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RBI Deputy Governor Michael Patra's tenure extended by another year
Updated : 2 years, 2 months ago IST
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.
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India's forex reserves fell USD 5.9 billion in week that ended January 5
Updated : 2 years, 2 months ago IST
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.
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RBI imposes monetary penalty on Dhanlaxmi Bank, ESAF Small Finance Bank, P
Updated : 2 years, 2 months ago IST
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.
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Indian banking system well-placed to support growth: RBI Governor
Updated : 2 years, 2 months ago IST
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.
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India poised to be most resilient economy, grow at 7.4-7.5pc in 2023-24: i
Updated : 2 years, 2 months ago IST
The industry body's analysis was based on key macroeconomic indicators, including GDP growth, export growth, gross national savings, total investments, and the debt-to-GDP ratio.
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Tottenham announce signing of Timo Werner on loan from RB Leipzig
Updated : 2 years, 2 months ago IST
Tottenham Hotspur announced the signing of German forward Timo Werner from Bundesliga side RB Leipzig on a loan deal.
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Two Nigerians held in Delhi for customs fraud
Updated : 2 years, 2 months ago IST
According to the police official, the accused were part of an international racket that used to deceive people on the pretext of customs clearance and RBI fee.
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RBI levies Rs 2 lakh penalty on Halol Urban Co-operative Bank for regulato
Updated : 2 years, 2 months ago IST
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
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RBI imposes Rs 50,000 penalty on the Stambhadri Co-operative Urban Bank fo
Updated : 2 years, 2 months ago IST
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.
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RBI levies Rs 7 lakh penalty on Navsarjan Industrial Co-operative Bank for
Updated : 2 years, 2 months ago IST
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))
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RBI imposes Rs 3 lakh penalty on Mehsana Jilla Panchayat Karmachari Co-ope
Updated : 2 years, 2 months ago IST
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
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"Let's not treat services as a stepchild...": Former RBI governor Raghuram
Updated : 2 years, 2 months ago IST
Former RBI governor Raghuram Rajan on Sunday said services and the manufacturing sectors have an equal and important role to play in India's growth story, adding that the services sector should not be given 'stepchild treatment'.
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