Deccan Urban Co-op Bank: RBI puts Rs 1,000 withdrawal limit for next 6 months
The Reserve Bank of India has put restrictions on the Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits on Friday (February 19). The Deccan Urban Co-operative Bank Ltd has been prohibited from making any fresh investments or incur any liability without taking permission from the Reserve Bank of India.
Feb 20, 2021, 11:08 AM IST
COVID-19: Odisha Govt requests RBI to ensure availability of sufficient cash in banks, ATMs
Special Secretary-cum DIF, Government of Odisha, wrote a letter to Regional Director RBI in this regard.
Mar 21, 2020, 07:21 AM IST
Budget 2020 may push back fiscal deficit MTFP target
As per the medium-term fiscal policy cum fiscal policy strategy statement tabled in Parliament, the government is aiming to contain the fiscal deficit at 3.4 per cent in the current as well as the next fiscal, and then bring it down to 3 per cent in 2020-21.
Indian government to seek RBI dividend boost as revenue drops
The fresh call comes just months after the RBI approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.
Jan 10, 2020, 19:03 PM IST
RBI focus on financial stability regulations framework: Governor Shaktikanta Das
Das said in his remarks at the Third Suresh Tendulkar Memorial Lecture, hosted by the central bank.
Jan 08, 2020, 20:23 PM IST
RBI allows banks to trade in forex outside market hours
Dealers hailed the move as a step in the right direction to help traders hedge their bets on the domestic front.
Jan 06, 2020, 23:41 PM IST
RBI cuts key rate by 0.25%; to lower home, auto EMIs
In line with record low retail inflation, the RBI Governor headed Monetary Policy Committee (MPC) cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.
Aug 02, 2017, 14:52 PM IST
No steps taken for launching Sharia-compliant mutual funds in India: RBI
The RBI had in February last year sent a copy of the IDG report to the Finance Ministry.
Jul 30, 2017, 16:34 PM IST
Low inflation to encourage RBI to cut rates next week
Inflation eased to its slowest pace in more than five years in June.
Jul 28, 2017, 12:41 PM IST
Arun Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha
Moving on fast-track, the RBI had in June identified 12 large loan defaulters who account for 25 percent of the total bad loans in the banking sector.
Jul 24, 2017, 16:54 PM IST
Money flow into financial savings increased post note ban: Viral Acharya
However, the Harvard professor said it will take years to judge the full impact of India`s demonetisation move in accelerating electronic payments and the larger picture is that the government has done much to promote financial inclusion.
Jul 22, 2017, 17:19 PM IST
Bad loans: SC gives RBI a week to reply on expert panel report
The apex court had in November last year observed that the disclosure of names of big loan defaulters who owe Rs 500 crore and more to banks, would not lead "anywhere" as the important issue was to address "root cause" of accumulation of the non-performing assets (NPAs).
Jul 17, 2017, 20:29 PM IST
