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The Reserve Bank's Monetary Policy Committee (MPC) voted unanimously to leave the repo rate unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the panel.
RBI to restore the cash reserve ratio in two phases to 4% February 05, 2021 Quality lending, if undertaken, may enhance profitability for banks - istock/Denis Vostrikov× CRR will go up from 3 per cent to 3.5 per cent effective from March 27, and to 4 per cent effective from May 22 The Reserve Bank of India (RBI) has decided to gradually restore the cash reserve ratio (CRR) in two phases in a non-disruptive manner. This move is based on a review of monetary and liquidity conditions. CRR, which is the slice of deposits that banks maintain with the RBI, will go up from 3 per cent to 3.5 pe...
RBI conducting independent assessment of true NPA picture: Governor Shaktikanta Das SECTIONS Share Synopsis The Economic Survey had last week called for another round of asset quality review when the Covid related forbearance is lifted. The survey stated that it was important for the Reserve Bank of India to do a complete clean-up exercise of bank balance sheets after granting every regulatory forbearance. Agencies We are exactly doing what an AQR needs to do and that is already happening as part of our supervision, RBI Governor Shaktikanta Das said. Mumbai: The Reserve Bank of India is condu...
Share this article GLENS FALLS, N.Y., Jan. 28, 2021 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS ® – AROW) announced operating results for the three- and 12-month periods ended December 31, 2020. For the fourth quarter of 2020, net income was $12.5 million, an increase of $2.8 million, or 28.3%, from the fourth quarter of 2019. For the year ended December 31, 2020, net income was a record $40.8 million, up 8.9% over net income of $37.5 million for 2019. Diluted EPS was $0.81 for the fourth quarter, up 28.6% from $0.63 from the comparable 2019 quarter, and $2.64 for 2020, up 8.5% ...
HDFC Bank's Capital Adequacy Ratio was at 18.9% as of Dec 31, 2020