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RBI imposes monetary penalty of Rs 5 lakh on Gujarat-based co-operative ba
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 lakh on Shree Bharat Cooperative Bank Limited, which is situated in Vadodara, Gujarat.
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"Rise in customer complaints related to credit information": RBI Deputy go
Updated : 2 years, 2 months ago IST
RBI Deputy Governor Swaminathan J on Tuesday met with the Managing Director and Chief Executive Officers of all the Credit Information Companies (CICs).
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RBI issues guidelines to trace customers with inoperative accounts, unclai
Updated : 2 years, 2 months ago IST
The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including their nominees or legal heirs for re-activation of accounts, settlement of claims or closure.
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97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal
Updated : 2 years, 2 months ago IST
The central bank's periodic updates provide transparency regarding the progress of the withdrawal initiative, assuring the public of the continued legal status of Rs 2000 banknotes.
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RBI Dy Governor Rajeshwar Rao highlights role of technology and AI in bank
Updated : 2 years, 2 months ago IST
Rao said, "The banks have played an extremely important role in supporting the growth story of the Indian economy. If we were to analyse the evolution of the Indian banking sector over the last five decades, we could classify this evolution into three distinct phases - post nationalisation,
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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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