Tag: Reserve Bank of India (RBI)
17 Results
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Delhi HC grants 6 weeks to RBI to file reply on Uniform Banking Code
The Bench of Justice Satish Chander Sharma and Justice Subramonium Prasad on Monday granted more time to counsel appearing for RBI to file a reply in the matter.
March 20, 2023 -
As short selling report roils markets, SBI defends exposure
India's largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of India's (RBIs) Large Exposure Framework and was secured by cash generating assets.
January 28, 2023 -
RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI
In three other instances, the SCNs were given but since the adjudication process was not completed, the banks' names were withheld, said Sarda.
December 27, 2022 -
RBI’s MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law
The MPC had met on November 3, to discuss what it would tell the central government on the reasons why it was not able to restrain the inflation.
November 30, 2022 -
RBI announces launch of digital rupee on 1 December
The e-Rupee would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued.
November 29, 2022 -
RBI announces the launch of the first pilot for retail digital Rupee on Dec 1
The pilot will also test the robustness of the entire process of digital rupee creation, distribution, and retail usage in real time. Different features and applications of the digital token and architecture will be tested in future pilots, based on the learnings from this pilot, the RBI said in a statement.
November 29, 2022 -
RBI imposes Rs 1.25-crore penalty on Zoroastrian Co-operative Bank
The RBI statement said the statutory inspection of the bank was done by RBI with reference to its financial position as on March 31, 2020, and examination of the risk assessment report pertaining to the Forensic Audit Report (FAR) by an external auditor.
November 29, 2022 -
With no signs yet of inflation cooling, experts predict more rate hikes
As retail inflation in India continues to remain above the RBI's comfort zone for the past 10 months, analysts feel that more hikes are expected in the future.
November 27, 2022 -
India’s forex reserves rise by USD 2.54 billion to USD 547.25 billion
During the week that ended on November 11, the country's forex reserves were at USD 544.71 billion, data showed. According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, rose by USD 1.76 billion to USD 484.28 billion.
November 26, 2022 -
India, UAE in talks for rupee-dirham denominated bilateral trade
India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade, said Sunjay Sudhir, Indian Ambassador to UAE, adding that both the countries will find it beneficial.
November 25, 2022 -
SBI warns customers against instant loan apps
The country's largest lender, State Bank of India (SBI) has warned customers against instant loan apps and even suggested measures to safeguard against the menace.
November 24, 2022 -
What’s for dinner tonight?
Inflation has broken the back of common people in India. Reports suggest that prices of piped natural gas have increased for the tenth time since August 2021.
November 24, 2022 -
India is differently placed, at low risk of recession: RBI Governer
Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.
November 20, 2022 -
Research Dept role is to quickly process an avalanche of data: RBI Governer
Reserve Bank of India (RBI) Governor Shaktikanta Das said rapid advancement in technology has brought with it an avalanche of data, adding further that, the research department's role is to quickly process these data and derive meaningful inferences of relevance to policymaking.
November 20, 2022 -
RBI slaps penalties on 9 cooperative banks for violating compliances
These banks include The Berhampur Cooperative Urban Bank, The Kendrapara Urban Co-operative Bank, The Jamshedpur Urban Cooperative Bank, Krishna Mercantile Co-operative Bank, Renuka Nagarik Sahakari Bank Maryadit, Jila Sahakari Kendriya Bank Maryadit, Osmanabad Janata Sahakari Bank, The Santrampur Urban Co-operative Bank, and The Nawanagar Co-operative Bank. The monetary penalties slapped on these banks range from Rs 25,000 to Rs 3.1 lakh, RBI said in nine standalone statements on Monday.
November 15, 2022 -
RBI panel holds meeting to draft response to Centre on failure to check inflation
Having failed to keep inflation within its tolerance limit of up to 4 per cent for the past three quarters, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) met on Thursday to draft its response to the government on its inability to do so.
November 4, 2022 -
RBI imposes Rs 5 lakh penalty on LIC Housing Finance
The Reserve Bank of India (RBI) on Monday imposed a penalty of Rs 5 lakh on LIC Housing Finance Ltd for non-compliance with certain provisions of the Housing Finance Companies Directions, 2010 issued by the National Housing Bank (NHB).
October 31, 2022