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Reserve Bank of India (RBI)

RBI fines 4 bank, including PNB for violation of KYC norms

RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.

3 July 2019 8:45 AM IST

Citing rules, Sitharaman stated that Section 178(5) and 178(6) of the Companies Act. (Photo: ANI)

Govt considering giving more powers to RBI to regulate NBFCs:...

As on June 23, 2019, 9,643 NBFCs were registered with RBI.

1 July 2019 5:06 PM IST

NS Vishwanathan was appointed as RBI Deputy Governor on July 4, 2016 for a period of three years. (Photo: rbi.org.in)

NS Vishwanathan given 1 year extension as Deputy Governor of RBI

Previously NS Vishwanathan was appointed as RBI Deputy Governor on July 4, 2016 for a period of three years.

1 July 2019 2:47 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank launches repo-linked home, auto loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum...

30 Aug 2019 3:26 PM IST

Priyanka Gandhi Vadra, Congress general secretary for Uttar Pradesh East. (Photo: ANI)

Who is the guarantor allowing such big bank frauds: Priyanka on RBI...

As per the annual report of RBI, the banking sector reported 6,801 frauds in the financial year 2018-19.

30 Aug 2019 3:13 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

India Inc to debate USD 5 trillion economy goal amid RBI bonanza to...

RBI decided to transfer Rs 1.76 lakh crore in dividend and surplus reserve to the government.

30 Aug 2019 12:34 PM IST

As many as 1,328 cases (Rs 6 crore) related to ATM/Debit Cards, and 18 cases (Rs 1 crore) involving internet banking were reported during the period.

RBI asks banks to extend PoS cash withdrawal facility

The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.

30 Aug 2019 10:20 AM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Bank frauds take 74pc leap to Rs 71,543 crore in FY19: says Reserve...

Report states, 'balance in contingency fund as of June 30, 2019 was Rs 1.96 lakh crore compared to Rs 2.32 lakh crore as...

29 Aug 2019 6:55 PM IST

There is no doubt that this is a tough time for the Indian economy. Growth has slowed down to rates not seen since 2008-9. Consumption has fallen. Businesses have been pushed to the brink.

Economic growth seen slipping in April-June, more stimulus expected

Slowdown has been driven by a fall in household savings and banks' increased bad loans, which has hit private...

29 Aug 2019 3:04 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI...

The Rs 52,000-crore surplus payout is much lower than the estimates, the economists said.

29 Aug 2019 9:31 AM IST

FDI eases norms for manufacturing, digital media, single brand retail

'FDI regulations have been liberalised. We see opportunity to make India manufacturing hub' Piyush Goyal said.

28 Aug 2019 7:46 PM IST

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Rate cuts not enough to re-fire damp India housing market: Report

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance...

28 Aug 2019 12:03 PM IST