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RBI imposes monetary penalty on Indian Overseas Bank
Updated : 8 hours, 39 min ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
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RBI extends card tokenisation deadline by three months
Updated : 8 hours, 51 min ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline for card data storage and tokenisation implementation by another three months to September 30, 2022.
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Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 11 hours, 28 min ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 14 hours, 50 min ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 17 hours, 47 min ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI appoints former SBI official Chalasani in advisory committee of Srei G
Updated : 1 day, 7 hours ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 2 days, 5 hours ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 2 days, 6 hours ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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RBI gives 3 more months to banks, NBFCs to comply with certain rules of ca
Updated : 3 days, 5 hours ago IST
Mumbai (Maharashtra) [India], June 21 (ANI): The Reserve Bank of India (RBI) on Tuesday granted three months extension to banks and non-banking financial companies (NBFCs) to comply with certain provisions related to issuing credit and debit cards, including activation of cards without custo
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LIC Housing Finance raises lending rates by 60 basis points
Updated : 4 days, 8 hours ago IST
Mumbai (Maharashtra) [India], June 20 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced an increase in lending rate by 60 basis points or 0.60 per cent which will lead to a jump in EMIs of the company's customers.
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Growth slowing but risk of stagflation in India low: Finance Ministry
Updated : 4 days, 11 hours ago IST
New Delhi [India], June 20 (ANI): There is a "distinct possibility" of widespread stagflation in the world, but in India, the risk of stagflation is low as the country has adopted prudent stabilisation policies, said a report released by the Finance Ministry on Monday.
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DCW request RBI to intervene in Indian Bank's 'anti-women' hiring guidelin
Updated : 4 days, 14 hours ago IST
New Delhi [India], June 20 (ANI): Delhi Commission for Women (DCW) Chairperson Swati Maliwal on Monday issued notice to Indian Bank for alleged 'anti-women' guidelines that prevent pregnant women from joining service declaring them medically 'temporarily unfit' and requested the intervention
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