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
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
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
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
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
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
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
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
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
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).
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
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
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,
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
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
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
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
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
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
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
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