Reserve bank of India

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.

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).

India’s CAD Narrows to $9.2 billion in Q1 FY 2023-24

The CAD, which is a key indicator of a country’s economic health, has fallen to US$ 9.2 billion or 1.1% of the GDP in Q1: 2023-24.

RBI imposes monetary penalties on SBI, Indian Bank, Punjab & Sind Bank

The RBI has made it clear that these penalties are a result of lapses in regulatory compliance. They are not meant to pass judgment on the validity of any transaction or agreement made by the banks with their customers.

RBI’s Newest Initiative: A step towards improving customer service in banks

The deputy governor also stressed the importance of top management and customer service committees focusing on fostering a customer-centric approach to maintain customer trust in the banking system.

RBI to phase out I-CRR in stages

“RBI to gradually remove I-CRR, preventing sudden shocks to system liquidity and ensuring orderly functioning of money markets

Industry credit rises by 5.2% YoY in July says RBI data

According to the report, credit to aviation increased by 78.4% year over year to Rs 40,134 crore as of July 28 in the services sector.

RBI authorised Bandhan Bank for disbursing civil pension

Bandhan Bank, one of the fastest growing private sector banks, on Tuesday announced that it has been appointed by Reserve Bank of India (RBI).

Jalgaon Peoples Co-operative Bank & Akola Merchant Co-operative Bank merger approved by RBI

With effect from August 28, the branches of Akola Merchant Co-operative Bank will operate as branches of The Jalgaon Peoples Co-operative Bank, according to an announcement from the RBI.

RBI imposes Rs. 3 lakh penalty on Devika Urban Co-operative Bank

The Reserve Bank of India (RBI) stated that it has imposed a monetary penalty of Rs 3 lakh on Devika Urban Co-operative Bank for rule violations.

RBI keeps Repo Rate unchanged at 6.5%

The Reserve Bank of India, today agreed on keeping the repo rate unchanged at 6.5 per cent.

Indian Rupee will be remaining under pressure after dollar index up move

RBI to issue guidelines to banks for resolving rupee trade issues, boosting exporters’ confidence

Reserve Bank of India takes steps to address exporters' concerns and promote rupee trade

RBI set to conduct 14-day VRRR on worth Rs 1 lakh crore

The auction will take place between 10:30 AM and 11:00 AM and reversal of the funds will initiate on July 28.

IDFC First Bank’s board of directors granted approval for the merger of IDFC Limited and IDFC First Bank

IDFC First Bank and IDFC LTD will combine in a ratio of 155:100.