RBI hikes repo rate by 25 bps
RBI hikes repo rate by 25 bps. The repo rate is now at 6.25%. It has also hiked reverse repo rate to 6%. Monetary Policy Committee (MPC)...
Tag : RBI
Capital First, IDFC Bank receives RBI approval for merger
The Reserve Bank Of India (RBI), has given approval to Capital First and IDFC Bank for the scheme of amalgamation. Reserve Bank of India (RBI) conveyed no...
Sudha Balakrishnan appointed as the first CFO of RBI
Sudha Balakrishnan, has been appointed as the first chief financial officer (CFO) of the Reserve Bank of India (RBI), with effect from May 15. Balakrishnan, is a chartered accountant,...
Cox & Kings subsidiary receives NBFC license from RBI
Cox & Kings subsidiary has received non-banking finance company (NBFC) license, from the Reserve Bank of India (RBI). The company stated, “Reserve Bank of India (RBI)...
RBI imposes Rs.5 crore penalty on South Indian Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs.5 crore on South Indian Bank, for violation of bad loan classification, know-your-customer (KYC)...
RBI permits FPIs to invest in treasury bills
The Reserve Bank of India (RBI), allows foreign portfolio investors (FPI) to invest in shorter maturity Government bonds like treasury bills. This is subject to the...
RBI upgrades KYC norms for financial entities, banks
The Reserve Bank of India (RBI) has updated the know your customer (KYC) norms for banks and financial entities. RBI stated, “Regulated entities (RE) have...
RBI levies penalty of Rs.3 crore on IDBI Bank
The Reserve Bank of India (RBI), has levied a penalty of Rs.3 crore on IDBI Bank, for failing to comply with norms related to reporting...
IndusInd Bank receives approval from RBI to acquire IL&FS arm
IndusInd Bank has received approval from RBI, to acquire the securities services arm of IL&FS. The bank in a regulatory filing stated, “The Reserve Bank...
RBI imposes penalty of Rs.58.9 crore on ICICI Bank
The Reserve Bank of India (RBI) has imposed a penalty of Rs.58.9 crore on ICICI Bank, for failure to abide by rules on sale of bonds...