RBI to pay Rs 30,307 crore dividend to govt for FY22

Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk … Read more

RBI: Partial ban on crypto won’t work

In the presentation, senior officials highlighted the issue of trackability of transactions, valuation of cryptos, the extreme price volatility, legal issues and identifying the various actors in the crypto transaction chain as areas of concern. Among the board members Revathy Iyer (former deputy comptroller & auditor general) expressed the need to proceed with caution. However, … Read more

There’s nothing alarming about rise in MSME bad loans: RBI

The Reserve Bank on Friday allayed the fears of lenders about the rising delinquency levels among small business loan borrowers, who are hit hard by the Covid-19 second wave, saying the numbers are not alarming yet. The government and the central bank push to support MSMEs during the pandemic through credit measures like the emergency … Read more