PNB flags Rs 270.57 crore fraud at Gupta Power Infrastructure
According to the bank’s disclosure to stock exchanges the bank has already made full provisions of ₹270.57 crore as per the prescribed prudential norms.
Reserve Bank of India (RBI)
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RBI fines Bank of Baroda and Citibank for non-compliance
RBI imposes 4 crore penalty on Bank of Baroda and 5 crore penalty on Citibank
RBI takes control of Abhyudaya Cooperative Bank amid governance concerns
RBI issued a press release on November 24 announcing that RBI has taken charge of Abhyudaya Cooperative Bank Ltd.
Bajaj Finance Ltd. penalized for not complying with RBI guidelines
Bajaj Finance Limited has been penalized by the RBI for failing to adhere to certain guidelines. The financial penalty, which totals ₹2.50 crore, was levied on January 5, 2021.
RBI raises Rs. 10,000 crore with 50-year bonds at 7.46%
The coupon rate of 7.46% is higher than the current yield on 10-year government securities, making it an attractive investment for those looking for long-term, stable returns.
RBI imposes ₹12.19 crore penalty on ICICI Bank for regulatory breaches
The Reserve Bank of India (RBI) has taken strict measures against ICICI Bank Ltd., imposing a monetary penalty of ₹12.19 crore.
RBI fines Paytm Payments Bank ₹5.39 crore for regulatory breaches
The Reserve Bank of India (RBI) has fined Paytm Payments Bank Limited ₹5.39 Crore.
RBI monetary policy ‘prudent’ and on expected lines, say experts
Terming the RBI's monetary policy as prudent, banking experts and sector-watchers have said that the status quo on policy repo rate is largely on expected lines.
MPC holds steady on unchanged Repo Rate at 6.5%, FY24 Inflation target set at 5.4%
RBI Governor Shaktikanta Das declared on Friday that the MPC has opted to maintain the repo rate at 6.50%.
RBI appoints Shri Muneesh Kapur as new Executive Director
As per the latest announcement made by the Reserve Bank of India (RBI), it has now appointed Shri Muneesh Kapur as the Executive Director (ED).
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