Search For "reserve bank"
Brickwork Ratings (BWR) approved by RBI for Bank Risk-Weighting Claims
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 16: The Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
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RBI mandates banks to set up committees for inspection of fraud cases afte
Updated : 1 year, 8 months ago IST
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
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India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 8 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
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India's foreign exchange reserves surge to touch fresh peak of USD 657.2 b
Updated : 1 year, 8 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen about USD 35 billion, on a cumulative basis.
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Jio Financials gets RBI nod to become Core Investment Company
Updated : 1 year, 8 months ago IST
Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC).
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SBI Caps report highlights optimistic outlook for the Indian economy, desp
Updated : 1 year, 8 months ago IST
State Bank of India (SBICAPS) report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch" observed a positive demand momentum in major sectors of the economy.
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Bank credit in FY25 is likely to be between 13-15 pc, suggest a rise econo
Updated : 1 year, 8 months ago IST
The capital market activity in June was marked by lower G-Sec supply and increased Foreign Portfolio Investor (FPI) inflows, supported by index inclusions, which helped prevent crowding-out effects. Bank credit continued its strong growth momentum, exceeding 15 per cent year-on-year as of mi
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India doubts credibility of Citigroup report on state of employment
Updated : 1 year, 8 months ago IST
The central government on Monday strongly refuted the recent Citigroup report put out on the state of employment in India and the outlook around it.
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RBI penalizes five banks, including PNB, for regulatory non-compliance in
Updated : 1 year, 8 months ago IST
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions.
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India's foreign exchange reserves slightly off all-time highs; declines by
Updated : 1 year, 8 months ago IST
India's foreign exchange reserves declined by USD 1.713 billion to USD 651.997 billion during the week that ended June 28, official data from the Reserve Bank of India (RBI) showed on Friday. The reserves are currently a tad lower than their all-time highs of USD 655.817 touched recently.
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RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)
Updated : 1 year, 8 months ago IST
New Delhi [India], July 3: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007.
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RBI appoints Arnab Kumar Chowdhury as Executive Director
Updated : 1 year, 8 months ago IST
Chowdhury has experience of over three decades in the Reserve Bank of India. He has worked extensively in the area of supervision of financial entities.
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