RBI Archives - PGurus

Penalty of Rs.1.3 cr was imposed on SBI, Rs.1.62 cr on Indian Bank, Rs.1 cr on Punjab & Sind Bank, and Rs.8.80 lakh on Fedbank Financial Services

Banking

RBI fines SBI, Indian Bank, Punjab & Sind Bank, Fedbank Financial...

PGurus Newsdesk - September 26, 2023 0

RBI imposes penalty worth Rs. 4.7 cr on SBI, 3 others; cancels Kapol Co-operative Bank licence The Reserve Bank of India (RBI) slapped fines on...

The timeline and place of return of original movable or immovable property documents will be mentioned in the loan sanction letters issued on or after the effective date

Banking

RBI directs banks to return property papers within 30 days of...

PGurus Newsdesk - September 13, 2023 0

RBI introduces guidelines for timely release of property papers to borrowers after loan repayment Reserve Bank of India (RBI) has issued guidelines for banks related...

It is important to draw a distinction between a freebie and a welfare scheme—especially with regard to how that impcacts the economy

Law and Order

With election season around the corner, SC mulls Revdi culture &...

PGurus Newsdesk - September 3, 2023 2

Need to draw a line between revdi culture and welfare schemes As Rajasthan, Madhya Pradesh, Telangana, and Chhattisgarh gear up for Assembly polls, it is...

The government and the RBI are comfortable in holding on to their 2023-24 GDP growth forecast of 6.5%

Economy

India’s GDP growth towers over several economies: Chief Economic Adviser

PGurus Newsdesk - September 1, 2023 0

GDP growth prospects bright, private capex takes off, says CEA Nageswaran Even as the GDP growth for the first quarter of the current fiscal stood...

The economic data due up from the US, Europe and China, and the policy announcements due very soon would determine the trajectory of markets

Finance

Investors await RBI monetary policy in the coming week

PGurus Newsdesk - August 6, 2023 0

Market outlook: Investors in a wait-and-watch mode ahead of RBI MPC meet Investors are awaiting the upcoming MPC meeting, where the RBI is expected to...

Card issuers and card networks shall ensure that they would follow the existing agreements at the time of amendment or renewal

Banking

RBI issues draft circular on issuance of debit, credit cards and...

PGurus Newsdesk - July 6, 2023 0

RBI's draft norms allow customers to switch card networks The Reserve Bank of India (RBI) on Wednesday issued a draft circular on the issuance of...

Most of the Rs.2000 notes have returned through deposits, says RBI

Banking

76% of total Rs.2000 denomination notes in circulation returned to banks:...

PGurus Newsdesk - July 4, 2023 0

RBI says 76% of Rs.2000 notes, worth Rs.2.72 lakh cr, received by banks since May 19 The Reserve Bank of India (RBI) has said that...

In case of loss of property documents, the bank will be obligated to assist in obtaining certified registered copies of documents at their cost but also compensate the customer adequately

Banking

RBI may slap penalties on banks that lose property papers of...

PGurus Newsdesk - June 11, 2023 0

RBI panel suggests penalty for home loan providers on loss of borrowers' documents If the Reserve Bank of India (RBI) accepts the recommendations of a...