Search For "reserve bank"
ED attaches Rs 72.32 cr of Kudos Finance, its fintech partner firms in mon
Updated : 4 years, 2 months ago IST
New Delhi [India], January 12 (ANI): The Enforcement Directorate (ED) has attached Rs 72.32 crore lying in various bank accounts and payment gateway accounts of Kudos Finance and Investments Pvt Ltd, an Indian Non-Banking Financial Company (NBFC), and its various fintech partner companies
Read More
Emerging economies must prepare for US Fed policy tightening: IMF
Updated : 4 years, 2 months ago IST
New Delhi [India], January 10 (ANI): High inflation and COVID-19 new variant Omicron have made the outlook for emerging markets like India more uncertain. Another big challenge for the emerging economies would come from the policy rate hike from the United States Federal Reserve.
Read More
Deepak Kumar, Ajay Kumar Choudhary appointed as new executive directors of
Updated : 4 years, 2 months ago IST
New Delhi [India], January 5 (ANI): The Reserve Bank of India (RBI) has appointed Ajay Kumar Choudhary and Deepak Kumar as the new executive directors (ED).
Read More
RBI releases framework for facilitating small value digital payments in of
Updated : 4 years, 2 months ago IST
Mumbai [India], January 3 (ANI): The Reserve Bank of India (RBI) on Monday released 'framework for facilitating small value digital payments in offline mode'. The central bank has put the framework on its website.
Read More
NRIs, OCIs don't require prior approval to buy immovable property in India
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): Non-Resident Indians (NRIs) and Overseas Citizen of India (OCIs) do not require prior approval of the Reserve Bank of India (RBI) for buying or selling immovable properties like houses in India, the central bank said on Wednesday.
Read More
Inflation, Omicron major risks to Indian economy: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): Inflation and COVID-19 new variant Omicron pose major challenges to the Indian economy, the Reserve Bank of India (RBI) said on Wednesday.
Read More
Banks' gross NPAs may rise to 9.5 per cent in Sept 2022: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday.
Read More
Nascent signs of recovery visible in Bank credit growth: RBI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 28 (ANI): The consolidated balance sheet of scheduled commercial banks expanded in size during 2020-21 despite the contraction in economic activity due to the COVID-19 pandemic, according to 'Report on Trend and Progress of Banking in India 2020-21' released by the R
Read More
RBL Bank slumps 20 pc on leadership changes
Updated : 4 years, 2 months ago IST
Mumbai [India], December 27 (ANI): The share price of RBL Bank slumped 20 per cent hitting the lower circuit limit on Monday after its MD & CEO Vishwavir Ahuja went on "medical leave" and the Reserve Bank of India (RBI) appointed Yogesh Dayal as an additional director on the bank's board
Read More
India's forex reserves decline by $160 million to $635.66 billion
Updated : 4 years, 2 months ago IST
Mumbai [India], December 24 (ANI): India's foreign exchange (forex) reserves declined by 160 million to $635.66 billion due to a sharp drop in foreign currency assets, the Reserve Bank of India (RBI) data showed on Friday.
Read More
RBI discussed issues relating to private cryptocurrencies at central board
Updated : 4 years, 3 months ago IST
New Delhi [India], December 18 (ANI): The Reserve Bank of India (RBI) is in favour of complete ban on private cryptocurrencies in India, people in the know of the matter told ANI.
Read More
RBI Central Board reviews evolving economic challenges
Updated : 4 years, 3 months ago IST
Lucknow (Uttar Pradesh) [India], December 17 (ANI): Central Board of Directors of the Reserve Bank of India (RBI) met in Lucknow on Friday to review the evolving domestic and global economic situation.
Read More