Search For "the reserve bank of india"
RBI cuts repo rate by 25 basis points to 5.15 pc to revive growth
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this calendar year to 5.15 per cent from the current 5.4 per cent in a bid to support government measures for boosting economic activity amid benign inflation.
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Equities indices gain ahead of RBI policy rate decision
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices traded with healthy gains during early hours amid hopes of key interest rate cuts by the Reserve Bank of India (RBI) later on Friday.
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RBI enhances withdrawal limit for PMC Bank depositors to Rs 25,000
Updated : 6 years, 9 months ago IST
New Delhi (India), Oct 3 (ANI): The Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for the depositors of Punjab And Maharashtra Cooperative Bank Ltd to Rs 25,000.
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RBI quells rumours on banking system, says no need for depositors to panic
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): The Reserve Bank of India (RBI) on Tuesday sought to quell rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors.
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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PMC bank didn't disclose exposure for over 6 years: Suspended MD Joy Thoma
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 28 (ANI): Punjab Maharashtra Cooperation (PMC) Bank did not report the financial exposure to the Reserve Bank of India (RBI) for over six years, suspended MD, Joy Thomas admitted on Friday.
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Congress accuses RBI of systemic failure as regulator
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 27 (ANI): The Congress on Friday accused the Reserve Bank of India (RBI) of 'systemic failure' in regulating the affairs of Punjab and Maharashtra Cooperative Bank and demanded the central bank should withdraw instructions to restrict withdrawals initially to Rs 1,000
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RBI increases withdrawal limit from Rs 1,000 to 10,000 for PMC Bank custom
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 26 (ANI): In a relief for Punjab and Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India (RBI) on Thursday increased the withdrawal limit from Rs 1,000 to 10,000.
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Kirit Somaiya requests RBI to initiate criminal action against HDIL and PM
Updated : 6 years, 9 months ago IST
New Delhi [India], Sept 26 (ANI): BJP leader Kirit Somaiya on Thursday wrote a letter to the Reserve Bank of India (RBI) requesting it to initiate criminal action against the management of HDIL company and PMC Bank for allegedly looting the deposits of people.
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RBI restricts activities of PMC Bank due to heightened risks
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) has restricted activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowal
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RBI proposes norms to regulate payment gateways and aggregators
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 18 (ANI): In a bid to make digital payments safer and transparent, the Reserve Bank of India (RBI) has proposed to regulate payment gateway service providers and aggregators in online transactions.
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