PMC Bank: FM Nirmala Sitharaman says RBI taking action
New Delhi: Union Finance Minister Nirmala Sitharaman assured depositors of crisis-hit Punjab and Maharashtra Co-operative Bank of fast recovery into the trouble.
RBI cuts repo rate to boost economy, ensures stability of Indian banking system
Mumbai: The Reserve Bank of India on Friday slashed the repo rate by 25 basis points to 5.15% in a bid to revive the sagging economy.
RBI cuts repo rate by 25bps to 5.15%, GDP growth cut to 6.1%
Mumbai: The RBI on Friday reduced the repo rate by 25 basis points to 5.15% from 5.40% in the fourth bi-monthly policy review.
RBI relaxes restriction on withdrawal from Rs 1000 to 10,000
Mumbai: The RBI on Thursday increased the withdrawal limit of Punjab and Maharashtra Co-operative Bank (PMC) bank depositors from Rs1000 to Rs10,000, relaxing initial restrictions imposed on Sep 23.
Social media message regarding closure of 9 banks false: RBI
Mumbai, Sept 25 (IBNS): The Reserve Bank of India (RBI) on Wednesday refuted reports that nine banks would be closed down and said that no commercial banks are going to be shut.
RBI imposes restrictions on PMC bank; depositors under panic
New Delhi: Tension is running high among the depositors of Punjab and Maharashtra Cooperative Bank(PMC Bank) after Reserve Bank of India restricted withdrawal of funds from their accounts, due to some irregularities committed by the bank.
RBI governor hails govt move to slash corp tax, says it will help economy
New Delhi: Minutes after Union Finance Minister Nirmala Sitharaman announced corporate tax rate cuts, Reserve Bank of India Governor Shaktikanta Das hailed the move and called it a 'bold & welcome' step to put the growth engine back on track.
Govt not yet decided how to utilise RBI funds: Nirmala Sitharaman
New Delhi, Aug 27 (IBNS): A day after the Reserve Bank of India decided to transfer Rs. 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the Centre has not yet decided on how the funds from the central bank will be utilised.
Reserve Bank of India to transfer Rs. 1,76,051 crore to government
New Delhi, Aug 27 (IBNS): The Reserve Bank of India on Monday announced it has accepted the recommendations of Bimal Jalan Committee following which it approved surplus transfer to the Centre.
RBI issues circular on free ATM transaction norms
New Delhi, Aug 16 (IBNS): The Reserve Bank of India on Friday issued a circular where it directed all commercial banks, cooperative and rural banks not to treat failed transactions at ATMs or non-cash transactions such as balance enquiries or checkbook requests as part of five free transactions available to customers in a month.
System has more than surplus liquidity: RBI Guv
New Delhi, Jul 8 (UNI): The system has more than adequate surplus capital liquidity and the Government has announced liquidity backstop for banks to implement NBFC package that Finance Minister Nirmala Sitharaman had outlined in the Budget 2019-20, RBI Governor Shaktikanta Das said on Monday.
New Delhi, June 24 (IBNS): Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has quit from his position citing "unavoidable personal circumstances", officials said.
RBI's deputy governor Viral Acharya resigns
New Delhi, June 24 (IBNS): Viral Acharya, Reserve Bank of India’s (RBI’s) youngest deputy governor post-economic liberalisation, has resigned from his position, media reports said on Monday.
RBI governor Shakti Kanta Das meets Union Finance Minister Nirmala Sitharaman
New Delhi, June 19 (IBNS): Reserve Bank of India Governor Shakti Kanta Das called on Union Finance Minister Nirmala Sitharaman on Wednesday.
Reserve Bank of India penalises Kotak Mahindra Bank for Rs 2 crore
Mumbai, June 10 (UNI )The Reserve Bank of India (RBI) imposed a monetary penalty of Rs two crore on Kotak Mahindra Bank Limited for non-compliance, with the directions issued to the bank by RBI in exercise of its powers under Sections 27(2) and 35A of the Banking Regulation Act, 1949 (the Act), to furnish information specified therein.