Search For "the reserve bank of india"
SC asks RBI, finance ministry officials to decide on EMI interests during
Updated : 6 years, 1 month ago IST
New Delhi [India], June 12 (ANI): The Supreme Court on Friday asked the officials of the Finance Ministry and the Reserve Bank of India (RBI) to convene a joint meeting within three days to decide whether interest on EMIs during the six month moratorium period can be charged by banks or n
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ADB convenes high-level advisory panel to support COVID-19 recovery in Sou
Updated : 6 years, 1 month ago IST
Manila [The Philippines], June 10 (ANI): Asian Development Bank (ADB) President Masatsugu Asakawa has launched a high-level panel of leading experts in economics, finance and health to help ministers, central bank governors and other senior officials identify options for Southeast Asian econ
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RBI creates Payments Infrastructure Development Fund to boost digitisation
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): The Reserve Bank of India (RBI) said on Friday it is creating a Payments Infrastructure Development Fund to push digital payments across the country.
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Economic aspect not higher than people's health: SC after RBI says interes
Updated : 6 years, 1 month ago IST
New Delhi [India], June 4 (ANI): Economic aspect is not higher than the health of the people, the Supreme Court told the Reserve Bank of India (RBI) on interest waiver during loan moratorium.
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RBI cautions SC of Rs 2 lakh crore loss if interest is waived off during l
Updated : 6 years, 1 month ago IST
New Delhi [India], June 4 (ANI): The Reserve Bank of India (RBI) filed an affidavit before the Supreme Court stating to not allow the petition seeking a waiver of interest for six month moratorium period on loan repayments during this COVID-19 period.
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RBI imposes penalty of Rs 4 cr on Citibank
Updated : 6 years, 1 month ago IST
New Delhi [India], May 30 (ANI): The Reserve Bank of India (RBI) on Friday said that it has imposed a monetary penalty of Rs 4 crore on Citibank for the contravention of Section 10 (1) (b) (ii) of Banking Regulation Act, 1949 (the Act).
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Delhi HC directs RBI, PMC Bank to consider needs of depositors
Updated : 6 years, 1 month ago IST
New Delhi [India], May 29 (ANI): Delhi High Court has directed the Reserve Bank of India (RBI), Punjab Maharashtra Cooperative Bank, and other respondents to consider the needs of the depositors during the coronavirus-induced lockdown.
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RBI imposes penalty of Rs 1.2 crore on Karnataka Bank for non-compliance o
Updated : 6 years, 1 month ago IST
New Delhi [India], May 29 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.
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FICCI welcomes RBI's move to cut repo rate, extension of loan repayment mo
Updated : 6 years, 1 month ago IST
New Delhi [India], May 22 (ANI): Federation of Indian Chambers of Commerce and Industry (FICCI) Secretary-General Dilip Chenoy on Friday lauded the Reserve Bank of India's (RBI) decision to slash the repo rate and reverse repo rate and extension of the loan repayment moratorium.
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Equity indices in red after RBI rate cut, banking stocks down as loan mora
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the l
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Industry appreciates RBI rate cut, loan moratorium extension
Updated : 6 years, 1 month ago IST
New Delhi [India], May 22 (ANI): Industry experts on Friday largely welcomed the Reserve Bank of India's measures to increase private consumption and provide liquidity access to all sectors hit by the Covid-19 pandemic.
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Equity indices tumble by 1 pc on RBI rate cut, banking stocks suffer as mo
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices fell by 1 per cent during the afternoon on Friday as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points and extended the loan repayment moratorium for another three months
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