Back to homepage

Tag "reserve bank of india"

UCO Bank shares surge 10% as RBI lifts PCA restrictions

UCO Bank shares surge 10% as RBI lifts PCA restrictions

🕔17:40, 9.Sep 2021

Mumbai, Sep 9  Shares of UCO Bank surged over 10 per cent on Thursday afternoon as the Reserve Bank of India (RBI) decided to bring it out of the Prompt Corrective Action (PCA) framework and lifted the restrictions. Around 12.40

Read Full Article
RBI imposes Rs 25 lakh fine on Axis Bank for violation of KYC norms

RBI imposes Rs 25 lakh fine on Axis Bank for violation of KYC norms

🕔09:07, 2.Sep 2021

Mumbai, Sep 2 The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC) regulations. The penalty has been imposed in exercise of powers vested in the RBI

Read Full Article
RBI to fine tune liquidity operations whenever needed

RBI to fine tune liquidity operations whenever needed

🕔22:26, 31.Aug 2021

Mumbai, Aug 31 (IANS) The Reserve Bank of India (RBI) will fine tune liquidity operations from time-to-time, when needed, Governor Shaktikanta Das said on Tuesday. Addressing the FIMMDA-PDAI Annual Conference, he said that the Reserve Bank will endeavour to ensure adequate

Read Full Article
RBI raises incentive for banks for distribution of coins

RBI raises incentive for banks for distribution of coins

🕔07:40, 28.Aug 2021

Mumbai, Aug 28  The Reserve Bank of India (RBI) has increased incentives for banks for the distribution of coins to the general public to Rs 65 per bag with effect from September 1. Currently, the incentive is Rs 25 per

Read Full Article
RBI Deputy Guvs, MDs of Small Finance Banks discuss key issues

RBI Deputy Guvs, MDs of Small Finance Banks discuss key issues

🕔22:14, 27.Aug 2021

Mumbai, Aug 27  The Reserve Bank of India’s Deputy Governors M.K. Jain and M. Rajeshwar Rao held discussions with the MD and CEOs of all 11 Small Finance Banks (SFBs) on Friday. The discussion was also attended by the RBI’s

Read Full Article
RBI appoints Ajay Kumar as new executive director

RBI appoints Ajay Kumar as new executive director

🕔17:41, 26.Aug 2021

New Delhi, Aug 26  The Reserve Bank of India (RBI) has appointed Ajay Kumar as Executive Director (ED). An RBI statement on Thursday said that the appointment came into effect from August 20. Prior to being promoted as ED, Kumar

Read Full Article
RBI suggests startups to convert ‘innovative ideas’ into breakeven, profits

RBI suggests startups to convert ‘innovative ideas’ into breakeven, profits

🕔14:37, 18.Aug 2021

Mumbai, Aug 18  At a time when startups and new-age companies are garnering huge investor interest along with robust responses for IPOs, the Reserve Bank of India (RBI) has said that the interest will sustain only if the companies are

Read Full Article
HDFC Bank can now issue new credit cards; shares rise

HDFC Bank can now issue new credit cards; shares rise

🕔14:36, 18.Aug 2021

Mumbai, Aug 18  The Reserve Bank of India (RBI) has relaxed the restrictions on HDFC Bank and allowed the lender to issue new credit cards. However, the restrictions on all new launches of the digital business generating activities planned under

Read Full Article
India gets ‘Financial Inclusion Index’

India gets ‘Financial Inclusion Index’

🕔18:03, 17.Aug 2021

New Delhi, Aug 17  India has got a composite ‘Financial Inclusion Index’ (FI- Index) to capture the extent of financial inclusion across the country. Accordingly, the Reserve Bank of India has constructed a composite FI-Index which was announced in the

Read Full Article
RBI fines 2 Maha co-op banks for non-compliance of norms

RBI fines 2 Maha co-op banks for non-compliance of norms

🕔20:13, 13.Aug 2021

Mumbai, Aug 13  The Reserve Bank of India (RBI) has imposed monetary penalties on the Greater Bombay Co-operative Bank Ltd and the Jalna People’s Co-operative Bank Ltd for non-compliance of directions from the central bank to urban co-operative banks (UCBs).

Read Full Article
RBI expected to raise rates by FY22 end: Crisil Research

RBI expected to raise rates by FY22 end: Crisil Research

🕔20:03, 13.Aug 2021

New Delhi, Aug 13  The Reserve Bank of India is expected to raise key rates by 25 bps at the end of FY22, Crisil Research said in a report. The easy monetary policy regime seems to reaching its limits, the

Read Full Article
RBI’s Central Board takes stock of current economic situation

RBI’s Central Board takes stock of current economic situation

🕔20:02, 13.Aug 2021

Mumbai, Aug 13  The Reserve Bank of India’s (RBI) Central Board met on Friday to take stock of the current economic situation and review the measures taken by the apex bank to mitigate the adverse impact of Covid-19 on the

Read Full Article
RBI extends deadlines for meeting thresholds under Covid restructuring scheme

RBI extends deadlines for meeting thresholds under Covid restructuring scheme

🕔16:59, 6.Aug 2021

Mumbai, Aug 6  The Reserve Bank of India (RBI) has extended deadlines for meeting certain thresholds prescribed under the Covid Resolution Framework 1.0. The resolution plans implemented under the Resolution Framework for COVID-19 related stress announced on August 6, 2020,

Read Full Article
RBI to absorb surplus liquidity through 4 more VRRR auctions

RBI to absorb surplus liquidity through 4 more VRRR auctions

🕔16:58, 6.Aug 2021

Mumbai, Aug 6 The Reserve Bank of India (RBI) will conduct four variable reverse repo rate (VRRR) auctions of Rs 13 lakh crore in the fortnight beginning August 13 till September 24, to absorb surplus liquidity from the banking system. Under

Read Full Article
Recovering Economy: RBI retains FY22 projection for real GDP growth at 9.5%

Recovering Economy: RBI retains FY22 projection for real GDP growth at 9.5%

🕔11:50, 6.Aug 2021

New Delhi, Aug 6 The Reserve Bank had retained the FY22 projection for real GDP growth at 9.5 per cent on the back of receding impact of Covid second wave as well as rising vaccinations. Accordingly, RBI Governor Shaktikanta Das, pointed

Read Full Article
RBI extends ‘TLTRO on Tap’ scheme by 3 months

RBI extends ‘TLTRO on Tap’ scheme by 3 months

🕔11:49, 6.Aug 2021

Mumbai, Aug 6  The Reserve Bank on Friday decided to extend the ‘TLTRO on Tap’ liquidity scheme till December 31, 2021. The scheme provides liquidity support for revival of activity in specific sectors that have both backward and forward linkages

Read Full Article
RBI keeps key rates intact, maintains accommodative stance

RBI keeps key rates intact, maintains accommodative stance

🕔11:44, 6.Aug 2021

Mumbai, Aug 6 To protect the nascent economic recovery, the Reserve Bank of India retained its key short-term lending rates during the third monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give a push to economic

Read Full Article
RBI announces fresh Rs 50K cr auction under G-sec Acquisition Programme 2.0

RBI announces fresh Rs 50K cr auction under G-sec Acquisition Programme 2.0

🕔11:42, 6.Aug 2021

Mumbai, Aug 6  RBI on Friday announced that it will conduct two more auctions of Rs 25,000 crore each for open market purchase of government securities under G-sec Acquisition Programme (G-SAP 2.0). In a virtual address post Monetary Policy Committee

Read Full Article
RBI raises retail inflation estimate for FY22 to 5.7%

RBI raises retail inflation estimate for FY22 to 5.7%

🕔11:41, 6.Aug 2021

New Delhi, Aug 6  The Reserve Bank of India (RBI) has raised the retail inflation projection for the ongoing financial year to 5.7 per cent from the previous estimate of 5.1 per cent. In a virtual address post the monetary

Read Full Article
RBI cautions against offers of buying or selling old notes

RBI cautions against offers of buying or selling old notes

🕔16:43, 4.Aug 2021

Mumbai, Aug 4  The Reserve Bank of India (RBI) has cautioned the public from falling prey to offers of buying or selling of old bank notes and coins. In a statement, the central bank said that certain elements are fraudulently

Read Full Article