Shares of Bank and NBFC Tumbles as RBI Tighten Norms on Personal Loans
Shares of banks and NBFCs (non-banking finance companies) slumped up to 7% on 17 November after the Reserve Bank of India (RBI) tightened the norms...
Tag : Reserve Bank of India (RBI)
SVC Co-operative Bank Imposed Rs 13.30 Lakh Penalty by RBI
The Reserve Bank of India (RBI) on 23 October imposed a Rs 13.30 lakh penalty on SVC Co-operative Bank for rule violations. The penalty was...
RBI Modifies Norms for Classification, Valuation of Banks’ Investment Portfolios
On Tuesday, September 12, the Reserve Bank of India (RBI) issued revised norms for the classification, valuation, and operation of investment portfolios of commercial banks....
RBI MPC Keeps Repo Rate Unchanged at 6.5%, Raises Inflation Forecasts
Reserve Bank of India (RBI) governor Shaktikanta Das announced on Thursday that the RBI’s monetary policy committee (MPC) unanimously decided to keep the repo rate...
India and Bangladesh Launch Bilateral Trade in Rupees
India and Bangladesh launched a trade transaction in rupees at an event jointly organised by the High Commission of India and Bangladesh Bank in Dhaka....
India’s Forex Reserves Inch Closer to $600 Billion, as FCAs Outperform Other Components
India’s Foreign Exchange (Forex) Reserves reached $596.098 billion on June 16, rising marginally by $2.350 billion in the week, as per the Weekly Statistical Supplement...
UPI to Account for 90% of Retail Transactions in 5 Years, Says RBI Bulletin
Unified Payments Interface (UPI) transactions could account for 90% of total retail digital transactions over the next five years, up from 75.6% at the end...
Bank Deposits Reach Rs 187 Lakh Crore, More than Half of Rs 2,000 Notes in Circulation Back
Following the Reserve Bank of India’s (RBI’s) decision to withdraw Rs 2,000 from circulation, deposits into the banking system rose by Rs 3.26 trillion to...
RBI Launches ‘100 Days 100 Pays’ Campaign to Return Unclaimed Deposits
The Reserve Bank of India (RBI) launched the ‘100 Days 100 Pays’ campaign on June 1 to track and resolve the top 100 unclaimed deposits...
Abrdn Sells 1.6% Stake, Exits HDFC Life Insurance
On May 31, about 3.6 crore shares, or a 1.6% stake, of HDFC Life Insurance changed hands during the block trade window. While it is...