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RBI transfers surplus₹2.87 lac cr. to central govt.

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  Maintaining CRB  at the discretion of Central Board: RBI should ponder over a few points Reserve Bank of India (RBI) press release says "Taking into consideration the current macroeconomic factors, financial performance of the Bank and maintenance of appropriate risk buffers, the Central Board decided to transfer ₹1,09,379.64 cr. towards the CRB for FY 2025-26 .... and maintain the CRB at 6.5 percent of the size of the RBI Balance Sheet. The Central Board approved the transfer of surplus of ₹2,86,588.46 cr. to the Central Government for the accounting year 2025-26".  The Economic Capital Framework (ECF) introduced in August 2019 was internally reviewed by RBI and the revised ECF was implemented in March 2025. The revised framework provides flexibility to maintain the Contingent Risk Buffer (CRB) between the range of 4.5% and 7.5% of the size of the Balance Sheet. The Central Board of RBI is given the discretion to maintain the CRB between 4.5-7.5%, with the board requir...
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தமிழக முதல்வர் வெற்றி பெற....

  தமிழகத்தின் புதிய முதல்வர் வெற்றி பெற  ஏற வேண்டிய  படிக்கட்டுகள் தமிழகத்தின் முதல்வராக  திரு. C. ஜோசப் விஜய் பொறுப்பேற்றிருக்கிறார். இவருக்கும் மற்றவர்கள் முதல்வராக பதவியேற்றதற்கும் உள்ள மூன்று முக்கிய வித்தியாசங்களாக நான் காண்பது.  1. 60 வருடங்களாக தமிழகத்தை ஆண்ட இரண்டு மாநில கட்சிகள் வேண்டாம் என்ற எதிர்மறை ஒட்டுகள். இவரது தமிழ் படங்களில் வெளிப்படுத்திய நடிப்பால் ஈர்க்கப்பட்டு ரசிகர்களானவர்களின் நேர்மறை ஓட்டுகள். முதல் முறையாக வாக்களிக்கும் உரிமை பெற்ற இளைஞர்களின் ஓட்டுகள். வாக்களிக்கும் உரிமை பெறாத 5-18 வயதுக்கு உட்பட்ட பால் மணம் மாறா சிறுவர்-சிறுமியர்களின் வற்புறுத்தலால் வீட்டு பெரியவர்கள் அளித்தவை. சிறுபான்மை வகுப்பினரில் பெரும்பாலோர் அளித்த வாக்குகள். ஆக, நேர்மறை பாதி, மற்ற கட்சியினரின் மீதான எதிர்மறையில் பாதி என்று அவர் வாக்குகளை கணக்கிடலாம். பழைய வலி  நிவாரணிகள் பயன் தராததால் 'புதிய நிவாரணி' நாடி இருக்கிறோம். அது ஒரு 'மாற்று' மட்டும் தானா அல்லது 'வாராது வந்த மாமணியா' என்பதை புதிய முதல்வரின் செயல்கள் தீர்மானிக்கும்.  2. அவர் படங்களின் கதாநாயகன...
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CUB and Dr.N. Kamakodi

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Dr.N. Kamakodi with CUB: 15 years as MD & CEO coming to an end Dr. Shri N.Kamakodi (Dr. Kamakodi),  Managing Director and CEO of City Union Bank Ltd. (CUB) for the last fifteen years, is demitting his office today. Shri R. Vijay Anandh, currently Executive Director of the Bank will be assuming charge as the new MD & CEO with effect from tomorrow (1st May 2026). As a mark of deep gratitude, respect and acknowledgement to the meritorious services received from Dr. Kamakodi, the bank has narrated (in its investors' presentation) the journey of its progress in the last fifteen years, with the latter being at the helm of affairs.  With an increase of  2 times in capital (paid up), 4 times the number of branches (network across India) and 3 times the number of staff (human resources)  the bank multiplied  its total business (deposits and advances) 7 times, net profit 6 times, reserves and surplus (net worth as well) 10 times and market capitalization (share pr...
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Engagement of legal firms by HDFC Bank

  Getting a 'certificate' on Corporate Governance: HDFC Bank may be the pioneer I. Perplexed: I was surprised, when HDFC Bank (Bank) informed the stock exchanges that the bank's board, in order to reinforce the robust governance, took a proactive step and approved the appointment of external law firms to conduct ‘review’ regarding Mr. Chakraborty’s (ex-chairman) resignation letter. (In the resignation letter, Mr. Chakraborty mentioned that  certain happenings and practices within the bank in the last two years that were not in congruence with his personal views and ethics and he quoted them as the basis for his decision to resign). I was perplexed because, the legal firms engaged for the purpose might find it  difficult to come to a meaningful conclusion about the veracity of the reasons, cited in the resignation letter, from the following available 'material' records . 1. Discussions in the board meetings: Normally all decisions approved in the bank's board ar...
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RBI MPC meets on 6th April 2026

First meeting of MPC - FY26-27   Status quo assumed: Interested in projections  The 60th bi-monthly review meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) and the first one for the current financial year  (FY 26-27) begins  tomorrow. Main Points for discussion while reviewing the policy rate:   1. Even as CPI inflation is on the rise since Dec 25 (2.74 in Jan 26 and 3.21 in Feb 26), the inflation rate continues to be less than the target rate of 4%. CPI inflation is now calculated based on changes in the base year. The GDP growth up to Feb 26 promised a growth rate of above 7% for FY 26. All these factors may not be considered relevant in the current bi-monthly meeting in the backdrop of the on-going war between USA-Israel on the one side and Iran on the other, not on a full scale but caused enough damages already in the Gulf region that hit the world at large as a consequence. Though the positive domestic factors can no longer be ...
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SBHians Day to remember

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  SBHians: Happy SBH Day, the 5th April It was sometime in March 2015. Our SBH MD Shri Santanu Mukherjee was admitted in a hospital in Hyderabad, following a sudden suspected stomach infection. Me and the other CGM Shri Jasbir Singh Aneja, (Shri Aneja) met him in the hospital and while returning, both of us  were much worried about his health condition. The next morning, since Shri Aneja's house door was not opened even after repeated pressing of 'alarm bell' and knocks on the door, his car driver came to my house (Both of us were staying in 'SBH Abode', the bank's residential complex in Secunderabad) to apprise the situation. I permitted him to open the door and Shri Aneja was found unconscious. The doctor came, inspected and declared that he is no more, probably due to a massive heart attack that occurred in the early morning hours. The entire bank staff were stunned by the happening of the above two developments, within a fortnight, and the financial year end...
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Too Big are more equals

Big Individuals/Banks' Board/Directors are more equals* 1. Ex-Chairman of HDFC Bank Ltd : Last week, the then part-time Chairman (ex-chairman) of HDFC Bank Ltd.,(the bank) created a storm/bloodbath in stock exchanges by his statement that  “certain happenings and practices within the bank that I have observed over last two years, are not in congruence with my personal Values and Ethics”. He further quoted the above as the “basis” for his decision to resign from his position as Part- time Chairman and Independent Director on the Board of HDFC Bank. He did not elaborate further. In the last two years, (i)             RBI fined the bank for ₹ 1 Cr. for violating regulations relating to interest rate on deposits, recovery agents and customer service (Sep 24) (ii)       SEBI issued an administrative warning for non-compliance with merchant banking regulations. (Dec 24) (iii)       Dubai Financial Services Authority s...
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