Search For "rbi"
Eight PSU banks fined by RBI for violating regulatory norms
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty ranging between Rs one crore to two crore on eight government-owned banks for violating norms on fraud classification, bill discounting and monitoring of end use of funds.
Read More
Technical snag delayed payment of salaries : Andhra Pradesh govt
Updated : 6 years, 7 months ago IST
Amaravati (Andhra Pradesh) [India], Aug 2 (ANI): The Andhra Pradesh government on Friday said that the delay in payment of salaries to the state government employees was due to "technical snags".
Read More
Noted economist Subir Gokarn passes away in Washington after brief illness
Updated : 6 years, 7 months ago IST
New Delhi [India], July 31 (ANI): Noted economist and former RBI Deputy Governor Subir Vithal Gokarn has passed away after a brief illness, the government said on Wednesday.
Read More
RBI Money Museum promotes people's knowledge of banking system
Updated : 6 years, 7 months ago IST
Kolkata (West Bengal) [India] July 31 (ANI): The Reserve Bank of India (RBI) Money Museum at Council House Street in Central Kolkata, which opened earlier this year, has been drawing a lot of attention for its unique initiative. The museum has been built with an aim to improve people's knowl
Read More
Real estate sector facing challenges of liquidity, land acquisition: NARED
Updated : 6 years, 8 months ago IST
New Delhi [India], July 29 (ANI): The real estate sector is facing major challenges of liquidity squeeze and has not benefitted from recent interest rate cuts by the Reserve Bank of India, the National Real Estate Development Council (NAREDCO) said on Monday.
Read More
PNB Housing Finance raises $100 million from IFC to finance purchase of af
Updated : 6 years, 8 months ago IST
New Delhi [India], July 29 (ANI): PNB Housing Finance Limited said on Monday it has raised 100 million dollars (about Rs 690 crore) from International Finance Corporation, a member of the World Bank Group, for on-lending to buyers in affordable housing projects.
Read More
Global economy seems to be moving into 'new, unsettling phase', says RBI G
Updated : 6 years, 8 months ago IST
New Delhi [India], July 27 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das has listed out a set of challenges for the global economy, which, he said, is moving towards a new and unsettling phase.
Read More
PNB reports surprise profit of Rs 1,019 crore for June quarter
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 26 (ANI): Punjab National Bank (PNB) on Friday reported a net profit of Rs 1,018.6 crore for the quarter ended June 2019 (Q1 FY20) despite a marginal rise in non-performing assets (NPAs) against a net loss of Rs 940 crore in a year-ago period.
Read More
RBI panel recommends revision of loan limit for MSME
Updated : 6 years, 8 months ago IST
New Delhi [India], July 25 (ANI): A committee constituted by the Reserve Bank of India (RBI) has recommended that limit for collateral-free lending should be increased to Rs 20 lakh for micro, small and medium enterprises (MSMEs) and self-help groups (SHGs).
Read More
ICRA downgrades long-term ratings of Yes Bank with negative outlook
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 25 (ANI): ICRA has downgraded Yes Bank's long-term ratings on various bonds while retaining a negative outlook.
Read More
RBI Governor launches 'Utkarsh 2022' to evolve better economic environment
Updated : 6 years, 8 months ago IST
New Delhi [India], July 23 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday launched -- Utkarsh 2022 - the central bank's medium-term strategy framework in line with the evolving macroeconomic environment to achieve excellence in the performance of its mandates and stre
Read More
Inter-ministerial group recommends banning of virtual currencies
Updated : 6 years, 8 months ago IST
New Delhi [India], July 22 (ANI): An inter-ministerial committee has recommended banning cryptocurrencies in the country and imposing penalties for activities connected with them, the government said on Monday.
Read More