The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 50,000 on Gujarat-based Panchsheel Mercantile Co-operative Bank in Surat for non-compliance with the directions issued by it on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operativ
The Reserve Bank of India (RBI) on Thursday said that it has imposed a monetary penalty of Rs 5,000 on West Bengal-based Sree Chaitanya Co-operative Bank in Nabadwip city for not complying with the directions issued by it on 'Membership of Credit Information Companies (CICs)'.
The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co-operative Bank Limited in Patan, for non-compliance with the directions issued by the central bank on 'Placement of Deposits with Other Banks by Prim
Reserve Bank of India on Thursday released the 28th issue of the Financial Stability Report, December 2023 reflecting the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian fina
The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023.
The Indian real estate sector continued to scale new highs in 2023, defying the tightened monetary policy stance of the Reserve Bank of India (RBI), and also at a time when its counterpart in neighbouring China is in crisis.
The favourable economic backdrop, marked by robust growth, is expected to drive improved financial performance, with particular strengths seen in several key markets.
India's foreign exchange reserves increased by USD 9.112 billion to USD 615.971 billion in the week ending December 15, 2023. This increase is one of the highest for a week and marks a 20-month high, data released by the Reserve Bank of India on Friday showed.
The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks, ranging from Rs 50,000 to Rs 7 lakh, for some non-compliances.
Uncertainties in food prices along with unfavourable base effects are likely to lead to a pick-up in retail inflation in November and December, the monetary policy committee of the Reserve Bank of India observed in their latest review meeting.