RBI,

RBI instructs DICGC to create risk based system to raise deposit insurance cover for customers

RBI instructs DICGC to create risk based system to raise deposit insurance cover for customers

After deciding that the deposit insurance cover needs to be raised, The Reserve Bank of India (RBI) has instructed its subsidiary Deposit...Read More

The trust deficit that is India, writes Carol Andrade

The trust deficit that is India, writes Carol Andrade

One was a heart attack, the other a suicide. One was caused by the unbearable stress of trying to figure out how to get enough funds to l...Read More

‘Policy space exists to solve growth concerns’

‘Policy space exists to solve growth concerns’

In 2019, the Reserve Bank of India (RBI) has delivered 135 basis points (bps) of cuts in its key lending rate. Das, according to the minu...Read More

83-year-old perishes in eternal PMC wait, needed funds for bypass surgery

83-year-old perishes in eternal PMC wait, needed funds for bypass surgery

Dhara, a resident of Mulund Colony, was a tea-seller. According to his relatives, Dhara had been suffering from a heart-related ailment f...Read More

Where can senior citizens invest when deposit rates are falling

Where can senior citizens invest when deposit rates are falling

The Reserve Bank of India (RBI) has cut the repo rate five times in 2019. Banks are following suit have cut interest rates on loans as we...Read More

SC refuses to entertain plea on insuring PMC Bank customers

SC refuses to entertain plea on insuring PMC Bank customers

A bench headed by Chief Justice Ranjan Gogoi asked the petitioner to approach high court for seeking relief on his plea.

PMC Bank scam: Bank assures to protect depositors interest; meets RBI

PMC Bank scam: Bank assures to protect depositors interest; meets RBI

Mumbai: Amid instances of deaths and also a suicide, of depositors, troubled PMC Bank's administrator met RBI brass including Governor Sh...Read More

No notes of Rs 2000 have been printed in this financial year: RTI Reply

No notes of Rs 2000 have been printed in this financial year: RTI Reply

After the demonitisation move on 8th November 2016, the government banned on the then existing Rs. 500 and Rs. 1000 notes and issued Rs....Read More

Despite inflation rise, analysts see RBI cutting rates in December

Despite inflation rise, analysts see RBI cutting rates in December

Mumbai: The Reserve Bank will continue to be accommodative and deliver one more rate cut in the December policy review despite the "surpr...Read More

LVB fined Rs 1 cr, Syndicate Bank fined Rs 75 lakh by RBI for violating norms

LVB fined Rs 1 cr, Syndicate Bank fined Rs 75 lakh by RBI for violating norms

Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certai...Read More

More relief for PMC Bank customers, RBI hikes withdrawal limit to Rs 40,000

More relief for PMC Bank customers, RBI hikes withdrawal limit to Rs 40,000

New Delhi: The Reserve Bank of India (RBI) has enhanced the withdrawal limit for depositors of Punjab and Maharashtra Cooperative (PMC) B...Read More

PMC Bank scam: Bank MD Joy Thomas also siphoned off RS 10 crore from treasury for his own purpose

PMC Bank scam: Bank MD Joy Thomas also siphoned off RS 10 crore from treasury for his own purpose

The revelation came during the on-going scrutiny of the bank’s records, which is being carried out under the supervision of the RBI-appoi...Read More

Care revises rating on LVB's commercial papers to BB+ with negative outlook

Care revises rating on LVB's commercial papers to BB+ with negative outlook

Mumbai: Care Ratings has revised the rating of troubled private sector lender Lakshmi Vilas Bank's (LVB's) commercial papers worth Rs 618...Read More

PMC Bank Scam: FM says RBI assured depositors top priority

PMC Bank Scam: FM says RBI assured depositors top priority

Finance Minister Nirmala Sitharaman on Saturday said the Reserve Bank of India has assured her that the central bank will keep concerns o...Read More

With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: IHFL

With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: IHFL

On Wednesday, the Reserve Bank had rejected a proposal to merge Indiabulls Housing Finance Ltd (IBHFL) with the Tamil Nadu-based troubled...Read More

DA hike may boost festive small ticket durables consumption: ICRA

DA hike may boost festive small ticket durables consumption: ICRA

New Delhi: The 5 per cent DA increase for the government employees and pensioners could result in a mild rise of their disposable incomes...Read More

RBI gives nod to proposal of merging district co-operative banks to form Kerala Bank

RBI gives nod to proposal of merging district co-operative banks to form Kerala Bank

Thiruvananthapuram: The Kerala government's long pending dream of setting up its own bank, by merging district co-operative banks, is all...Read More

Government giving sector-specific solutions to fight slowdown: FM Nirmala Sitharaman

Government giving sector-specific solutions to fight slowdown: FM Nirmala Sitharaman

Hinting at other measures like steps to improve exports, easing credit, making more money available by early repayments to vendors and fr...Read More

Economic Slowdown: Moody's cuts India’s FY'20 GDP growth forecast to 5.8%

Economic Slowdown: Moody's cuts India’s FY'20 GDP growth forecast to 5.8%

New Delhi: Moody's Investors Service on Thursday slashed its 2019-20 GDP growth forecast for India to 5.8 per cent from 6.2 per cent earl...Read More

DeMo akin to 200 bps rate hike, cut 2% growth: IMF

DeMo akin to 200 bps rate hike, cut 2% growth: IMF

The Reserve Bank of India has since February 2019 delivered a 135 basis point rate cut in order to revive economic activity which fell to...Read More

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