Search For "reserve"
RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 5.72 crore on Federal Bank Limited for non-compliance with the central bank's direction related to the delivery of financial services.
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RBI imposes monetary penalty on Bank of India
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 70 lakh on the Bank of India for violation of Know Your Customer (KYC) related regulations.
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RBI should internationalise Indian currency rupee, says SBI Research
Updated : 3 years, 8 months ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
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US trade deficit continues to narrow in May amid cooling demand
Updated : 3 years, 8 months ago IST
Washington [US], July 7 (ANI/Xinhua): The US trade deficit shrank by 1.3 per cent in May after a significant drop in the previous month, hitting the lowest level of the year, the Commerce Department reported on Thursday.
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RBI selects Hansa Research Group to conduct field work for inflation expec
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has decided to engage Mumbai-based Hansa Research Group to conduct field work for the July 2022 round of consumer confidence and inflation expectation surveys.
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RBI announces measures to boost forex inflows, rupee slide
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) on Wednesday announced a slew of measures to boost foreign exchange (forex) inflows amid slump in the value of rupees.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 3 years, 8 months ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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What is Monetary Policy Committee, and what is its function?
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target, while keeping in mind the objective of economic growth.
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Kesar India Limited IPO Closes: Issue Over-Subscribed; Allotments on 8thJu
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI/SRV): The initial public offering (IPO) of Kesar India Limited, Kesar lands a zero-debt real-estate brand having a total land reserve of 123.70 lac sqft, went live on 30th June 2022 and has received a stellar response from all categories of investors.
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RBI imposes monetary penalty on IndusInd Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC).
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RBI imposes monetary penalty on Kotak Mahindra Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection.
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J-K: LG Manoj Sinha visits Amarnath Yatra base camp at Baltal
Updated : 3 years, 8 months ago IST
Srinagar (Jammu and Kashmir) [India], July 4 (ANI): Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday visited the Amarnath Yatra base camp at Baltal, interacted with the pilgrims and enquired about the facilities and services.
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