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Reserve position in the IMF expanded by $42 million to $4.83 billion for the week ended November 17

India’s forex reserves surge by $5 billion in a week

PGurus Newsdesk - November 25, 2023 0

India’s forex reserves rise by $5.08 billion to $595 billion: RBI data India's foreign exchange reserves increased by $5.077 billion to $595.397 billion for the...

Penalty imposed on Shree Lodra Nagarik Sahakari Bank Ltd, Malpur Nagarik Sahakari Bank Ltd and Limbasi Urban Co-operative Bank Ltd

Banking

RBI imposes fine on 3 Gujarat banks for violating norms

PGurus Newsdesk - November 7, 2023 0

RBI action taken against the banks is based on deficiencies in regulatory compliance The Reserve Bank of India (RBI) has imposed monetary penalties on three...

A special scrutiny report and a comprehensive system audit report has revealed non-compliance with norms by Paytm Payments Bank

Banking

RBI imposes fine on Paytm Payments Bank for breach of norms

PGurus Newsdesk - October 13, 2023 0

RBI slaps Rs.5.4 cr fine on Paytm Payments Bank over non-compliance of guidelines related to KYC, cybersecurity Paytm Payments Bank has been imposed with a...

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...