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RBI imposes Rs 30 lakh penalty on Janata Sahakari Bank, Pune

The RBI on Monday said a penalty of Rs 30 lakh has been imposed on Janata Sahakari Bank Ltd, Pune for non-compliance with certain directions

Oil drives Indian rupee lower, 10-year yield to 18-month high

India imports 80% of its oil needs and high prices result in increased imported inflation and have a spiralling impact on the prices across other sectors.

Rupee slumps 37 paise to close at 15-month low of 75.36 against US dollar

Rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment.

ICAI against exempting small firms from mandatory statutory audit

Says NFRA has no jurisdiction over MSMEs

FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

Global climate action: Indian banks need to accelerate green financing

Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects

RBI's fourth regulatory sandbox cohort is on prevention of financial frauds

The RBI has also decided to facilitate on-tap applications for themes of cohorts earlier closed

RBI-speak: Don't want to rock the boat when shore is visible, says Das

'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'

Monetary policy review: Liquidity step was needed, says Bond St

The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system

RBI begins policy normalisation; maintains status quo on rates

Retains accommodative stance, FY22 growth forecast; lowers inflation projection

RBI monetary policy: Report pegs FY23's economic growth at 7.8%

Survey shows inflation to soften further

Industrial loan growth turns negative in 2020-21 due to Covid: RBI data

Industrial loan growth, which has been decelerating during the last decade, turned negative for the first time during 2020-21 as economic activity slowed down in the aftermath of the Covid-19 pandemic

Loan scam: CBI charge sheet against ex-Yes Bank MD Rana Kapoor, wife

The CBI has filed a charge sheet against former Yes Bank managing director and CEO Rana Kapoor, his wife Bindu and promoter of Avantha Group Company Gautam Thapar

Bank of Maharashtra launches digital lending platform for home, car loans

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers.

Forex reserves down by $1.169 billion to $637.477 billion

The country's foreign exchange reserves dipped by $1.169 billion to stand at $637.477 billion in the week ended October 1, RBI data showed on Friday

'Don't want to rock the boat': What MPC said after keeping rates unchanged

At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.

Reviewing scheme to penalise banks for dry ATMs, says RBI

The scheme, which is aimed at ensuring availability of sufficient cash for the public through ATMs, has come into effect from October 1, 2021.

Indian Rupee slumps 20 paise to close at 74.99 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15.

RBI dy guv says big tech's financial sector play in India under watch

Both Google Pay and Amazon have announced partnerships with lenders to accept deposits in the country through their mobile phone apps.

RBI keeps all liquidity windows for states open till Mar-end

Since the beginning of tpandemic and resultant higher borrowings, states have been paying higher interest to their bondholders trending close to 7 per cent all so far this fiscal.

IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor

In addition, the Reserve Bank also proposed to introduce a framework for retail digital payments in offline mode across the country

RBI Monetary policy LIVE: IMPS per transaction cap raised to Rs 5 lakh

RBI Monetary policy LIVE updates: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates

RBI keeps rates on hold to support recovery, 'sail towards normal times'

Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%

RBI Monetary policy LIVE: RBI likely to hold rates, target liquidity

RBI Monetary policy LIVE updates: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates

RBI Monetary policy LIVE: Will RBI leave rates unchanged, target liquidity?

RBI Monetary policy LIVE updates: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates

RBI Monetary policy LIVE: RBI may leave rates unchanged, target liquidity

RBI Monetary policy LIVE updates: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates

EXIM Bank plans to raise about $1 billion through bonds in January

Looks to transfer nine a/cs worth Rs 780 crore to NARCL

Small ticket personal loans delinquencies shoot up in FY21, NBFCs most hit

Small ticket personal loans segment has witnessed a huge surge in asset quality stress for lenders in the pandemic-affected FY21, with NBFCs taking the maximum brunt

Banks need to accelerate green lending for sustainable growth: SBI chief

Banks have always been the backbone of India's economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate green lending, said SBI Chairman Dinesh Khara

State-run Bank of Baroda reduces home loan rates by 25 bps to 6.5%

State-run Bank of Baroda on Thursday said it has reduced its home loan rate by 25 basis points (bps) to 6.50 per cent from 6.75 per cent.

Rupee rises 22 paise to 74.76 against US dollar in early trade

The Indian rupee appreciated 22 paise to 74.76 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities. At the interbank foreign exchange, the rupee opened at 74.77 against the dollar, then inched higher to 74.76 re

Fintech's 'buy now, pay later' credit for kiranas is changing livelihoods

Even small shops can now access large and organised wholesalers, as they buy credit responsibly.

Goals of audit, executive are common: CAG Girish Chandra Murmu

Comptroller and Auditor General of India (CAG) G C Murmu on Wednesday said the audit and the executive are on the same side of table and their goals are common

RBI to keep key interest rates unchanged: HDFC Bank chief economist

The Reserve Bank is likely to leave the key interest rates unchanged at its fourth bi-monthly policy review, according to HDFC Bank Chief Economist Abheek Barua

Rupee at 74.98 against USD, bond mkt shrugs off Moody's outlook upgrade

Rupee's closure on Wednesday was the lowest since April 23 this year

Rupee touches 75 against USD, bond mkt shrugs off Moody's outlook upgrade

Rupee's closure is the lowest since 23 April this year

Affordable housing finance cos loan book grows 10% in June: Report

The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021

Indian rupee hits 5-1/2-month low; bonds fall on oil price surge

The rupee fell for a third straight session, shedding 0.7%, its biggest single-day loss since June 17

Rupee, bonds continue to fall despite Moody's outlook revision to stable

The government and the RBI have been engaging with global bond index providers such as Bloomberg, JP Morgan and FTSE for inclusion of government bonds
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