RBI has allowed banks to shift, merge or close branches in urban areas
The Reserve Bank of India (RBI) has given the permission to banks to shift, merge or close all branches except rural branches and sole semi-urban...
Tag : Reserve Bank Of India
RBI has kept repo rate unchanged at 7.25%, CRR also unchanged
The Reserve Bank of India (RBI) governor Raghuram Rajan has kept both the repo rate and cash reserve ratio (CRR) unchanged. RBI said, “Given that policy...
RBI has issued Rs 100 notes with new numbering pattern
The Reserve Bank of India said on Thursday that it has issued Rs 100 denomination banknotes in the Mahatma Gandhi Series -2005 with a new numbering...
RBI allows FIIs to buy more shares in Axis Bank
On Wednesday, the Reserve Bank of India has allowed foreign investors to buy further shares in the private lender Axis Bank as the stipulated limit...
RBI cuts the repo rate by 25 bps, keeps the CRR unchanged at 4%
On Tuesday, Raghuram Rajan, the Governor of Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 7.25% from 7.5%...
RBI imposed Rs 4.5 crore penalty on Dena Bank, OBC and Bank of Maharashtra for violation of certain norms
On Wednesday, The Reserve Bank of India imposed Rs 1.5 crore penalty on each three banks, Dena Bank, Oriental Bank of Commerce and Bank of...
To safeguard the borrowers, the RBI has proposed tough outsourcing norms for NBFCs
On Friday for the purpose of safeguarding the borrowers, the Reserve Bank of India (RBI) has proposed tough guidelines for outsourcing of work by NBFCs...
RBI keeps repo rate unchanged at 7.5%
The Reserve Bank of India has kept the repo rate unchanged at 7.5% in its monetary policy review on Tuesday. The Cash Reserve Ratio is...
RBI toughens rules for takeovers involving NBFCs
The Reserve Bank of India has planed tougher rules for takeovers involving non banking financial companies (NBFCs), all the substantial deals seek its prior approval....