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RBI sees impact of deadly coronavirus on tourism, trade

Amidst rising toll from the deadly coronavirus in China and the infection spreading fast, the Reserve Bank of India (RBI) on Thursday said that...

India’s forex reserves rise by $456 mn to over $454.9 bn

India's foreign exchange reserves continued their upward trajectory during the week ended December 20 to touch a new record high. The Reserve Bank of India's...

RBI suggests Fin Min to align small savings rate

Ahead of the announcement of interest rates on small savings schemes for the January-March quarter by December 31, the RBI has asked the Finance...

RBI introduces new prepaid payment instrument

The Reserve Bank has introduced a new type of prepaid payment instrument (PPI) which could be used only for purchase of goods and services...

Equities trade higher in opening deals ahead of RBI policy decision

Indian share market nudged higher in opening deals on Thursday, helped by hopes of a rate cut by the Reserve Bank later in the...

No NEFT charges for savings account holders from January 2020, RBI...

The Reserve Bank of India (RBI) has mandated banks not to charge savings account holders for NEFT with effect from January 2020. The RBI said earlier that...

PMC Bank muddle claims 5th victim; RBI move likely on Oct....

Mumbai: The ongoing Punjab & Maharashtra Cooperative Bank Ltd. muddle claimed its fifth victim a week on Saturday amidst speculation that the Reserve Bank...

FM takes up PMC Bank customers’ issues with RBI Governor

Finance Minister Nirmala Sitharaman has raised the worries of the Punjab and Maharashtra Cooperative (PMC) Bank customers about their money with Reserve Bank of...

World trade is likely to slow down further in 2019: RBI

The Indian economy, which is already witnessing a slowdown, may be hit further with the world trade expected to drop further, according to the...

More measures, transmission expected to prop-up growth: RBI Oct MPR

Government measures to boost growth along with faster resolution of stressed assets, and further transmission of past monetary policy easing are expected to accelerate...

RBI Central Board reviews economic situation, coop banks

The Reserve Bank of India's (RBI) Central Board met in Chandigarh on Friday and reviewed the current economic situation, global and domestic challenges and...

Will make amendments if they help in better regulation: FM Nirmala...

Facing flak from several quarters on the PMC Bank fraud case, Finance Minister Nirmala Sitharaman on Thursday said that if amendments help in better...

RBI rate cuts benefit only home, car buyers, not us: MSMEs

The Reserve Bank of India (RBI) has delivered steady rate cuts but micro, small and medium enterprises (MSMEs) still complain of banks not passing...

RBI cuts rates by 0.25% to support growth

The Reserve Bank on Friday cut its key rates by 0.25 per cent to boost economy from six-year low saying reduction was necessary to...

Loan irregularities at PMC Bank raises question on role of RBI,...

The loan irregularities at the Punjab and Maharashtra Co-operative (PMC) Bank raises questions on the roles of regulator (RBI), auditor, independent directors and bank...

Lakshmi Vilas Bank’s stocks slump 5% as RBI initiates PCA

Shares of Lakshmi Vilas Bank hit the 5 per cent lower circuit on Monday after the Reserve Bank of India (RBI) initiated Prompt Corrective...

RBI puts Lakshmi Vilas Bank under Prompt Corrective Action

Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account...

Relief to PMC bank customers: RBI allows to withdraw Rs 10,000

In a relief to the harried customers of crisis-hit Punjab & Maharashtra Cooperative Bank, the Reserve Bank Thursday increased the cash withdrawal limit to...

RBI slaps 6-month sanctions on PMC Bank, creates panic

Dealing a pre-festival season bolt to lakhs of unsuspecting customers, the Reserve Bank of India on Tuesday barred the Punjab & Maharashtra Cooperative (PMC)...

RBI bars PMC Bank from business transactions for 6 months

Mumbai: The Reserve Bank of India has barred the Punjab & Maharashtra Cooperative Bank Ltd, Mumbai from carrying out a majority of its routine...

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