India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit facilities worth USD 1,500 million to Sri Lanka.
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers, RBI said.
Thane (Maharashtra) [India], January 11 (ANI/ BusinessWire India): Strong performance of past SME IPOs has spurred investors' interest, with 87 small and medium enterprises (SMEs) garnering Rs 1,460 crore through initial share sales in the first nine months of the year 2022.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI said.
The Reserve Bank of India (RBl) has imposed a monetary penalty on five cooperative banks for some contravention or for non-compliance with varied central bank directions.
The State Bank of India, GTX, UIDAI and Nabard, among others, took part in the symposium highlighting India's digital innovations for advancing financial inclusion.
Speaking on raising productivity during a conference held by the International Monetary Fund, Reserve Bank of India Governor Shaktikanta Das on Friday said while sustained and broad-based economic recovery remains the current policy focus, it is necessary to undertake deep structural reforms
The Governor was speaking at a conference, organised by the International Monetary Fund (IMF), on Friday. He was talking along the lines of the South Asian region's macroeconomic challenges and policy priorities. The governor also said, "The priority for South Asian region, including Indi
On September 22, 2022, the RBI directed Mahindra and Mahindra Financial Services Limited to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.