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The central bank also said there will an interim moratorium on the lender between the date of filing of the bankruptcy application and its admission or rejection.

RBI sends DHFL to NCLT for resolution

The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

29 Nov 2019 4:22 PM

IDFC First Bank's Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance's Managing Director and Chief Executive N S Kannan, and mutual funds' association AMFI's Chief Executive N S Venkatesh would be part of the panel, an official statement said.

RBI appoints 3-member advisory panel for DHFL

RBI superseded DHFL's board and placed company under an administrator in the wake of governance issues and severe liquidity crisis.

22 Nov 2019 3:02 PM

On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. (Photo: PTI)

PMC case: 'Depositors can approach RBI admin for emergency withdrawals'

The apex bank also stated that a largescale wrongdoing has been found in the PMC bank.

19 Nov 2019 4:19 PM

The corporate insolvency resolution process for an FSP would be initiated ‘only on an application by the appropriate regulator’.

NBFCs with Rs 500 cr assets can go for insolvency resolution

On Friday, the ministry notified the framework for dealing with systemically important FSPs, excluding banks.

19 Nov 2019 9:35 AM

The higher inflation will be driven by base effects or lower inflation in the year-ago period when the same number had dipped to 2.2 per cent.

'RBI to cut rates by 40 bps by Feb despite high inflation'

GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter.

14 Nov 2019 4:04 PM

In July 2019, the RBI had turned a net seller of the US dollar for first time in this fiscal, after it sold USD 93 million on a net basis. (Photo: AFP)

RBI becomes net buyer of dollars in Sept, bought USD 5.61 billion

RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.

13 Nov 2019 9:33 AM

The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.

India's GDP likely to grow 5 per cent this fiscal: SBI report

India is also significantly lower in Economic Uncertainty Index when compared globally

12 Nov 2019 5:08 PM

"Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh," the circular said.

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

08 Nov 2019 8:28 PM

Inflation probably exceeded the RBI medium-term target of 4 per cent in October for the first time in 15 months.

India’s inflation probably breached RBI target last month: report

Vegetable prices, particularly that of onions and tomatoes, will contribute significantly to the rise in inflation.

08 Nov 2019 11:00 AM

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

07 Nov 2019 3:47 PM

The crisis began after an alleged Rs 4,355-crore scam came to light. (Photo: PTI)

PMC depositors gather outside RBI Delhi, demand assurance from central bank

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

06 Nov 2019 3:44 PM

The RBI has also been decided to allow the depositors to withdraw from the PMC Bank's own ATMs within the prescribed limit of Rs 50,000. (Photo: File | PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.

05 Nov 2019 6:30 PM

The bank has deposits of over Rs 11,000 crore and the RBI has said that 77 per cent of the depositors can withdraw their money with the Rs 40,000 limit. (Photo: PTI)

What steps taken to help PMC Bank depositors, HC asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

04 Nov 2019 2:43 PM

...it has been decided to integrate the supervision functions into a unified Department of Supervision, and regulatory functions into a unified Department of Regulation with effect from November 1, 2019,the Reserve Bank said.

RBI revamps departments for effective supervision, regulation of banking sector

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

02 Nov 2019 12:27 PM

Markets regulator Sebi asked all listed banks to make disclosures about any divergence in provisioning of bad loans.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM

PMC depositors protest outside RBI office seeking payback

Five persons, including HDIL promoters and bank's top management, have been arrested.

29 Oct 2019 5:48 PM

The forex reserves had risen by USD 1.879 billion to a new record high of USD 439.712 billion in the previous reporting week.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM

The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM

The country also figured among the top 10 performers on the list for the third time in a row. (Representational Image)

India moves up 14 spots to 63 on World Bank's ease of doing business ranking

New Zealand, Singapore and Hong Kong topped the list this year.

24 Oct 2019 8:13 AM

This is the fourth incidence of death of depositors of PMC Bank which has been under RBI curbs, including limits on cash withdrawals at Rs 40,000 per depositor. (Representational Image)

PMC depositor dies after being unable to withdraw funds for heart surgery

The victim, Murlidhar Dharra, 83, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw money due to RBI curbs.

19 Oct 2019 8:52 AM

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K C Singh