Mumbai, July 12 India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term
Mumbai, July 11 India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term
New Delhi, June 24 The Centre has decided to bring urban and multi-state cooperative banks under the direct supervision of the Reserve Bank of India to protect depositors in these financial institutions. The Union Cabinet, in a meeting held on Wednesday,
Mumbai, June 20 The Reserve Bank of India (RBI) on Friday doubled the withdrawal limit for Punjab and Maharashtra Cooperative Bank’s depositors to Rs 100,000 from Rs 50,000 earlier. With this relaxation, the RBI said that more than 84 per
Mumbai, June 12 The Reserve Bank of India has come up with a discussion paper on governance in commercial banks, whereby it has proposed to limit the term of a bank promoter to hold the position of a CEO or whole-time
New Delhi, June 4 After the Reserve Bank of India said the waiver of interest charges on EMIs during moratorium will lead to loss of 1 per cent of the GDP, Supreme Court on Thursday asked the finance ministry to
Mumbai, May 30 The Reserve Bank of India (RBI) has imposed a fine of Rs 4 crore on Citibank for non-compliance of regulations. In a statement issued on Friday, the RBI said the penalty has been imposed on Citibank N.A.
Mumbai, May 29 The Reserve Bank of India (RBI) said on Thursday that it has imposed a monetary penalty of Rs 5 crore on Bank of India. According to the regulator, the penalty was imposed for non-compliance with certain norms
New Delhi, May 26 Days after the Reserve Bank of India (RBI) said that India’s GDP growth for the financial year 2020-21 may remain in the negative territory, CRISIL has projected that the country’s economy contract by 5 per cent
Mumbai, May 22 In a bid to ease the pressure of interest repayment on borrowers, the Reserve Bank of India has deferred the interest repayment on working capital facilities for three months and has allowed the repayment of accrued interests
Mumbai, May 22 The Reserve Bank of India (RBI) will extend a credit line of Rs 15,000 crore to the Export-Import (EXIM) Bank of India. The announcement is part of the RBI’s latest measures to help businesses and the economy
New Delhi, May 22 In a big relief to the corporate sector the Reserve Bank of India on Friday allowed a three-month extension of moratorium on payment of instalment with respect to all term loans outstanding on March 1, 2020.
Mumbai, May 22 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the GDP growth rate for the financial year 2020-21 is likely to be in the negative territory due to the severe impact of the coronavirus
Mumbai, May 22 To mitigate the impact of COVID-19 induced economic fallout, the Reserve Bank of India on Friday further reduced key lending rates by 40 basis points to historic low levels. Making the announcement through an online address, RBI
Mumbai, May 4 The Reserve Bank of India on Monday reviewed the liquidity and credit flow situation in the NBFC sector and assessed the position of Mutual Funds (MF) with respect of implantation of relief measures which it had earlier
Mumbai, May 3 The Reserve Bank of India has cancelled the banking licence of CKP Co-operative Bank, as its financial position has become unsustainable. Accordingly, the RBI took the decision on April 28 which came into effect at the close
Mumbai, April 30 The Reserve Bank of India (RBI) on Thursday extended the regulatory benefits announced under the SLF-MF scheme to all banks, irrespective of whether they avail funding from the Central Bank or deploy their own resources. The RBI
Mumbai, April 27 To ease liquidity pressures on Mutual Funds, the Reserve Bank of India on Monday decided to open a special liquidity facility (SLF-MF) worth Rs 50,000 crore. Accordingly, under the facility, the RBI shall conduct repo operations of 90
Mumbai, April 20 The Reserve Bank of India’s rate-setting panel will meet in June instead of April to assess the macro-economic situation. Accordingly, the first MPC meet of FY 2020-21 will take place from June 3-5. The RBI’s Monetary Policy
New Delhi, April 17 Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a 90-day extension for the resolution period for large stressed assets which have not been resolved within the 210 day deadline as per the central
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