RBI monetary penalty on two co-operative banks
Mumbai/IBNS: Reserve Bank of India (RBI) on Tuesday imposed monetary penalty on two cooperative banks for not complying with its various rule violations.
RBI imposes Rs 1 cr penalty on Paytm Payments Bank
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday imposed a monetary penalty of Rs one crore on Paytm Payments Bank Limited (PPBL) for violating certain norms.
RBI to geotag payments to increase the reach of digital payments
Mumbai/IBNS: The Reserve Bank of India on Friday (October 8) introduced geotagging of payments system to improve the payment acceptance infrastructure.
Banks, business community laud RBI's accommodative stance on repo rate
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth
Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.
RBI keeps repo rate unchanged at 4 percent
Mumbai: The Reserve Bank of India on Friday announced the decision to keep repo rate unchanged at 4 percent.
RBI lifts PCA restrictions on UCO bank after four years
Mumbai/IBNS: The Reserve Bank of India (RBI) has removed the Prompt Corrective Action (PCA) restrictions from public sector lender UCO Bank after four years.
RBI imposes penalty of Rs 25 lakh on Axis Bank for violating rules
Mumbai/IBNS: The Reserve Bank of India (RBI) today imposed a fine of Rs 25 lakh on Axis Bank for violation of rules.
RBI issues revised locker rules for banks
Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday issued revised rules on safe deposit locker and safe custody article facility provided by banks.
RBI allows HDFC to issue new credit cards
Mumbai/IBNS: The Reserve Bank of India has relaxed the restrictions placed on HDFC bank to issue new cards.
RBL Bank empanelled as 'Agency Bank' to RBI
Mumbai/UNI: RBL Bank, formerly known as Ratnakar Bank, on Wednesday said that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
RBI retains GDP forecast for FY22 at 9.5pc
New Delhi/UNI: Buoyed by increasing exports, high-frequency data pointing to positive outlook and widening vaccination coverage, Reserve Bank of India (RBI) on Friday retained its real GDP growth projection for FY22 at 9.5 per cent while announcing the bi-monthly monetary policy.
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
RBI holds repo rate at 4 pc, keeps all other rates also unchanged
New Delhi/UNI; Announcing its bi-monthly monetary policy on Friday, the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent on expected lines to support growth hit hard by the COVID-19 pandemic.