Search For "reserve bank of india"
RBI imposes monetary penalty on Andaman & Nicobar State Co-operative B
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 5 lakh on Andaman and Nicobar State Co-operative Bank Ltd for non-compliance with certain provisions of the banking laws.
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RBI imposes monetary penalty on Varachha Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors.
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India's forex reserves hit near 2-year low
Updated : 3 years, 9 months ago IST
Mumbai [India], September 23 (ANI): India's foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India's data showed on Friday.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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RBI bars Mahindra Finance from using third-party recovery agents
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has barred Mahindra & Mahindra Financial Services from using third-party recovery agents.
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 9 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 3 years, 9 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
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Fintech system in India has evolved, poised for giant leap: Shaktikanta Da
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India Governor Shaktikanta Das has said the fintech system in India has evolved and is poised for a giant leap.
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RBI committed to support innovation in fintech: Shaktikanta Das
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday the central bank is committed to support innovation in fintech sector while keeping in mind consumer protection.
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Morgan Stanley expects 50 bps repo rate hike in next RBI policy meet
Updated : 3 years, 9 months ago IST
New Delhi [India], September 19 (ANI): Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global in
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Equity Outlook: All eyes on central bank monetary policy stance for road a
Updated : 3 years, 9 months ago IST
New Delhi [India], September 18 (ANI): All is not well in global financial markets. Market participants are not aggressively participating and are largely shying away from making large bets, especially on concerns of aggressive global monetary policy tightening by various central banks to
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