Search For "reserve bank"
India and China added 60 percent of global central bank gold purchase in M
Updated : 1 year, 10 months ago IST
The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks worldwide reported a net increase in their gold reserves.
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RBI directs banks to restrict capital market exposure
Updated : 1 year, 10 months ago IST
The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
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India, Nigeria agree for early conclusion of local currency settlement sys
Updated : 1 year, 10 months ago IST
The two sides agreed for an early conclusion of the Local Currency Settlement System Agreement to further strengthen bilateral economic ties.
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RBI imposes monetary penalty on Satara Sahakari Bank Limited
Updated : 1 year, 10 months ago IST
According to RBI, the penalty, imposed by an order dated April 29, 2024, has been invoked under the powers vested in RBI, conferred under section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act.
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Value of Rs 2000 banknotes in circulation plummets to Rs 7961 cr, 97.76 pc
Updated : 1 year, 10 months ago IST
According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on May 19, 2023, has significantly declined to Rs 7961 crore at the close of business on April 30, 2024.
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IndoStar FY'24 Result: 49% Growth in Focus Retail AUM and 267 Bps improvem
Updated : 1 year, 10 months ago IST
Mumbai (Maharastra) [India], April 30: IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a Middle layered NBFC, announced the audited financial results for the quarter and year ended March 31, 2024, earlier today.
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RBI issues master directions for entities operating on electronic trading
Updated : 1 year, 10 months ago IST
According to the guidelines, these directions will not apply to electronic systems operated by scheduled commercial banks and standalone primary dealers for transactions in eligible instruments, where the bank or primary dealer operating the electronic system is the sole quote.
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RBI directs review of unfair interest practices by financial institutions
Updated : 1 year, 10 months ago IST
According to RBI, the directive, effective immediately, aims to address concerns over certain unfair practices observed during RBI's onsite examination of regulated entities (REs) for the period ended March 31, 2023.
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RBI cancels registration certificate of Acemoney (India) Ltd due to irregu
Updated : 1 year, 10 months ago IST
The decision to revoke the CoR was made in light of the company's violations of RBI guidelines on risk management and code of conduct in outsourcing financial services, particularly in its digital lending operations conducted through various third-party apps.
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RBI initiates transition plan: Small finance banks to ascend to universal
Updated : 1 year, 10 months ago IST
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eligibility criteria. Firstly, they must maintain a satisfactory track record of performance for a minimum of five years.
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RBI lays out criteria for conversion of Small Finance Banks to Universal B
Updated : 1 year, 10 months ago IST
The Reserve Bank of India (RBI) has set out certain provisions fulfilling which Small Finance Banks (SFBs) can voluntarily convert themselves into Universal Banks.
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India's forex reserves decline further after hitting record high
Updated : 1 year, 10 months ago IST
India's foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.
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