RBI directs Bajaj Finance to stop lending under two lending products
Mumbai: The Reserve Bank of India (RBI) on Wednesday directed Bajaj Finance to stop issuing loans under its two products eCOM and Insta EMI Card.
ICICI Bank gets RBI's nod to make ICICI Securities wholly-owned subsidiary
Mumbai: ICICI Bank Thursday said it has received approval from the Reserve Bank of India to make ICICI Securities its wholly-owned subsidiary.
Shriram Capital seeks RBI nod for Asset Reconstruction Company license
Mumbai: Shriram Capital has applied for an Asset Reconstruction Company (ARC) license from the Reserve Bank of India (RBI), Moneycontrol reported.
Bhubaneshwar: Over the past three to four days, a large number of people have been lining up outside the regional office of the Reserve Bank of India (RBI) in Bhubaneswar to swap Rs 2,000 notes, Indian Express reported.
Closely 'watching' high attrition rate in pvt banks: RBI Guv Shaktikanta Das
New Delhi: RBI Governor Shaktikanta Das on Tuesday commented on the high attrition rates observed in certain private sector banks, emphasising that the Central bank is closely monitoring this issue, a report in the media said.
RBI grants extension to Dipak Gupta as MD & CEO of Kotak Mahindra Bank
Mumbai: The Reserve Bank of India (RBI) has granted an extension to Dipak Gupta as the interim Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank until December 31, 2023.
RBI planning to conduct open market sales of bonds
Mumbai: India's Central bank, the Reserve Bank of India (RBI), is planning to conduct open market sales of bonds once government spending increases and there is an improvement in durable liquidity surplus, Reuters reported.
RBI imposes Rs 8.50 lakh penalty on Bajaj Finance
Mumbai: The Reserve Bank of India (RBI) on Friday slapped a fine of Rs 8.50 lakh penalty on Bajaj Finance for violation of the rule pertaining to reporting of frauds.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank
Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.
RBI directs Bank of Baroda to halt adding new customers via app
Mumbai: The Reserve Bank of India (RBI), on Tuesday, directed state-owned lender Bank of Baroda to cease the onboarding of new customers through the BoB World, the bank's digital banking application.
Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced it will maintain the repo rate at 6.5 percent for the fourth consecutive time.
RBI's Monetary Policy Committee likely to keep repo rate steady at 6.50%: Report
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
RBI extends deadline for returning Rs 2000 bank notes till October 7
The Reserve Bank of India (RBI) on Saturday extended the deadline for exchanging or depositing Rs 2000 banknotes by a week to October 7, 2023.
Amazon won't allow these notes for COD orders from today
New Delhi: Starting September 19, 2023, Amazon India will no longer accept Rs. 2,000 currency notes for Cash on Delivery (COD) orders or Cashloads, media reports said.