reserve bank of india

The Bombay High Court has adjourned hearing in the Kotak Mahindra Bank versus Reserve Bank of India (RBI) case to January 9, 2020, citing “paucity of time”.

The resolution of 40,000 MW of stressed power projects has come to a standstill with lenders turning reluctant to engage with investors in the absence of fresh directions from the Reserve Bank of India.

The Reserve Bank of India has proposed that fintech start-ups could set up regulatory sandbox or live-testing of innovative products and services in segments such as retail payments, money transfer, artificial intelligence and data analytics in the financial sector.

The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned the hearing on the matter of the debt-ridden IL&FS to April 29.

Global growth is slowing down. For the current calendar year estimates of global growth have been cut by 20 basis points to 3.3 per cent.

The Indian economy may be moving towards a slowdown as the country has off-late witnessed a drop in several key economic indicators, experts said.

Denying reports of it approving the merger of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Ltd (IHFL), the Reserve Bank of India.

To set the record straight about the recent Supreme Court order, Reserve Bank of India (RBI), Governor, Shaktikanta Das said that the apex court has not curtailed their powers but quashed the(February) circular on stressed asset resolution.

The Reserve Bank of India on Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation.

In Madhya Pradesh over 540 ATMs have been shutdown between 2017 and 2018 as per the data of Reserve Bank of India.
Most affected are the small banks, as they have discontinued the vendor services due to increasing upkeep costs.