Search For "reserve bank"
Govt. empowerment of RBI to deal with stressed assets was necessary: Jaitl
Updated : 8 years, 6 months ago IST
New Delhi [India], May 5 (ANI): Union Finance Minister Arun Jaitley on Friday said that it was necessary to empower the Reserve Bank of India (RBI) in relation to specific stressed assets, since it was doubtful that whether the language of Section 35 A of the Banking Regulations Act covered
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Centre notifies new Banking Regulation Act
Updated : 8 years, 6 months ago IST
New Delhi [India], May 5 (ANI): The Narendra Modi-led government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters.
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RBI penalises two authorised dealer banks over violation of instructions
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr 26 (ANI): The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.
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RBI caution list of concern to textiles exporters: Texprocil Chairman
Updated : 8 years, 6 months ago IST
Mumbai [India], April 21 (ANI-Businesswire India): The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the Reserve Bank of India (RBI) to monitor payments against export bills requires all banks to report in this system details of the export proceeds realiza
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RBI, Bank of Guyana sign MoU for supervisory exchange of information
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr 20 (ANI): The Reserve Bank of India (RBI) on Thursday announced signing of an MoU with the Bank of Guyana on "Supervisory Cooperation and Exchange of Supervisory Information".
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RBI's tightening of prompt corrective action framework positive for b
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr 19 (ANI): According to credit rating agency ICRA, the Reserve Bank of India's (RBI)'s revision in the prompt corrective action (PCA) framework for the banks is a positive and a welcome step, given the operating and financial profile of some of the banks.
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RBI imposes monetary penalty on Shriram City Union Finance Ltd
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr. 11 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 20 lakh on M/s Shriram City Union Finance Ltd.
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RBI policy as expected: Chief Economic Adviser, SBI
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr. 6 (ANI): The Reserve Bank of India's (RBI) monetary policy announced earlier on Thursday has been hailed as a 'cautious' effort to tackle inflation and increase in liquidity.
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Decision to keep repo rate unchanged will improve financial system: Arundh
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr. 6 (ANI): Lauding the Reserve Bank of India (RBI) for keeping the repo rate unchanged at 6.25 percent, State Bank of India (SBI) chairman Arundhati Bhattacharya today said the proposed initiatives will enhance the efficiency of the country's financial system.
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ICICI Bank welcomes RBI's decision to keep repo rates unchanged
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr. 6 (ANI): Hailing the Reserve Bank of India's (RBI) decision to keep the repo rates unchanged on Thursday, ICICI Bank MD and CEO Chanda Kochhar said the central bank is very clear in articulating on liquidity management.
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Cautious RBI puts growth low on priority: ASSOCHAM
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr. 6 (ANI): According to ASSOCHAM, the Reserve Bank of India (RBI) has been cautious in its approach, even as faced with a big challenge of managing excess liquidity following demonetisation. The RBI has rightly decided to not go over-board and resorted to much feared me
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RBI holds repo rate but hikes reverse repo at 6 percent; projects inflatio
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr 6 (ANI): The Reserve Bank of India (RBI) on Thursday kept its repo rate unchanged at 6.25 percent, but made changes in the reverse repo rate at 6 percent after all the six members of the monetary policy committee (MPC), headed by Reserve Bank of India Governor Urjit Pa
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