only be resol...
29 Jul, 2020, 07.01 AM IST
Banned cryptocurrency to uphold integrity of banking system: RBIThe central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under any law in exis...
23 Jan, 2020, 07.52 AM IST
Four entities yet to comply with RBI's data localisation norms: Ravi Shankar PrasadLast week, the RBI issued a clarification that all data related to payments must be stored only in India.
03 Jul, 2019, 05.28 PM IST
Supreme Court ruling to slow down resolution of stressed assets: Rating agenciesBoth Crisil and Moody’s have voiced their concerns on the impact of the Supreme court ruling.
03 Apr, 2019, 10.05 PM IST
I am sure RBI will decide in present market conditions: Arun Jaitley on SC verdict on insolvency circularSC quashed the RBI circular of last year that pertains to the provisions for declaring a firm bankrupt even on a one-day overdue.
02 Apr, 2019, 10.48 PM IST
SC squashing RBI circular negative for banks, to delay resolutionRating agency Moody's in a note Tuesday said voiding of the circular is credit negative for banks.
02 Apr, 2019, 09.09 PM IST
SC order on NPAs: Power firms body heaves a sigh of reliefThe apex court quashed the RBI circular of February 12, 2018, that made it mandatory for banks to recognize even a one-day defaults by the ...
02 Apr, 2019, 08.03 PM IST
Power stocks rally after SC quashes RBI’s Feb 12 circular on NPAThe RBI circular had earlier directed banks to refer any loan account over Rs 2,000 crore under the Insolvency and Bankruptcy Code (IBC) if...
02 Apr, 2019, 11.57 AM IST
Fresh NPA additions at lenders slow down, recoveries on the riseBank provisions have increased, but experts say there is a perceptible change in credit culture
12 Feb, 2019, 07.21 AM IST
How RBI's Feb 12 circular changed the way banks dealt with stressed assetsIrrespective of what happens, the February 12 circular will always be the one that shook India Inc.
10 Feb, 2019, 09.49 AM IST
SC to hear all cases against RBI ban on virtual moneyIn the meantime, the Supreme Court has said that the petitioners can make representations to the RBI regarding the circular within two week...
18 May, 2018, 08.40 PM IST
11 individuals move SC against RBI circular that blocked banking services for bitcoin businessesThis is the fourth in the series of writ petitions against the RBI for blocking off banking services to cryptocurrency exchanges in India.
13 May, 2018, 02.15 PM IST