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RBI appoints AK Dixit as new administrator of PMC Bank
Updated : 5 years, 6 months ago IST
New Delhi [India], September 22 (ANI): Reserve Bank of India (RBI) has appointed AK Dixit, ex-General Manager of Union Bank of India as the new administrator of Punjab and Maharashtra Cooperative (PMC) Bank with effect from September 23.
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Here's how the Bajaj Finance FD interest calculator helps in financial pla
Updated : 5 years, 6 months ago IST
Pune (Maharashtra) [India], September 21 (ANI/BusinessWire India): Amid falling repo rates and steps taken by RBI for injecting liquidity in the economy, interest rates on several fixed-income instruments have been slashed.
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Economy showing sign of stability, but recovery to be gradual: RBI Governo
Updated : 5 years, 6 months ago IST
New Delhi [India], Sep 16 (ANI): India's economic recovery is likely to be gradual as the country is still reeling from the impact of coronavirus (Covid-19) and rising infections continue to pose a risk, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.
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Shares of Lakshmi Vilas Bank jump 10 pc after merger talks with Clix Group
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): Shares of Lakshmi Vilas Bank jumped by nearly 10 per cent on Wednesday morning after the troubled private sector lender said that mutual due diligence process for merger with Clix Group is substantially complete and both parties are in discussions
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RBI asks banks to ensure automation of NPA identification
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 14 (ANI): The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) identification.
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RBI issues new compliance guidelines for banks
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 11 (ANI): The Reserve Bank of India (RBI) on Friday issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers (CCOs) follow the best industry practices as required by supervisory expectations.
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Centre's promise of letter of comfort to borrow money for GST compensation
Updated : 5 years, 6 months ago IST
New Delhi [India], September 10 (ANI): The Centre's promise of a letter of comfort to the State governments to borrow money for bridging the GST compensation gap have no value, said senior Congress leader P Chidambaram on Thursday.
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RBI releases expert panel report on resolution framework for COVID-19 rela
Updated : 5 years, 6 months ago IST
New Delhi [India], September 8 (ANI): The Reserve Bank of India on Monday released the report of Expert Committee under the chairmanship of KV Kamath which was constituted to make recommendations on the required financial parameters to be factored in the resolution plans under the 'Resoluti
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RBI issues revised PSL guidelines to increase credit penetration
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 4 (ANI): The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas and increase lending to small and marginal farmers besides weaker sections.
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FM Sitharaman asks banks to roll out loan resolution schemes by mid-Septem
Updated : 5 years, 6 months ago IST
New Delhi [India], September 3 (ANI): Finance Minister Nirmala Sitharaman on Thursday asked bankers to roll out loan resolution schemes by September 15 and COVID-19 related distress must not impact their assessment of borrowers' creditworthiness.
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Delhi HC adjourns to September 8 plea to extend moratorium, provide financ
Updated : 5 years, 6 months ago IST
New Delhi [India], September 3 (ANI): The Delhi High Court on Thursday adjourned to September 8 hearing on a petition seeking direction to the Central government and Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loans and credit cards for another 12 months
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Q1 GDP growth contracts by 23.9 pc as COVID-19 cripples economic activitie
Updated : 5 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY21) as COVID-19 pandemic compressed consumer demand and private investments, government data showed on Monday.
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