New Delhi [India], July 8 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday it will do its best after being given the additional responsibility of supervising and regulating non-banking financial companies (NBFCs) in a bid to boost investment and lending in the econo
New Delhi [India], July 5 (ANI): The government will strengthen regulatory authority of Reserve Bank of India (RBI) over non-banking financial companies (NBFCs), Finance Minister Nirmala Sitharaman said on Friday.
New Delhi [India], July 5 (ANI): The government will work with Reserve Bank of India and Securities and Exchange Board of India to enable stock exchanges to allow AA rated bonds as collaterals, Finance Minister Nirmala Sitharaman said on Friday while presenting the Union Budget 2019-20 in
Lucknow (Uttar Pradesh) [India], July 3 (ANI): The Enforcement Directorate (ED) on Wednesday attached the assets worth Rs 15 crore of JKV Land and Infrastructures and its former managing director in Lucknow for cheating investors under the provisions of Prevention of Money Laundering Act, 20
New Delhi [India], July 3 (ANI): The Delhi High Court on Wednesday sought responses from Reserve Bank of India (RBI), Enforcement Directorate (ED) and PayPal Payments Private Limited on a plea that the company is unauthorised and was doing illegal operation in India as a Payment Systems in
Mumbai (Maharashtra) [India], July 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.
New Delhi [India], July 2 (ANI): Finance Minister Nirmala Sitharaman will address the Reserve Bank of India's (RBI's) central board of directors in a customary post-budget meeting on July 8.
New Delhi [India], July 1 (ANI): No bank has the power to appoint musclemen for recovery of loans, and recovery agents have to be appointed according to the prescribed norms, Minister of State for Finance Anurag Thakur said on Monday.
Mumbai (Maharashtra) [India], June 28 (ANI): India's current account deficit (CAD) totalled 4.6 billion dollars or 0.7 per cent of the GDP in the fourth quarter (January to March) of 2018-19, the Reserve Bank of India (RBI) said on Friday.
Mumbai (Maharashtra) [India], June 27 (ANI): The Reserve Bank of India (RBI) has issued clarifications on certain implementation issues sought by payment system operators on the data regulations.
New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) has advised all banks to immediately direct all their branches to accept coins of all denominations.