Reserve Bank of India (RBI) governor Urjit Patel rejected accusations that the regulator’s laxity was to blame for the Rs 13,000-crore fraud at state-owned Punjab National Bank.
The Reserve Bank of India (RBI) has slapped a penalty of Rs 40 lakh on SBI for not complying with its directions on detection and impounding of counterfeit notes.
The pension of RBI retirees has not been revised for the past 16 years, reportedly due to interference and instructions from the Finance Ministry.
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Bank Unions Have Gone on the Offensive Against the Rising Chorus for Privatisation of Public Sector…
Bank unions have gone on the offensive against the rising chorus for privatisation of public sector lenders (PSB) in the wake of the PNB scam.
For close to seven months, the RBI does not have a full-time deputy governor (DG) handling the supervision of banks, both state-run and private.
The Reserve Bank of India (RBI) late on Monday tightened its rules around bank loan defaults, seeking to push more large loan defaulters toward bankruptcy courts.
Finance Minister Arun Jaitley will address the boards of the Reserve Bank of India (RBI) and markets regulator Sebi tomorrow.
While India’s budget is set to stoke demand, worsening public finances may crowd out private funding and investment, the central bank (RBI) said in a statement.
At its review meeting on Wednesday, the RBI increased its inflation forecast for Q4 to 5.1 per cent, compared to 4.3-4.7 per cent for the second half.
Huge bad loans in banks is a big problem, but there is nothing much about recovering non-performing assets (NPAs) in the Budget 2018.
RBI job as the government’s debt manager just got harder after the federal budget 2018 unveiled a near-record $95 billion borrowing plan in the coming fiscal year.
The Reserve Bank of India (RBI) is likely to keep its policy rate on hold this week, but could toughen its warnings against inflation.
Former RBI Governor Raghuram Rajan feels a substantial part of the growth slowdown in India was because of the after-effects of the demonetisation.
Officials say they have identified a well-oiled ring that was offering to change the old currency notes for new ones for a hefty commission.
Bankers and fund managers, baffled by RBI's actions over the past six months, are now guessing how far to trust the government.
With the latest inflation prints moving up, the Reserve Bank (RBI) is likely to raise its inflation forecast for March and may leave the key rates unchanged.
The rise in inflation, though, is unlikely to translate into higher wages, given subdued demand for jobs in an economy which is forecast to grow at its slowest pace in four years.
This was a break from the usual practice as the RBI had not made any transfers to the fund in the three preceding years. The government had sought the amount, which it felt was the surplus earned by the RBI.
The Reserve Bank of India (RBI) has ordered banks to recalibrate ATMs to ensure that more numbers of the Rs. 200 denomination note is dispensed to the general public.