Govt invoked Section 7 of RBI Act after Allahabad HC orders:...

New Delhi [India], Nov 28 (ANI): The central government's decision to invoke Section 7 of the Reserve Bank of India...

RBI's new body to look into PCA issues

Mumbai (Maharashtra) [India], Nov 19 (ANI): The Reserve Bank of India's (RBI) Central Board on Monday decided to...

Parliamentary panel meets heads of 11 PSU banks

New Delhi [India], June 26 (ANI): The Parliamentary Standing Committee on Tuesday met 11 Public Sector...

Finance Minister Piyush Goyal takes stock of banking system

New Delhi [India], May 17 (ANI): Union Finance Minister Piyush Goyal on Thursday attended a meeting convened by the...

RBI issues corrective framework for PSBs

New Delhi [India], Mar. 17 (ANI): Amid the multiple scams unearthed recently in the banking sector, the Reserve Bank...

No question of closing down any bank, says DFS Secretary

New Delhi [India], Dec 22 (ANI): There is no question of closing down any bank, rather the government is looking to...

PCA framework not intended to constrain normal banking...

New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective...

IDBI Bank on RBI's radar for bad loans

New Delhi [India], May 10 (ANI): The Reserve Bank of India (RBI) on Wednesday invoked prompt corrective action (PCA)...

RBI's tightening of prompt corrective action framework...

New Delhi [India], Apr 19 (ANI): According to credit rating agency ICRA, the Reserve Bank of India's...