Search For "reserve bank of india rbi"
RBI imposes monetary penalty of over Rs 63 lakh on Bombay Mercantile Co-op
Updated : 2 years, 5 months ago IST
The RBI, in an official statement, said that this action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Read More
RBI now mandates Key Fact Statement for all retail, MSME loans
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has extended the requirement of a key fact statement to all retail and MSME loans in a bid to enhance transparency.
Read More
RBI pegs India's 2024-25 real GDP growth at 7%
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India's GDP growth for the next financial year 2024-25 (April-March) at 7 per cent.
Read More
RBI leaves repo rate unchanged for sixth straight occassion
Updated : 2 years, 5 months ago IST
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.
Read More
Expect RBI to again pause repo rate in February policy meeting: SBI Resear
Updated : 2 years, 5 months ago IST
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research.
Read More
RBI's directive only affects Paytm Payments Bank, not Paytm App
Updated : 2 years, 5 months ago IST
Paytm, the pioneer of QR and mobile payments in India, has said that its app is working and will continue to work after February 29 as well, adding that the directive issued by the Reserve Bank of India (RBI) will affect only its associate bank and not the fintech company.
Read More
RBI imposes penalty on Mula Sahakari Bank Limited in Maharashtra's Ahmedna
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has imposed a penalty of Rs 50,000 on Mula Sahakari Bank Limited, Sonai, district Ahmednagar, Maharashtra for non-compliance with the directions issued by the RBI.
Read More
RBI slaps Rs 50,000 penalty on Bhilai Nagrik Sahakari Bank Maryadit in Chh
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has, by an order dated January 8, 2024, imposed a penalty of Rs 50,000 on Bhilai Nagrik Sahakari Bank Maryadit, Bhilai, Chhattisgarh (the bank) for non-compliance with the directions issued by RBI on 'Know Your Customer (KYC) Direction, 2016'.
Read More
At Davos, RBI Governor says digital currency will make cross border paymen
Updated : 2 years, 5 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das feels digital currency or Central Bank Digital Currency (CBDC) will make cross-border payments more efficient and fast, in addition to being cost-effective.
Read More
RBI Deputy Governor Michael Patra's tenure extended by another year
Updated : 2 years, 5 months ago IST
The Appointments Committee of the Cabinet has approved the re-appointment of Deputy Governor (DG) of Reserve Bank of India (RBI), Michael Debabrata Patra, for a further period of one year effective January 15, or until further orders, whichever is earlier.
Read More
RBI imposes monetary penalty on Dhanlaxmi Bank, ESAF Small Finance Bank, P
Updated : 2 years, 5 months ago IST
The Reserve Bank of India (RBI) has imposed monetary penalties, of varying degrees, against ESAF Small Finance Bank, Dhanlaxmi Bank, and Punjab and Sind Bank over various non-compliances.
Read More
Indian banking system well-placed to support growth: RBI Governor
Updated : 2 years, 6 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's banking sector as a whole has emerged stronger from the unprecedented challenges of the recent COVID-19 pandemic and the subsequent geopolitics.
Read More