RBI Imposes Rs 2 Cr Penalty on Standard Chartered Bank
The Reserve Bank on Thursday imposed a penalty of Rs 2 crore on Standard Chartered Bank India for delays in reporting of frauds to it.The monetary penalty...
Tag : Reserve Bank Of India
Petition Filed in SC Against RBI Governor, Others
Petitions have been filed in the Supreme Court seeking its directions for the contempt of court proceedings against Reserve Bank of India Governor Shaktikanta Das and others,...
RBI to Signal Short Term Rates as Traders Brace for Cash Drain
India’s central bank aims to drain two trillion rupees ($27.4 billion) from the banking system on Friday, in an auction that will provide traders essential...
RBI Projects 6.8% Retail Inflation for Dec Quarter
The Reserve Bank of India on Friday said that the retail inflation is likely to remain elevated and pegged at 6.8 per cent for the third quarter...
RBI Kept Repo Rate Unchanged At 4%, GDP Forecast Upgraded
The Monetary Policy Committee (MPC) of the Reserve Bank kept the repo rate unchanged at 4% and maintained an ‘accommodative’ stance, implying more rate cuts in the...
Only Standard Loan Accounts as of 1 Mar to Recast Under Pandemic Scheme: RBI
The Reserve Bank of India has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under...
Monetary Policy Panel Votes Unanimously To Hold Key Rates
Governor of Reserve Bank of India Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high...
RBI Has 300 Billion Rupees Auction Test After Rejecting Bids
The Reserve Bank of India (RBI) will again have a tough choice at Friday’s bond sale: Whether to ask underwriters to rescue the sale or allow higher...
RBI’s Building Capital Buffers, Managing Liquidity are Crucial for MFIs
Microfinance institutions (MFIs) expect to withstand financial risks due to COVID-19, building capital buffers and managing cash positions is required to secure balance sheets from...
Indian Central Possibly Dousing Inflation via Rupee Gain
The Indian Central bank has mentioned that a firmer currency will accommodate the imported inflation, indicating it could be used to withstand rises in the rupee as...