Tag: Rbi

If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers.

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…

Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…

Mumbai: As the county’s healthcare system reels under the severe Covid crisis, the Reserve Bank of India (RBI) on Wednesday announced a liquidity window of Rs 50,000 crore wherein vaccine…

Mumbai: India’s Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19. In virtual address, RBI Governor Shaktikanta Das announced a number of liquidity enhancement…

Mumbai: The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on ‘Collection of […]

Kolkata: State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period. The lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India (RBI), had reported a net […]

Kolkata: State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period. The lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India (RBI), had reported a net […]

Mumbai:The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent to 6.25 per cent on expectation of inflation staying within its target range, a move that may translate into lower monthly installments for home and other loans. The central bank also changed its monetary policy stance to ‘neutral’ from the earlier […]

Mumbai: The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders Allahabad Bank and Corporation Bank over deficiencies in complying with various regulatory norms. In a regulatory filing to the BSE on Friday, the Allahabad Bank said that the RBI has imposed a penalty of Rs 1.5 crore “for not monitoring the […]

New Delhi: The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. The move aims to prevent such entities from making biased assessments about the financial condition of their clients and restrict conflict of interest that may seep in. Official sources said that the banking […]

Mumbai: India’s current account deficit (CAD) widened to $16.9 billion during the third quarter of 2018-19 from $13.7 billion reported in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. However, on a sequential basis, the Q3 CAD moderated from a higher level of $19.1 billion reported in the […]

New Delhi: In a huge relief to the regulated sector, the Supreme Court on Tuesday struck down as ultra vires the controversial Reserve Bank of India (RBI) circular mandating resolution of loans of Rs. 2,000 crore and above even for a single day. “We have declared RBI circular ultra vires,” said Justice Rohinton Fali Nariman […]

Mumbai: The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation. The central bank, however, kept monetary policy stance at ‘neutral’. In the second policy review under Governor Shaktikanta Das, the […]

Mumbai: Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from April 10. SBI reduced its MCLR by 5 basis points (0.05 per cent) across all […]