The Reserve Bank of India has kept repo rate unchanged at 6.25% in its second bi-monthly monetary policy review. Reverse Repo rate has been kept unchanged at 6%. The...
The Reserve Bank of India has announced that new one rupee note has been printed by the government and will be soon put into circulation. The one rupee note...
The Reserve Bank of India is set to reconstitute Oversight Committee to operationalise the banking ordinance, which was recently cleared by the Union Cabinet to amend the Banking...
According to RBI, India’s foreign exchange (Forex) reserves have increased by $2.985 billion to touch a lifetime high of $375.71 billion in the week that ended on May 5. The increase was...
The Reserve Bank of India (RBI) has tightened the rules around making the Joint Lenders’ Forum (JLF) more effective, directing banks not to break any rules and to...
According to the Reserve Bank of India’s weekly statistical supplement, India’s foreign exchange (Forex) reserves have increased by $1.594 billion to touch a lifetime high of $372.73 billion...
The Union Cabinet has cleared an ordinance that seeks to amend the Banking Regulation Act to give more powers to Reserve Bank of India to deal with non-performing...
The Reserve Bank of India (RBI) has asked all the existing asset reconstruction companies (ARCs) to have a minimum net owned fund (NOF) of Rs100 crore by March...
According to the Reserve Bank of India’s weekly statistical supplement, India’s foreign exchange (Forex) reserves have increased by $1.25 billion to reach $371.13 billion from $369.88 billion as on...
RBI has come up with a notification titled “Revised Prompt Corrective Action (PCA) framework for banks.” The revised framework would apply to all banks operating in India including...
