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RBI imposes fine on 3 Gujarat banks for violating norms

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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...

Total value of Rs.2000 notes in circulation drop to Rs.0.1 lakh...

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RBI reveals over 97% of Rs.2000 notes returned, Rs.10,000 cr worth notes still in circulation The Reserve Bank of India (RBI) has said that the...

Civil society forum writes to Governor of RBI seeking information security...

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Forum asks RBI Governor Shaktikanta Das for bank security auditors Given the rising number of incidents involving online bank frauds due to the misuse of biometrics...

For the 4th consecutive time, RBI leaves repo rate unchanged with...

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RBI keeps repo rate unchanged at 6.5% The Reserve Bank of India (RBI), as was widely expected, left the key lending rate unchanged at a...

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

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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...

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

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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...

RBI to discontinue I-CRR requirement for banks, funds to be released...

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RBI decides to withdraw incremental cash reserve ratio by October 7 in a phased manner The Reserve Bank of India (RBI) has decided to discontinue...

G20 Summit: RBI to highlight digital payments infrastructure; central bank digital...

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RBI to showcase innovative financial technologies at G20 Summit The Reserve Bank of India (RBI) will highlight its digital payments infrastructure at the forthcoming G20...

India’s FY24 GDP growth rate predicted in 6-6.5% range

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India's macroeconomic stability indicators to improve in FY24 India’s economic growth for 2023-24 is estimated to be in the band of 6-6.5 percent by experts...

Economy gathering momentum in Q2: RBI

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Fixed investment in India responds positively to higher GDP growth, real non-food credit growth, and economic policy certainty In a monthly bulletin for August 2023,...

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