RBI,

Non-food credit growth slows to 6.8% in May

Non-food credit growth slows to 6.8% in May

The outstanding incremental non-food credit stood at Rs 90.3 lakh crore as of May 22, 2020, as against Rs 84.51 lakh crore on May 24, 2019.

RBI may opt for loan recast for select sectors

RBI may opt for loan recast for select sectors

The Indian Banks' Association (IBA) and many other bodies have made representation to both the government and the RBI for the one-time re...Read More

It’s official: 1,482 urban cooperative banks and 58 multi-state cooperative banks now under RBI supervision

It’s official: 1,482 urban cooperative banks and 58 multi-state cooperative banks now under RBI supervision

President Ram Nath Kovind has promulgated the Banking Regulation (Amendment) Ordinance, 2020 to bring all urban cooperative banks and mul...Read More

GPay is an authorised Third Party App Provider and fully protected, says NPCI

GPay is an authorised Third Party App Provider and fully protected, says NPCI

Over the last few days, there was a series of misinformed reports that suggested that Google Pay (GPay) is an unauthorised application (i...Read More

Cooperative banks to be brought under RBI supervision

Cooperative banks to be brought under RBI supervision

Urban cooperative banks and multi-state cooperative banks will be brought under the RBI supervision process applicable to commercial bank...Read More

Google Pay says it works with banks to allow payments via UPI, transactions fully protected

Google Pay says it works with banks to allow payments via UPI, transactions fully protected

New Delhi: Google Pay on Wednesday said it works with banks to allow payments via UPI, and all transactions made through its platform are...Read More

RBI does not recognise Google Pay as a payment system operator

RBI does not recognise Google Pay as a payment system operator

The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate a...Read More

Google Pay not a payment system operator: RBI to Delhi High Court

Google Pay not a payment system operator: RBI to Delhi High Court

New Delhi: The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does no...Read More

SC to Centre, if moratorium is announced, ensure benefits for customers

SC to Centre, if moratorium is announced, ensure benefits for customers

Solicitor General Tushar Mehta, representing the Centre, contended before the court that the interest waiver would have an adverse effect...Read More

RBI proposes changes in regulations for HFCs

RBI proposes changes in regulations for HFCs

The step is aimed at strengthening the capital base mainly of small housing finance companies (HFC), the RBI said while releasing the pr...Read More

RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

RBI proposes 10 yrs cap on term of bank promoters functioning as CEO

According to the RBI paper, a promoter or major shareholder of a bank may continue as CEO or whole-time director for a maximum period of ...Read More

COVID-19 in India: Delhi HC seeks reply of Centre, RBI and others on restructuring of loans

COVID-19 in India: Delhi HC seeks reply of Centre, RBI and others on restructuring of loans

Delhi High Court has issued notice to the Central government, Reserve Bank of India (RBI) and others on a plea seeking directions to allo...Read More

Allow banks to disburse loans to Amrapali home buyers, SC to RBI

Allow banks to disburse loans to Amrapali home buyers, SC to RBI

"In view of current social and economic conditions, the court may direct the RBI to keep its circulars/guidelines relating to NPA in abey...Read More

RBI proposes comprehensive framework for sale of loans

RBI proposes comprehensive framework for sale of loans

Loan sales may be resorted to by lenders for any reasons ranging from strategic sales to rebalance their exposures or as a means to achie...Read More

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

Interest-free moratorium will lead to loss close to 1% of GDP: RBI to SC

The Reserve Bank of India has opposed waiving off the interest during the moratorium period, insisting that the aim and object of allowin...Read More

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

Economic aspect not higher than people's health: SC after RBI says interest waiver will affect banks

The top court on Thursday expressed strong displeasure over the way the RBI is treating people who had taken loans and wanted a waive off...Read More

Promoter Uday Kotak to sell 2.8 per cent stake in Kotak Mahindra Bank for at least Rs 6,800 crore

Promoter Uday Kotak to sell 2.8 per cent stake in Kotak Mahindra Bank for at least Rs 6,800 crore

Billionaire banker Uday Kotak, who had a long run-in with the Reserve Bank over his excess personal holding in Kotak Mahindra Bank, will ...Read More

RBI fines Bank of India, Karnataka Bank and Saraswat Co-operative Bank

RBI fines Bank of India, Karnataka Bank and Saraswat Co-operative Bank

The Reserve Bank of India (RBI) has imposed penalty on three banks — Bank of India, Karnataka Bank and Saraswat Co-operative Bank Ltd. Th...Read More

RBI imposes penalty on Bank of India, Karnataka Bank

RBI imposes penalty on Bank of India, Karnataka Bank

Mumbai: The Reserve Bank on Thursday said it has imposed a penalty of Rs 5 crore on state-owned Bank of India for non-compliance with cer...Read More

‘Another cruel blow to citizens’: Chidambaram attacks govt for discontinuing RBI Bonds scheme

‘Another cruel blow to citizens’: Chidambaram attacks govt for discontinuing RBI Bonds scheme

New Delhi: Senior Congress leader P Chidambaram on Thursday hit out at the government for discontinuing the RBI Bonds scheme, saying it i...Read More

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