The State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD), to mobilise funds to support environment-friendly initiatives and projects.
The Appointments Committee of the Cabinet has approved the re-appointment of Deputy Governor (DG) of Reserve Bank of India (RBI), Michael Debabrata Patra, for a further period of one year effective January 15, or until further orders, whichever is earlier.
India's foreign exchange reserves declined by USD 5.898 billion to USD 617.303 billion in the week that ended on January 5, 2023, the latest data released by the Reserve Bank of India showed.
The Reserve Bank of India (RBI) has imposed monetary penalties, of varying degrees, against ESAF Small Finance Bank, Dhanlaxmi Bank, and Punjab and Sind Bank over various non-compliances.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's banking sector as a whole has emerged stronger from the unprecedented challenges of the recent COVID-19 pandemic and the subsequent geopolitics.
Pune (Maharashtra) [India], January 11: Track today's gold rates effortlessly with Bajaj Finance and make informed decisions about gold investments and transactions.
Ahmedabad (Gujarat) [India], January 10: MAS Financial Services Ltd.'s consolidated AUM crossed the milestone of Rs. 10,000 crore during the quarter and stood at approximately Rs. 10,225 crore as on December 31, 2023, registering a strong growth of 27% YoY.
Bengaluru (Karnataka) [India], January 10: Puravankara Limited (BSE: 532891), one of India's most trusted and admired real estate developers, has recorded a strong sales performance in 9MFY24 with a sales value of Rs 3,967 crores, an increase of 89 per cent compared to Rs 2,100 crores in 9MF
The penalty is a result of the bank's non-compliance with various directives issued by the RBI, including those pertaining to 'Loans and Advances to directors, relatives, and firms/concerns in which they are interested,' 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative
The central bank, through an order dated December 19, 2023, has imposed a monetary penalty of Rs 50,000 on the cooperative bank. This penalty has been levied due to the bank's non-compliance with specific directives issued by the RBI.
According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC))
According to RBI, the penalty, dated December 13, 2023, has been enforced due to the bank's non-compliance with RBI directives concerning the 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)' and violations of Section 26A(2) read with Section 56 of the Ban