Mumbai/IBNS: The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 crore on HDFC Bank after finding deficiencies in regulatory compliance by the bank's auto loan department
Mumbai/UNI: The BSE Sensex gained 424.11 points or 0.87 pc at 49,206.47 in a week, as robust corporate results and positive global cues propped up risk appetite despite the COVID-19 overhang.
New Delhi/UNI: The Delhi High Court on Wednesday asked the State Bank of India (SBI) and the Reserve Bank of India (RBI) to maintain status quo in the accounts of three Anil Ambani-led Reliance Group entities--Reliance Communications (RCom), Reliance Telecom (RTL) and Reliance Infratel.
Hyderabad/IBNS: The Hyderabad Police has busted a multi-crore money lending scam, run through multiple apps, which charged its targets up to 35 per cent interest and allegedly accumulated Rs 423 crore in 75 banks, which were seized for investigation.
New Delhi/IBNS: The Reserve Bank of India has put Tamil Nadu based Lakshmi Vilas Bank on moratorium for a month and restricted the withdrawals to Rs 25,000 during the period, the finance ministry said in a statement.
New Delhi: Reserve Bank of India Governor Shaktikanta Das on Sunday said he has tested positive for COVID-19.
New Delhi/IBNS: The Supreme Court on Thursday gave the Centre two weeks more to come up with a "concrete plan" to ease the burden of EMI on borrowers using an optional moratorium on repayment of loans, said media reports.
New Delhi/IBNS: The Supreme Court on Friday rebuked the government for not actively addressing the issue of interest accrual during the six-month loan moratorium period, said media reports.
New Delhi/IBNS: The Supreme Court on Wednesday asked the central government to take a clear stand on the waiving of interest on loan repayment during the moratorium period, media reports said.
New Delhi/UNI: Attacking the NDA government on the report by the Reserve Bank of India that economic recovery is likely to take longer, Congress leader Rahul Gandhi on Wednesday said that the RBI has only confirmed that he had been warning for several months.
New Delhi/UNI: The Supreme Court on Friday asked the Finance Ministry and RBI officials to hold a joint meeting within three days to decide whether interest incurred on EMIs during the moratorium period can be charged by banks or not.
New Delhi/IBNS: India, the country of 1.3 billion people, is likely to witness a partial resumption of economic activities post May 3 as the Narendra Modi government has hinted at a staggered exit from the nationwide anti-Covid-19 lockdown.
New Delhi/IBNS: Indian PM Narendra Modi on Friday appreciated the steps announced by Reserve Bank of India Governor Shaktikanta Das to tackle the current economic situation of the nation following COVID-19 outbreak and said it will 'enhance liquidity and improve credit supply'.
New Delhi/IBNS: Prime Minister Narendra Modi on Friday lauded the Reserve Bank of India (RBI) for slashing the repo rate by 75 basis points saying the central bank took giant steps to safeguard the Indian economy from the impact of COVID-19.
New Delhi/IBNS: The Enforcement Directorate on Sunday stopped arrested Yes Bank founder Rana Kapoor's daughter Roshni from going to London, media reports said.