Search For "reserve bank"
India's forex reserves at new over 2-year low amid weak rupee
Updated : 3 years, 4 months ago IST
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by USD 3.59 billion to USD 465.075 billion.
Read More
RBI calls for additional monetary policy meet to discuss inflation mandate
Updated : 3 years, 4 months ago IST
The meeting has been called under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934, RBI said in a statement on Thursday.
Read More
India's forex reserves at 2-year low amid depreciating rupee
Updated : 3 years, 5 months ago IST
New Delhi [India], October 22 (ANI): India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
Read More
Anshumman Joshi-led Dhanvarsha Group executes Rs 150 crore Private Placeme
Updated : 3 years, 5 months ago IST
New Delhi [India], October 20 (ANI/SRV): Anshumman Joshi-led Dhanvarsha Group, a leading business conglomerate engaged in several sectors including finance and banking, will be investing Rs 150 crore in the share capital of the Samarth Sahakari Bank Ltd. Solapur to convert it into a Small Fi
Read More
RBI gives in-principle approval to Cygnet to operate as NBFC account aggre
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 18 (ANI): Fintech firm Cygnet on Tuesday said it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator.
Read More
RBI imposes monetary penalty on Cooperative Bank of Rajkot
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Gujarat-based The Co-operative Bank of Rajkot for non-compliance with regulations related to awareness schemes.
Read More
Fight against inflation will be dogged and prolonged: RBI
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India has said that its monetary policy remains focussed on realigning inflation within the targeted band but the fight will be "dogged" and "prolonged".
Read More
RBI imposes monetary penalty on Meghraj Nagarik Sahakari Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed monetary penalty on Gujarat-based The Meghraj Nagarik Sahakari Bank for non-compliance with certain directions of the central bank.
Read More
RBI imposes monetary penalty on Rajgurunagar Sahakari Bank Limited
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 4 lakh on Pune-based The Rajgurunagar Sahakari Bank Limited on non-compliance with directions of the central bank on the interest rate and deposits.
Read More
SC issues notice on Subramanian Swamy's plea for probe into role of RBI of
Updated : 3 years, 5 months ago IST
New Delhi [India], October 17 (ANI): The Supreme Court on Monday issued notice to the Reserve Bank of India (RBI) and CBI on a plea filed by senior BJP leader Subramanian Swamy seeking a CBI probe into the alleged role of RBI's nominee directors in bank loan fraud cases.
Read More
RBI Guv says central bank taking measures to improve availability of digit
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 16 (ANI): The Governor of the Reserve Bank of India Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services.
Read More
India's retail inflation increases above tolerance for 3rd straight quarte
Updated : 3 years, 5 months ago IST
New Delhi [India], October 13 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter - nine straight months.
Read More