RBI approves IndusInd Bank merger with Bharat Financial
The Reserve Bank of India (RBI), has given approval to the merger of IndusInd Bank with Bharat Financial Inclusion Limited (BFIL). In a filing to...
Tag : RBI
RBI increases FPI investment limit in TeamLease Services
The Reserve Bank of India (RBI) has increased the investment limit for foreign portfolio investors (FPIs), in TeamLease Services to 75% on Tuesday. At present, FPIs...
Axis Bank, Indian Overseas Bank penalized by RBI
The Reserve Bank of India (RBI), has imposed penalties on Axis Bank and Indian Overseas Bank of Rs.3 crore and Rs.2 crore, respectively, for not...
RBI has announced new set of resolution for bad loans
The Reserve Bank of India (RBI), has made more strict rules for bank loan defaults, in order to to push more large loan defaulters towards...
RBI keeps repo rate unchanged at 6%
RBI has maintained status quo on policy rate. The repo rate, rate at which the central bank lends to bank, has been kept unchanged at...
RBI likely to provide extra dividend to government for FY18
The Reserve Bank of India (RBI) is likely to provide extra dividend to the government for the ongoing financial year. The Center has requested an additional dividend...
RBI places Bank of India under Prompt Corrective Action
Reserve Bank of India (RBI) has put Bank of India under Prompt Corrective Action, due to bad asset quality performance. Bank of India stated, “This...
RBI keeps repo rate unchanged at 6%
The Reserve Bank of India has maintained a status quo for the monetary policy. It has kept Repo rate, Reverse repo rate and MSF unchanged. Repo rate,...
RBI levies Rs.2 crore penalty on IDFC Bank
The Reserve Bank of India (RBI), has levied a monetary penalty of Rs.2 crore on IDFC Bank Limited for breach of regulatory restrictions related to...
RBI permits interoperability in mobile wallets with KYC conditions
RBI has directed financial companies to make know your customer(KYC) compliant prepaid payment instruments (PPIs) like mobile wallets interoperable within next 6 months. As per...