New Delhi, March 11 The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of
Mumbai, March 5 The Reserve Bank of India (RBI) has levied a penalty of Rs 4 crore on Karnataka Bank for delayed implementation of four “Swift” related operational controls, the lender said on Monday. The Swift system is a messaging
New Delhi, Feb 27 The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities. The Board for Financial Supervision
New Delhi, Feb 22 Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday met PSU and private sector banks CEOs and MDs to discuss rate transmission and persuade them to pass on the advantages after taking note of the non-passing
New Delhi, Feb 19 (IANS) The Reserve Bank of India (RBI) board on Monday approved transfer Rs 28,000-crore interim dividend to the government ahead of the general elections to meet the welfare expenditures and the fiscal deficit breach. This is the
New Delhi, Feb 15 The Reserve Bank of India on Thursday said that Finance Minister Piyush Goyal will address its Central Board on February 18. In a late night statement, the RBI said that FM will address the Central Board
Mumbai, Feb 9 A day after the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs 30 lakh. Rajnish Kumar, Chairman, SBI,
Mumbai, Feb 9 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. In a regulatory filing to the BSE on Friday, the Allahabad
New Delhi, Feb 8 The first payout under the direct income scheme for farmers announced in the Interim Budget may be made even before the third week of February, says Economic Affairs Secretary Subhash Chandra Garg who sought to dismiss
Mumbai, Feb 7 In a major relief to farmers, the Reserve Bank of India (RBI) here on Thursday raised the collateral-free agriculture loans’ limit to Rs 1.6 lakh from Rs 1 lakh. “Keeping in view the overall inflation and rise in
Mumbai, Feb 7 In a surprise move that could bring down home and auto loans, the RBI on Thursday went the whole hog by not only lowering its key lending rate for commercial banks by 25 basis points (bps) to
Mumbai, Feb 6 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2
Mumbai, Jan 21 The Reserve Bank of India (RBI) on Monday initiated two quarterly surveys to examine the current situation including the job scenario in India’s manufacturing, services and infrastructure sectors. Findings of the two surveys — Industrial Outlook Survey (IOS),
Mumbai, Jan 17 The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January
Mumbai, Dec 27 The Reserve Bank of India (RBI) has launched a survey to understand the “Retail Payment Habits of Individuals” (SRPHi). According to the central bank, the survey will cover a sample of 6,000 individuals from different socio-economic background
Mumbai, Dec 12 Declaring that he would uphold the “autonomy, integrity and credibility” of the RBI, newly-appointed Governor Shaktikanta Das said on Wednesday that the government is resposible for running the country and the central bank is also accountable. Briefing reporters
New Delhi, Dec 12 Former Economic Affairs Secretary Shaktikanta Das on Wednesday assumed charge as RBI Governor after Urjit Patel abruptly resigned from the post amidst a tiff with the government on the central bank’s autonomy. “Assumed charge as Governor, Reserve
Mumbai, Dec 10 The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of
Mumbai, Dec 5 (IANS) With finance for the MSME sector an ongoing key issue between the Centre and the central bank, the RBI on Wednesday announced it is constituting an expert committee to identify causes and proposed long-term solutions for the
Mumbai, Dec 5 (IANS) In its penultimate monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.
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