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Reserve Bank News
Modi Govt monitoring transmission of repo rate cut by banking sector: FM Sitharaman
Fri, Jun 19, 2020
Finance Minister Nirmala Sitharaman has said that the Narendra Modi Government is closely monitoring transmission of repo rate cuts by the banking sector and recognising efforts in scripting India’s growth story.
Real estate funding to be discussed in RBI board meeting tomorrow
Thu, Dec 12, 2019
Reserve Bank central board meeting is going to take place in Bhubaneswar on December 13. The focus of the meeting will be real estate and NBFC's.
RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations
Sat, Mar 09, 2019
Reserve Bank said it has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks for non-compliance in SWIFT operations
PNB fraud: Banks told to link CBS with SWIFT system
Sat, Feb 24, 2018
Indian Banks Association (IBA) chairperson Usha Ananthasubramanian said there is an urgency to fast-track SWIFT-CBS linkage
Nirav Modi fraud case may trigger corrective action on PNB: report
Thu, Feb 22, 2018
The state-run lender had detected fraudulent transactions worth Rs 11,400 crore at one of its branches in Mumbai
Citi India bans use of debit/credit cards to buy bitcoins
Tue, Feb 13, 2018
The decision, the bank said, comes following concerns, both globally and locally including from the RBI
RBI to have additional instrument for liquidity management
Sun, Feb 11, 2018
The proposal forms part of the Finance Bill 2018 which is scheduled to be approved by Parliament by March 31
Claims worth Rs 3.13 lakh cr under insolvency proceedings
Mon, Jan 29, 2018
In June last year, the Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
Facing margin pressure, Axis Bank ups loan rates by 5 bps
Wed, Jan 17, 2018
The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates
RBI puts Bank of India under watch; initiates 'corrective action'
Wed, Dec 20, 2017
In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.
RBI allows foreign investors to up stake in Bharat Financial
Wed, Dec 06, 2017
The aggregate foreign shareholding by foreign portfolios investors (FPIs) under Portfolio Investment Scheme in Bharat Financial Inclusion Limited has gone below the prescribed threshold caution limit, Reserve Bank (RBI) said in a notification.