Forex Reserves up by $2.56 Bn to Record $581.131 Bn
At a time when the economy is under stress due to the coronavirus pandemic, India’s foreign exchange (forex) reserves have been rising at a very...
Tag : Reserve Bank of India (RBI)
RTGS Transactions to be Available 24×7 from December 14
The Reserve Bank of India (RBI) has announced that RTGS or the Real Time Gross Settlement system will be available round the clock on all days...
SREI Infra Shares Fell Over 15 Percent on RBI Special Audit
The share price of SREI Infrastructure Finance fell over 15 percent after the firm said that the Reserve Bank of India would be conducting a special audit...
DBS Bank India Rescues Lakshmi Vilas Bank
The Reserve Bank of India (RBI) today placed Lakshmi Vilas Bank (LVB) under a moratorium for one month citing serious deterioration in the bank’s financial position. RBI also announced...
RBI Imposes Rs 22 Lakh Penalty on DCB Bank for Violating Marketing Norms
On Thursday, Private lender DCB Bank said that the Reserve Bank of India (RBI) has imposed a fine of Rs 22 lakh on the bank...
Lakshmi Vilas Bank Board Approved to Raise up to Rs 500 Cr via Rights Issue
Today, the board of Lakshmi Vilas Bank (LVB) has approved the proposal of raising funds up to Rs 500 crore through issuance of shares on the rights...
Credit Access to Raise Rs 1,000 Crore via Share Selling
Non-Banking Financial Company (NBFC), CreditAccess Grameen Ltd. plans to raise a capital of up to Rs 1,000 crore this month through selling shares to financial institutions, said...
PNB Declares Rs 1,203 Crore Sintex Industries Loan as Fraud
The second-largest public sector bank, Punjab National Bank (PNB) on Wednesday declares its exposure of Rs 1,023.26 crore loan as fraud to Sintex Industries Ltd. (SIL). According to...
RBI Enhanced Borrowing Limit Under MSF Extended to 31 March
To accommodate the requirement owing to the liquidity shortage latest by March 31, 2021, the Reserve Bank of India (RBI) has further increased the limit of enhanced...
Parliament Passes Bill to Bring Cooperative Banks Under RBI
The Indian Parliament has passed amendments on bill to the Banking Regulation Act as cooperative banks are covered under the supervision of Reserve Bank of India (RBI),...