Supreme Court Seeks FM’s Reply on Waiver of Interest on Loans
The Supreme Court Thursday sought finance ministry’s reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go...
Tag : Reserve Bank of India (RBI)
Kotak Mahindra Bank Jumps 5% After Block Deal
Kotak Mahindra Bank Ltd’s shares has gained as much 5 per cent after a huge block deal which saw around 56 million shares changing hands in...
Karnataka Bank Fined Rs 1.2 Cr by Reserve Bank of India
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning...
RBI Hikes Group Expousre Limit of Banks to 30%
On Friday, Reserve Bank of India (RBI) has raised the group exposure limit of banks to 30 per cent from 25 per cent for a temporary period till...
RBI Cuts Reverse Repo by 25 bps to 3.75%
The Reserve Bank of India (RBI) cut the reverse repo rate by 25 basis points to 3.75 per cent even as it kept the repo...
RBI Says Banks to Not Give Dividends
On Friday, the Reserve Bank of India (RBI) has asked scheduled commercial banks and co-operative banks not to make any dividends for the financial...
COVID-19 Hangs Over Future Like A Spectre, Says RBI
The Reserve Bank of India (RBI) said on Thursday that the coronavirus pandemic ‘hangs over the future, like a spectre’, and the lockdowns will impact...
RBI Announces Measures to Deal with COVID-19 Pandemic
The Reserve Bank of India (RBI) on Wednesday extended realisation period of export proceeds as part of additional measures to deal with the economic disruption...
RBL Bank Loses 3% of Deposits in Last One Week
Private sector lender RBL Bank on Tuesday said it has lost about 3% of its total deposits in the last one week owing to withdrawals...
COVID-19 Scare Drags Indian Rupee to Record Low
Indian rupee deepened losses, hitting record low after the country confirmed its first COVID fatality. Risk appetite took a beating, with panic selling across global...