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Number of ATMs increase to over 2.13 lakh by September 2021
According to the data from RBI, scheduled commercial banks have installed 2,13,145 ATMs (Automated Teller Machines) up to September 2021
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Private lenders fare better in interest rate transmission
The rate reduction has been more than 100 basis points for private sector banks
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RBI bats for functional autonomy for local bodies
Financially empowering them through higher resource availability, including own resource generation and transfers, are critical for, says RBI
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Metropolitan centers lead growth in bank credit
It signals broad recovery in economic activities, says the Reserve Bank
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RBI panel for no cap on promoters stake in pvt banks
This may continue as a minimum of 40% of the paid-up voting equity share capital of the bank for the first five years.
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Banks see rise in wilful defaults
The total outstanding amount that wilful defaulters owe to banks stood at ₹6.85 lakh crore as of in June
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RBI unlikely to allow an exception for ownership changes
Central bank working on comprehensive norms that will also deal with corporate ownership of lenders
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RBI working group recommends new law to end illegal digital lending
Central bank also proposes stringent norms to regulate lending via apps
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Centre may adopt a middle-of-the-road on cryptocurrencies
Use of virtual currencies for payments may be banned, but may allow crypto asset trading
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Growth taking root after plunge in pandemic, says RBI governor
Shaktikanta Das said the economy has the potential to grow at a reasonably high pace, provided private capital investment resumes
