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the RBI said that about 93 per cent of the Rs 2,000 banknotes have returned to the banking system. New Delhi: The Rs 2,000 denomination banknote will cease to have its value after Saturday and will be just another piece of paper if one does not get it exchanged in any bank, the Reserve Bank…
Read More “Last Date To Exchange Rs 2,000 Note Is September 30, Clarifies RBI” »
The RBI said it has cancelled the licence of The Kapol Co-operative Bank Limited. (Representational) Mumbai: The RBI on Monday said it has cancelled the license of Mumbai-based The Kapol Co-operative Bank Limited as the lender does not have adequate capital and earning prospects. Consequent to the cancellation of the license, the cooperative bank has…
Read More “RBI Cancels License Of Mumbai-Based ‘The Kapol Co-Operative Bank’” »
HDFC Bank has informed the stock exchanges that its subsidiary HDFC Asset Management Company Ltd has received approvals from the Reserve Bank of India (RBI) via different letters dated September 20, 2023, to acquire “aggregate holding” of up to 9.5% of the paid-up share capital or voting rights in each of the banks namely DCB…
Read More “HDFC AMC allowed to acquire aggregate holding of upto 9.5% each in 5 banks” »
Recently, some states have announced reversal to the OPS from NPS. (Representational) Mumbai: States reverting to the old pension scheme is a “major step backwards” and may take the fiscal stress of states to “unsustainable levels” in the medium to long term, according to an article by RBI staffers. The article by Rachit Solanki, Somnath…
Read More “States Shifting To Old Pension Scheme Major Step Backwards: RBI Article” »
As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…
As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…
The court held that it cannot rely on “half-baked information” to direct a probe into RBI. (File) Mumbai: The Reserve Bank of India (RBI) plays an important role in shaping the country’s economy, and courts should refrain from delving into the monetary regulatory framework, the Bombay High Court said while dismissing a petition alleging wrongdoing…
Read More “Courts Must Refrain From Delving Into RBI’s Monetary Framework: High Court” »
The RBI said the revised guidelines for banks will be effective from April 1, 2024 (File) New Delhi: The Reserve Bank of India on Tuesday issued revised classification, valuation and operation guidelines for the investment portfolio of commercial banks, which will be effective from April 1, 2024. Banks will have to categorise investments into three…
RBI Governor Shaktikanta Das speaks at the Delhi School of Economics Diamond Jubilee Distinguished Lecture, in New Delhi, on Sept. 5, 2023. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is committed to bringing down inflation to 4% and will remain watchful of risks as more frequent global…
Read More “RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das” »
File photo: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. | Photo Credit: Reuters The story so far: On August 18, apex banking regulator the Reserve Bank of India (RBI) issued guidelines enabling a borrower to transition from a floating interest rate-based loan to one…
Read More “The transition of loans from floating to fixed rates | Explained” »
