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India's forex reserves rose by USD 58 billion cumulatively in 2023
Updated : 2 years, 2 months ago IST
India's foreign exchange reserves increased by USD 4.471 billion to USD 620.441 billion in the week ending December 22, 2023, hitting a 21-month high, the latest data released by the Reserve Bank of India showed. In the calendar year 2023, the RBI added about USD 58 billion to its foreign
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RBI cancels licence of The Botad Peoples Co-op Bank, Botad, Gujarat, allow
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence granted to The Botad Peoples Co-operative Bank Ltd., Botad, Gujarat and allowed it to function as a non-banking institution.
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Trends and Challenges in India's Real Estate Landscape of 2023 by Rohit Ge
Updated : 2 years, 2 months ago IST
Pune (Maharashtra) [India], December 29: Reflecting on the performance of the real estate sector in the year 2023, Rohit Gera, Managing Director, Gera Developments, Let's Outdo, shared his views, "Following a stellar 2023 fueled by affordability and a preference for larger homes, India's res
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RBI imposes monetary penalty on three co-operative banks in Gujarat
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on Gujarat-based Panchsheel Mercantile Co-operative Bank in Surat for non-compliance with the directions issued by it on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operativ
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RBI imposes monetary penalty on Sree Chaitanya Co-operative Bank for non-c
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 5,000 on West Bengal-based Sree Chaitanya Co-operative Bank in Nabadwip city for not complying with the directions issued by it on 'Membership of Credit Information Companies (CICs)'.
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RBI imposes monetary penalty of Rs 2 lakh on Sardargunj Mercantile Co-oper
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co-operative Bank Limited in Patan, for non-compliance with the directions issued by the central bank on 'Placement of Deposits with Other Banks by Prim
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Bad assets of banks continue to decline, Indian economy remains resilient:
Updated : 2 years, 2 months ago IST
Reserve Bank of India on Thursday released the 28th issue of the Financial Stability Report, December 2023 reflecting the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian fina
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Deputy Governor Swaminathan J. charts path to financial resilience at 10th
Updated : 2 years, 2 months ago IST
The prestigious event, graced by industry leaders, policymakers, and economists, provided a platform for deep insights and discussions on the challenges facing the banking sector.
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Maharashtra: Mumbai Crime Branch detains 3 people in RBI threat email case
Updated : 2 years, 2 months ago IST
The Mumbai Crime Branch detained three people from Gujarat's Vadodara in connection with the Reserve Bank of India (RBI) threat email case.
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Asset quality of banks improves to decadal high at end-September: RBI
Updated : 2 years, 2 months ago IST
The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023.
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Happy Forgings lists with 17% premium; Credo Brands, RBZ Jewellers see mut
Updated : 2 years, 2 months ago IST
Wednesday saw the listing of three initial public offerings on Indian stock exchanges. Happy Forgings listed with a 17 per cent premium, while Credo Brands and RBZ Jewellers made their debuts largely on a muted note.
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India's current account deficit narrows in July-September: RBI
Updated : 2 years, 2 months ago IST
A current account deficit is when a country's total value of imports exceeds the total value of exports. The CAD numbers are a key indicator for any economy.
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