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RBI Governor-headed committee reviews global, domestic economic situation
Updated : 3 years, 4 months ago IST
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.
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RBI imposes penalties on nine cooperative banks for violating compliances
Updated : 3 years, 4 months ago IST
Those banks are The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank , The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank , Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santra
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At G20 summit, five central banks ink MoU for cross-border payments; Read
Updated : 3 years, 4 months ago IST
A Memorandum of Understanding (MOU) on Cooperation in Regional Payment Connectivity was signed on Monday in Bali, Indonesia, on the sidelines of the G20 Leaders' Summit.
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FBI launches probe into killing of Palestinian journalist in West Bank: Re
Updated : 3 years, 4 months ago IST
Abu Akleh was shot in May this year and killed while reporting on an Israeli raid in the West Bank. Witnesses said that Israeli soldiers shot the journalist, who was wearing a vest identifying her as press.
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Pakistan's remittances drop amid widening exchange rate gap
Updated : 3 years, 4 months ago IST
The workers' remittances recorded an inflow of USD 2.2 billion in October as compared to the previous month's figure of USD 2.4 billion, the central bank said in its official data last Friday.
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CBI arrests MD of Arise India Limited in a bank fraud case worth Rs 512.67
Updated : 3 years, 4 months ago IST
The Central Bureau of Investigation on Monday arrested a Managing Director and Promoter of a private company based in New Delhi in an ongoing investigation of a case related to bank fraud of Rs 512.67 crore.
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ED files chargesheet against 7 J-K-based bizmen, entities in 'Bank of Indi
Updated : 3 years, 4 months ago IST
The chargesheet was filed under the Prevention of Money Laundering Act (PMLA), 2002, in a case related to bank fraud wherein the total Non-Performing Assets (NPA) declared by the Bank of India was Rs 91.50 crore.
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India's urban infrastructure needs USD 840 billion investments over next 1
Updated : 3 years, 4 months ago IST
India will need to invest USD 840 billion over the next 15 years, or an average of USD 55 billion per annum, into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population, according to a World Bank report.
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Retail inflation to track within RBI's target band by March 2023: Morgan S
Updated : 3 years, 4 months ago IST
Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
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Rapid growth of urbanisation in India not matched by urban infra developme
Updated : 3 years, 4 months ago IST
In the 'Report on Municipal Finances' by the Reserve Bank of India (RBI) released recently, it said while the size of the municipal budgets in India is much smaller than peers in other countries, revenues are dominated by property tax collections and devolution of taxes and grants from upper
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MP: 2 persons held in connection with abduction of bank employee in Bhopal
Updated : 3 years, 4 months ago IST
The police arrested two persons for allegedly kidnapping a bank employee and demanding a ransom of Rs 1 crore in Bhopal.
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Seeds fincap organises its corporate event - Pallavan 2022 at The Leela Ho
Updated : 3 years, 4 months ago IST
New Delhi [India], November 12 (ANI/GPRC): Pallavan, a vibrant "leisure", the perfect combination of business education with leisure time was organized by Seeds Fincap Pvt Ltd, at "The Leela Ambience Convention Hotel" in Delhi. It was an ideal balance between workshops and leisure, thoroughl
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