Search For "bank of india"
What is Monetary Policy Committee, and what is its function?
Updated : 4 years ago IST
New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target, while keeping in mind the objective of economic growth.
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RBI imposes monetary penalty on IndusInd Bank
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes monetary penalty on Kotak Mahindra Bank
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
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RBI launches survey on International Trade in Banking Services
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has launched the 2021-22 round of its survey on International Trade in Banking Services (ITBS).
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EXPLAINED: Why central banks, including the RBI, raising lending rates agg
Updated : 4 years ago IST
New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the US, the inflation rate has increased by an unparalleled amount of 8.6 per cent in May 2022, reaching a forty-year high.
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India's forex reserves rise $2.73 billion after three week of fall
Updated : 4 years ago IST
New Delhi [India], July 2 (ANI): India's foreign exchange reserves rose by $2.734 billion to $593.323 billion during the week that ended on June 24, the Reserve Bank of India's weekly data showed.
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RBI releases the Financial Stability Report, June 2022
Updated : 4 years ago IST
New Delhi [India], June 30 (ANI): Reserve Bank of India (RBI) released the 25th issue of the Financial Stability Report (FSR), which reflected the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resi
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Cryptocurrencies are a clear danger, need to guard against any disruption
Updated : 4 years ago IST
Mumbai (Maharashtra) [India], June 30 (ANI): Cryptocurrencies are a clear danger and anything that derives value based on make-believe, without any underlying, is just speculation under a sophisticated name, RBI Governor Shaktikanta Das has said in the foreword of the Financial Stability Re
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Fleet operators in expansion lane despite higher interest rates: Report
Updated : 4 years ago IST
New Delhi [India], June 30 (ANI): Fleet operators are likely to continue adding to their fleet size this financial year, steered by higher demand from road-freight sectors despite higher repayment burden emanating from a rise in interest rates on loans, said a rating agency CRISIL report.
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Bank deposit growth moderated year-on-year in March, says RBI
Updated : 4 years ago IST
New Delhi [India], June 29 (ANI): Bank deposit growth has moderated year-on-year to 10.0 per cent in March 2022 as compared with 11.9 per cent a year ago, the Reserve Bank of India data showed.
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RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank
Updated : 4 years ago IST
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guideli
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Rating agency ICRA sees India's policy rate hike shallower than US
Updated : 4 years ago IST
New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.
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