RBI

Supreme Court Takes Strong Note of Non-Disclosure of Banks’ Inspection Reports by RBI

The bench was hearing as many as three petitions filed by parties, including RTI activist Subhash Chandra Agrawal, alleging non-compliance of the law by the federal bank.

RBI Slaps Rs 2 Crore Penalty on Punjab National Bank for Non-Compliance of SWIFT Operations

The Reserve Bank of India on Tuesday imposed a penalty of whopping Rs 2 crores on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations.

RBI Imposes Rs 2 Crore Penalty on Punjab National Bank for Violating SWIFT Operations Norms

In a regulatory filing, the PNB said the Reserve Bank in a letter dated March 25 has informed the bank about the penalty.

Government Refuses to Disclose Details on RBI Governor Shaktikanta Das Appointment

The Centre has refused to share details related to the appointment of RBI Governor Shaktikanta Das citing a clause in the transparency law which bars disclosure of information, including "records of deliberations of the council of ministers, secretaries and other officers".

RBI Guv Shaktikanta Das to Hold Pre-Policy Meet with Trade Bodies, Rating Agencies on March 26

Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and steps to boost economic activities, said sources.

P Chidambaram Says Narendra Modi ‘Exposed’ After RTI Reveals BJP-Govt Ignored RBI’s Warnings

With the RTI revelations on demonetisation in place, P Chidambaram slammed Narendra Modi on note ban stating it exposed the ‘incompetence’ of BJP-led Union government.

Demonetisation Was Implemented by PM Modi Prior to Formal Approval From RBI, Reveals RTI

A fresh RTI query has revealed that the PM went ahead with the note ban even prior to the formal approval of RBI.

Demonetisation Will Hit GDP, Won't Curb Black Money, RBI Told Modi Government

The director who raised concerns about the impact of demonetisation on black money, however, supported the move in 'larger public interest'.

Cheaper Retail Loans on Anvil as Majority of Banks Brace for 5-10 bps Cuts by March 31

After intial dithering, banks are now falling in line to cut interest rates after the RBI asked them to do so last month.

GDP Growth Rate in October-December Slows to 6.6%, Down From 7% in Previous Quarter

As per the Statistics Office estimates, the overall growth rate for the financial year 2018-19 is predicted to be 7.2 per cent -- lower than the RBI's estimate of 7.4 per cent.

'Lakh' or 'Lac' Which is the Correct Spelling for Cheques As Per RBI guidelines? Fake WhatsApp Message on New Update for Banks Goes Viral

While RBI has never made any such claims in the recent past, the WhatsApp messages allege to be an important update from the RBI.

RBI Board to Give Rs 28,000 Crore as Interim Surplus to Modi Government

This is the second successive year that RBI will transfer the interim surplus to the government.

Arun Jaitley Bats For 'Lesser, Stronger' Banks as RBI Imposes Penalties on Lenders Flouting Loan Norms

Arun Jaitley vows for lesser and stronger banks in RBI meeting to tackle fiscal consolidation, as financial regulator imposes penalties on banks for flaunting loan guidelines

RBI Imposes Monetary Penalty on SBI, Bank of Baroda, Corporation Bank and Union Bank of India For Non-Compliance

According to sources, RBI imposed monetary penalty of Rs 1 cr against Bank Of Baroda, State Bank Of India, Union Bank of India and penalty of Rs 2 cr against Corporation Bank.

Cash in Circulation Spikes to Rs 20.65 Lakh Crore, Way More Than Pre-Demonetisation Days

According to the report, the upward trend in the CIC is attributed to the improvement in the informal (unorganised sector) that was hit hard by demonetisation.

Rs 10 Coins Are Valid! All 14 Types of Coins Declared Valid and Legal Tender for Transactions by RBI; Watch Video

The Rs 10 coin carries the portrait of Shrimad Rajchandra in the centre. The coin was minted to commemorate the 150th birth anniversary of Shrimad Rajchandra.

SBI Home Loan Interest Rate Reduced by 5 Basis Points on Loan up to Rs 30 Lakh

The State Bank of India on Friday reduced the interest rate by five basis points on home loans up to Rs 30 lakh.

RBI Rate Cut Lifts Equity Market; Sensex Above 37,000 Mark

The key Indian equity indices traded in the green on Thursday afternoon after the Reserve Bank of India (RBI) announced a rate cut of 25 basis points.