"reserve-bank-of-india"

The central bank said that the penalty has been imposed in the exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

Police said that the sender in the email demanded the resignation of RBI governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.

The book, which he has co-authored with economist Rohit Lamba, provides a reality check on the processes and approaches adopted in India.

The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was Saturday (October 7).

The Indian government plans to borrow Rs 20,000 crore through green bonds in the current financial year

Telangana was ranked among the top three in terms of the capital expenditure during last two fiscals

Additionally, the meeting encompassed discussions on the Ombudsman Scheme, designed to safeguard the rights and interests of consumers, as well as the activities of select Central Office Departments.

Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7.

The bank breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services

The central bank in a statement Tuesday said the action was based on "certain material supervisory concerns" observed in the manner of onboarding of their customers onto the bank's mobile application

The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023 - the date on which RBI decided to withdraw the banknote.

A bullet repayment scheme is one where a borrower repays interest and the principal amount at the end of a loan tenure without worrying about repayment during the loan tenure.

The 30-share BSE Sensex climbed 364.06 points or 0.55 per cent to settle at 65,995.63. During the day, it jumped 464.24 points or 0.70 per cent to hit 66,095.81

After three days of deliberation, RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) unanimously opted to maintain the repo rate at 6.5 percent

The UDGAM portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.

Forex traders said the rupee consolidated in a narrow range as investors preferred to stay on the sidelines ahead of the Reserve Bank of India's rate decision.

The ECL approach to provisioning is a paradigm shift from the existing provisioning regime based on incurred losses.

Extension of the deadline appears to be aimed at providing more time for people to return or exchange the notes without any hassles.

Come October 1, the note will be just another piece of paper with no value. This comes months after the central bank announced that the Rs. 2000 notes will be taken out of circulation.

A penalty of Rs 1.3 crore was imposed on State Bank of India (SBI), Rs 1.62 crore on Indian Bank, Rs 1 crore on Punjab & Sind Bank, and Rs 8.80 lakh on Fedbank Financial Services, the RBI said