The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
Delhi High Court on Monday dismissed PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
India's overall foreign exchange reserves declined USD 6.05 billion to USD 593.477 billion in the week that ended on May 19, 2023, data released by Reserve Bank of India on Friday showed.
A Public Interest Litigation (PIL) has been moved in Delhi High Court seeking direction to quash the Reserve Bank of India (RBI) Notification dated May 19, 2023, whereby the RBI has taken a decision to withdraw the Rs 2000 denomination banknotes from circulation under the clean note polic
India's gross domestic product in the just-concluded financial year 2022-23 could be more than the estimated 7 per cent, said Reserve Bank of India governor Shaktikanta Das.
The withdrawal of Rs 2,000 banknotes is likely to be a non-event as India has adopted digital payments on a mass scale, said SBI Research in its latest Ecowrap.
Last Friday, the Reserve Bank of India (RBI) decided to withdraw the Rs 2000 denomination currency notes from circulation, but added they (currency notes) will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate
The Delhi High Court on Tuesday reserved the order on a Public Interest Litigation (PIL) challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
The conference was held in New Delhi on Monday. The RBI Governor Shaktikanta Das inaugurated the conference. 'Governance in Banks - Driving Sustainable Growth and Stability' was the theme of the conference.