Private sector Kotak Mahindra Bank on Wednesday said the Reserve Bank has granted its final approval for reducing promoters' stake in the bank to 26 per cent.
Throwing his weight behind Finance Minister Nirmala Sitharaman's budget numbers, Reserve Bank Governor Shaktikanta Das has said that there is no reason to doubt that the government will be able to cut fiscal deficit to 3.5 per cent of the GDP in the fiscal beginning April 1.
Withdrawing cash from bank ATM soon to become costly as India's ATM operators' association has written to the Reserve Bank of India (RBI) seeking a hike in the interchange fee paid by customers.
The relaxation in norms for private sector banks have resulted in a staggering windfall gain of Rs 23,300 crore to Uday Kotak, according to financial analyst Hemendra Hazari.
With massive Rs 1.47 lakh crore of AGR dues pushing telecom firms to the brink, Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is "very closely monitoring" the fallout of the crisis on lenders by way of a default, if any, by telecom players.
Over 80 years after its inception, the Reserve Bank of India (RBI) on Saturday decided to switch to April-March fiscal year from the current July-June format as its accounting year to align with the Central government.
RBI Governor Shaktikanta Das on Saturday said the central bank will have internal discussions in case there are any issues arising out of the Supreme Court order regarding adjusted gross revenue (AGR) dues to be paid by telecom companies.
RBI Governor Shaktikanta Das on Saturday said that the transmission of rate cuts is slowly and steadily improving and it is expected to improve further.
RBI Assistant Prelims 2020: Candidates should note that the RBI Assistant Prelims 2020 exams would be conducted on February 14 and 15, 2020. Lakhs of candidates will appear for the exam to fetch RBI Assistant Recruitment 2019-2020.
A public sector bank has restricted circulation of Rs 2,000 notes and has asked senior management to also not stock them in the bank's ATMs.
Economists and financial experts have welcomed RBI's widely expected status quo on repo rate, and other announcements to spur economic growth and ensure money supplies effectively. The RBI on Thursday kept the key policy rate unchanged at 5.15 per cent.
The Reserve Bank of India has tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits. The move will encourage lending towards these targeted sectors having multiplier effect by banks as they will get exemption in CRR over incremental lending.
Reserve Bank of India (RBI) announced that repo rate remained unchanged at 5.15% and maintained accommodative stance.
RBI pegged India's growth rate in the next financial year at 6% and 5% in the current fiscal and decided to maintain the status quo on the benchmark interest rate.
RBI Monetary Policy: The Reserve Bank of India maintained its status quo by keeping repo rate unchanged at 5.15 per cent saying it will continue with the accommodative stance as long as it takes.
The Budget does not provide any counter-cyclical stimulus to boost consumption, and the Reserve Bank will have to do the heavy lifting to boost growth by cutting rates, the country's largest private sector lender HDFC Bank said on Wednesday. The budget announcements are also not inflationary in nature, and the Reserve Bank can cut rates as early as in the June review, it said.
Deposit insurance was static at Rs 1 lakh since 1993. The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI.
RBI jobs: A two-member delegation of the Reserve Bank Employees' Association on Tuesday met West Bengal Chief Minister Mamata Banerjee over the "discriminatory" recruitment sanction for the state.
RBI Assistant Admit Card 2020: The Reserve Bank of India has released the RBI Assistant Admit Card today. Students should read on to know the steps to download their RBI admit card. A direct link to download the RBI Assistant Admit Card 2020 has also been provided.
The RBI in a release said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had "failed to exercise ongoing due diligence" with regards to 39 current accounts opened by its customers for bidding in Initial Public Offer.
Top News
Latest News
