The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks, ranging from Rs 50,000 to Rs 7 lakh, for some non-compliances.
Delhi-NCR [India], December 19: The Reserve Bank of India (RBI) decided to keep the repo rate steady, as seen in its recent choice to maintain it at 6.5% for the fifth time, which indicates a commitment to economic stability. This deliberate decision has positive effects across various secto
Pune (Maharashtra) [India], December 18: Gold has long held a significant place in the diverse economic landscape of India. Beyond its cultural and traditional significance, gold serves as a reliable investment avenue for millions of Indians. The volatility of global and domestic markets, al
Chief Minister Revanth Reddy met former Reserve Bank of India (RBI) Governor Raghuram Rajan at the latter's Jubilee Hills residence in Hyderabad on Sunday.
The Reserve Bank of India (RBI) and Bank of England (BoE) have signed a Memorandum of Understanding (MoU) to cooperate and exchange information regarding the Clearing Corporation of India (CCIL).
The limit for UPI transactions to hospitals and educational institutions has been raised by the Reserve Bank of India (RBI), from Rs 1 lakh to Rs 5 lakh per transaction.
The monetary policy committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight occasions.
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo
The Reserve Bank of India (RBI) has cancelled the license of Urban Co-operative Bank Ltd., Sitapur, in Uttar Pradesh. The bank now ceases to carry on banking business, with effect from the close of business Thursday.
The Reserve Bank of India (RBI) and the Bank of England (BoE) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information concerning Clearing Corporation of India Limited (CCIL).
The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.