Search For "the reserve bank of india"
RBI imposes monetary penalty on Andaman & Nicobar State Co-operative B
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 5 lakh on Andaman and Nicobar State Co-operative Bank Ltd for non-compliance with certain provisions of the banking laws.
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RBI imposes monetary penalty on Varachha Co-operative Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 26 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors.
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M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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RBI bars Mahindra Finance from using third-party recovery agents
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has barred Mahindra & Mahindra Financial Services from using third-party recovery agents.
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 9 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 3 years, 9 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
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Morgan Stanley expects 50 bps repo rate hike in next RBI policy meet
Updated : 3 years, 9 months ago IST
New Delhi [India], September 19 (ANI): Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global in
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RBI will take responsible steps to keep inflation in reasonable range: Eco
Updated : 3 years, 10 months ago IST
New Delhi [India], September 17 (ANI): The Reserve Bank of India's Monetary Policy Committee (MPC) will take responsible steps to keep inflation in a reasonable range, said Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister.
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India's forex reserves drop by $2.23 billion, hit lowest level in 2 years
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 17 (ANI): India's foreign exchange (forex) reserves dropped by $2.234 billion to $550.871 billion for the week ended September 9, the lowest level in two years, the Reserve Bank of India (RBI) data showed.
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Interest rate hike in next MPC seen in 35-50 basis points range: SBI Resea
Updated : 3 years, 10 months ago IST
New Delhi [India], September 13 (ANI): Faced with elevated retail inflation in August, the Reserve Bank of India is expected to raise interest rates in the range of 35-50 basis points in its next monetary policy committee meeting, said SBI Research.
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RBI imposes monetary penalty on Indiabulls Commercial Credit Limited
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], September 10 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 12.35 lakh on Indiabulls Commercial Credit Limited for non-compliance with certain KYC-related provisions.
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