Search For "bank of india"
Supreme Court's Constitution Bench seeks Centre, RBI response on demonetis
Updated : 3 years, 9 months ago IST
New Delhi [India], October 12 (ANI): The Supreme Court's Constitution Bench on Wednesday asked the Centre and Reserve Bank of India (RBI) to file a comprehensive affidavit on the decision to demonetize currency notes of Rs 500 and 1,000 in 2016.
Read More
RBI cancels licence of Pune-based Seva Vikas Cooperative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd because of the company's earnings prospects and lack of capital.
Read More
RBI imposes monetary penalty on Kerala State Cooperative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 10 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Thiruvananthapuram-based The Kerala State Co-operative Bank Ltd for non-compliance with the provisions of the banking regulations.
Read More
India's forex reserves dip by $4.85 bn; hit lowest level since July 2020
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): India's foreign exchange (forex) reserves slumped by $4.854 billion to $532.664 billion for the week ended September 30, the lowest level since July 2020, as the Reserve Bank of India (RBI) used its kitty to defend the rupee, which has hit recor
Read More
RBI releases 'concept note' on Central Bank Digital Currency
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
Read More
Microfinance Industry's Code of Conduct, 4th Edition released by SIDBI CMD
Updated : 3 years, 9 months ago IST
New Delhi [India], October 7 (ANI/PNN): Microfinance Institutions Network (MFIN), industry association for Microfinance and an RBI-recognized self-regulatory organization today announced the release of the fourth edition of the Industry Code of Conduct, jointly with Small Industries Developm
Read More
RBI governor launches advanced supervisory monitory system - Daksh
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) (India), October 7 (ANI): The governor of the Reserve Bank of India (RBI), Shaktikanta Das, launched a new 'SupTech' initiative Daksh - the central bank's advanced monitoring system - which is expected to make the supervisory processes more robust.
Read More
RBI seeks EoIs from consultants in AI, ML for supervisory inputs
Updated : 3 years, 9 months ago IST
Mumbai [India], October 5 (ANI): The Reserve Bank of India has sought expressions of interest from consultants in the fields of advanced analytics, artificial intelligence and machine learning for supervisory inputs.
Read More
New rules for debit, credit cards begin with tokenisation today, All you n
Updated : 3 years, 9 months ago IST
New Delhi [India], October 1 (ANI): The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year. This added layer of security by way of tokenisat
Read More
Experts fear rate hike may dampen consumption, express optimism over resil
Updated : 3 years, 9 months ago IST
New Delhi [India], September 30 (ANI): After the Reserve Bank of India (RBI) hiked repo rate on Friday, it brings into focus how the hike was in line with the tightening policies across the economies as expected by experts.
Read More
Indian equities snap 7-day losing streak; Sensex surges 1,017 points
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by over 1,000 points on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the markets.
Read More
Sensex surges 1,200 points as RBI hikes repo rate 50 bps on expected lines
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Indian stock market's benchmark Sensex surged by more than 1,200 points in the intra-day on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points, which was largely expected by the market.
Read More