RBI discontinues LOUs/LOCs issuance for trade credit for imports

New Delhi [India], Mar 13 (ANI): The Reserve Bank of India (RBI) on Tuesday announced discontinuation of the...

IBBI, RBI sign MoU for effective implementation of insolvency code

New Delhi [India], Mar. 13 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of...

RBI imposes Rs 5 cr penalty on Airtel Payments Bank

New Delhi [India], Mar. 10 (ANI): The Reserve Bank of India (RBI) imposed a penalty of Rs. 5 crore on Airtel...

RBI slaps SBI with monetary penalty

New Delhi [India], Mar. 08 (ANI): The Reserve Bank of India (RBI) on March 1, imposed a monetary penalty of Rs. 40...

RBI imposes Rs.30 million-penalty on Axis Bank

Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty worth Rs. 30...

RBI charges fine on IOB over non-compliance with KYC norms

Mumbai (Maharashtra) [India], Mar. 5 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs.20...

Tough RBI tightens PSL norms for foreign banks

New Delhi [India], Mar 5. (ANI): The Reserve Bank of India (RBI) on Monday tightened Priority Sector Lending (PSL)...

RBI sets April 30 deadline for banks to link CBS with SWIFT

New Delhi [India], Feb 25 (ANI): In a bid to tighten internal controls in the banks, the Reserve Bank of India (RBI)...

RBI introduces Ombudsman Scheme for NBFCs

New Delhi [India], Feb 23 (ANI): As announced in its Monetary Policy Statement on February 7, India's central bank,...

RBI alerted banks on possible misuse of SWIFT

New Delhi [India], Feb 20 (ANI): The Reserve Bank of India (RBI) on Tuesday released a statement asserting that it...

RBI denies giving instruction to PNB over Nirav Modi fraud

New Delhi [India] Feb. 16 (ANI): The Reserve Bank of India (RBI) on Friday denied giving any instruction to the...

RBI rolls out new stressed assets framework to tackle bad...

Mumbai (Maharashtra) [India], Feb 13 (ANI): The Reserve Bank of India (RBI) scrapped numerous loan restructuring...