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Banks, NBFCs must stress test their books, suggests RBI Governor
Updated : 2 years, 7 months ago IST
Reserve Bank of India governor Shaktikanta Das on Wednesday once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing of their books.
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UGRO Capital to remain unaffected after RBI tighten norms
Updated : 2 years, 7 months ago IST
New Delhi [India], November 22: After the Reserve Bank of India (RBI) tightened norms for consumer credit, the DataTech driven dedicated MSME lender UGRO Capital said that with its diversified lender base, strong co- lending partnerships and focus on priority sector led MSME, they do not exp
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Long queue outside RBI Chandigarh branch to deposit, exchange Rs 2,000 not
Updated : 2 years, 8 months ago IST
After commercial banks stopped accepting Rs 2000 banknotes, people have now started lining up in 19 offices of the Reserve Bank of India (RBI) to exchange their high-denomination notes.
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WOTR Announces N. Srinivasan as New Trustee
Updated : 2 years, 8 months ago IST
Pune (Maharashtra) [India], October 18: The Watershed Organisation Trust (WOTR) announces the appointment of N. Srinivasan to its board of trustees. Srinivasan brings valuable expertise in development finance, with over four decades of experience in the sector.
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RBI imposes monetary penalty on Kotak Mahindra Bank over non-compliance
Updated : 2 years, 8 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty to the tune of Rs 3.95 crore on Kotak Mahindra Bank Limited for various non-compliance.
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RBI Governor awared for 'A+' ranking in Global Finance Central Banker Repo
Updated : 2 years, 8 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday was awarded for being ranked 'A+' in the Global Finance Central Banker Report Cards 2023 at Morocco's Marakesh, the central bank said.
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RBI orders Bank of Baroda to halt customer onboarding on 'bob World' app
Updated : 2 years, 9 months ago IST
The Reserve Bank of India (RBI) has directed the Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile application.
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RBI Maintains Repo Rate, Ensuring Stable EMIs
Updated : 2 years, 9 months ago IST
New Delhi [India], October 9: As anticipated, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced on Friday that the Monetary Policy Committee (MPC) has unanimously chosen to keep the repo rate steady at 6.50 per cent.
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Policy rate status quo but inflation outlook clouded by uncertainties
Updated : 2 years, 9 months ago IST
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to
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Inflation concerns serious, masks true hardships of people: Jairam Ramesh
Updated : 2 years, 9 months ago IST
Soon after the Reserve Bank of India (RBI) in its latest monetary policy review meeting flagged concerns about high inflation as the headline inflation numbers are above the central bank's upper tolerance limit of 6 per cent, Congress has said it "masks the true hardships" faced by people, p
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RBI keeps overall 2023-24 growth and inflation forecast unchanged
Updated : 2 years, 9 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting kept overall 2023-24 growth and inflation unchanged from their earlier estimates, even as the central bank flagged concerns about high inflation.
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RBI maintains status quo in policy rate, flags inflation concern
Updated : 2 years, 9 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fourth straight occasions.
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