Search For "bank of india"
RBI quells rumours on banking system, says no need for depositors to panic
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): The Reserve Bank of India (RBI) on Tuesday sought to quell rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors.
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No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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Shares of Indiabulls Group tank, housing finance unit down by 30 pc
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 30 (ANI): Shares of Indiabulls Group tanked in the morning trade on Monday with Indiabulls Housing Finance slumping by 30.16 per cent after the Delhi High Court agreed on Friday to hear a public interest litigation (PIL) alleging fund diversion and accoun
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Merger of banks being done to carry out anti-people agenda: CPI
Updated : 6 years, 9 months ago IST
Vijayawada (Andhra Pradesh) [India], Sept 28 (ANI): The Communist Party of India (CPI) on Saturday protested the merger of Andhra Bank with Union Bank of India and Corporation Bank, stating that Bharatiya Janata Party (BJP) government is doing merger politics for carrying out its anti-people
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PMC bank didn't disclose exposure for over 6 years: Suspended MD Joy Thoma
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 28 (ANI): Punjab Maharashtra Cooperation (PMC) Bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years, suspended MD, Joy Thomas admitted on Friday.
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Congress accuses RBI of systemic failure as regulator
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 27 (ANI): The Congress on Friday accused the Reserve Bank of India (RBI) of 'systemic failure' in regulating the affairs of Punjab and Maharashtra Cooperative Bank and demanded the central bank should withdraw instructions to restrict withdrawals initially to Rs 1,000
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RBI increases withdrawal limit from Rs 1,000 to 10,000 for PMC Bank custom
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): In a relief for Punjab and Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India (RBI) on Thursday increased the withdrawal limit from Rs 1,000 to 10,000.
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Kirit Somaiya requests RBI to initiate criminal action against HDIL and PM
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 26 (ANI): BJP leader Kirit Somaiya on Thursday wrote a letter to the Reserve Bank of India (RBI) requesting it to initiate criminal action against the management of HDIL company and PMC Bank for allegedly looting the deposits of people.
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Social media rumours of banks shutting down false: RBI
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 25 (ANI): The government and Reserve Bank of India (RBI) denied reports on Wednesday that the regulator is closing down at least nine commercial banks soon.
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Disinvestment profits can be used for limiting fiscal deficit to 3.5 pc: A
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 25 (ANI): Acuite Ratings on Wednesday said there is still a significant scope to limit India's fiscal deficit to 3.5 to 3.6 per cent if the government gives high priority to disinvestment and there is a sustainable revival in consumption and market sentiment
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