RBI

Central banks should not mandate to buy only ‘green bonds’: Raghuram Rajan

Ajay Kumar becomes new Executive Director of RBI

Kumar has been working in RBI for over 30 years in departments like foreign exchange, banking supervision, financial inclusion, currency management.

IBA seeks license from RBI to establish Rs 6,000 crore bad bank: Report

As per the sources, the company after settling an initial capital of Rs 100 crore and completing other legal formalities has moved ahead to the RBI seeking a license to accomplish an asset reconstruction business.

ICIC Bank gained over 1.3 million credit cards since December 2020

While SBI profited a total of 748,707 cards, which is estimated to be12.04 million and Axis bank to have 252,145 cards, which runs up to a total evaluation of 7.13 million.

G-SAP 2.0: RBI to buy up to Rs 25,000 crore of 5 gilts on August 26

The gilts issued would be made by the central bank on August 26, the report read. This news floats in about a month after the RBI purchased government bonds via., the open market of Rs 20,000 crore.

HDFC Bank share prices jump 3% after RBI eases restrictions

“We wish to inform you that the RBI vide its letter dated August 17, 2021, has relaxed the restriction placed on sourcing of new credit cards. The Board of Directors of the Bank has taken note of the said RBI letter," the bank said in an exchange filing. 

RBI lifts innovation prohibition on HDFC Bank

The RBI has permitted HDFC Bank to source new charge cards according to a letter shipped off the bank on August 17.

RBI cancels licence of Karnala Nagari Sahakari Bank of Maharashtra

The bank’s licence was cancelled by RBI through an order dated August 9, 2021.

RBI may increase interest rates by the start of FY22: Report

The central bank has been keeping the status quo on policy and continuing with the accommodative stance to help revive GDP growth.

How RBI’s new rule to penalize banks will ensure adequate cash in ATMs?

The new rule will be effective from October 1, 2021. Cash-out at any ATM of more than ten hours in a month will attract a flat penalty of Rs. 10,000 per ATM.

RBI increases gold purchase in this year, reserves cross 700 tonnes

Central banks across the world had cumulatively purchased 32 tonnes of gold while India’s share alone stood at around 9.4 tonnes.

RBI imposes monetary penalty of Rs 1 crore on Cooperateive Robobank

Last month, RBI had imposed a monetary penalty on 14 banks.

RBI imposes Rs 10 lakh of monetary penalty on Gadhinglaj Urban Co-operative Bank

Earlier, RBI had imposed a monetary penalty of ₹5 crore on Axis Bank.

Fuel price situation is constantly monitored by government: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday told Parliament that the government is keeping an eye on the fuel prices while having taken several steps to control inflation.

Weekly Roundup: A glance at how BSE & Nifty 50 performed

Nifty and BSE reached a record high of 16,349 and 54,717. BSE Largecap index hit a new high of 6308.32. The repo rates and reverse repo rates remain unchanged, according to the new monetary policy.