Mumbai, February 13 The rupee remained within a narrow range and closed the day 5 paise lower at 90.66 against the US dollar on Friday, tracking the strength of the American currency in the overseas market and a negative trend in domestic equities.Forex traders said the rupee traded within a...
Mumbai, February 13 The Reserve Bank of India (RBI) imposed monetary penalties on Bank of Maharashtra, DCB Bank, and CSB Bank on Friday for non-compliance with directions.The central bank imposed a fine of Rs 32.50 lakh on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on...
bank of maharashtra
banking compliance
banking sector
credit information companies
csb bank
dcb bank
financial regulation
iifl finance
india
loan-to-value ratio
monetary penalties
navi finserv
non-performing assets
rbi
reserve bank of india
Mumbai, February 13 India's foreign exchange reserves declined by USD 6.711 billion to USD 717.064 billion during the week ending February 6, the RBI said on Friday.In the previous reporting week, the kitty had jumped by USD 14.361 billion to a record high of USD 723.774 billion.During the...
Mumbai, February 13 The RBI on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational aspects and further enhance the effectiveness of the programme, which was introduced in 1969 to coordinate development activities at the district level.The LBS aims to...
banking
banking guidelines
banking operations
commercial banks
credit deposit ratio
credit planning
development agencies
district level development
financial inclusion
financial sector
india
lead bank scheme
priority sectors
rbi
state level bankers committee
New Delhi, February 12 Chief Economic Advisor V Anantha Nageswaran said on Thursday that the new CPI series will improve the quality of data used in formulating monetary and fiscal policies.The National Statistics Office (NSO) under the Ministry of Statistics & Programme Implementation (MoSPI)...
consumer price index
cpi
economic data
fiscal policy
hces
household consumption expenditure survey
inflation
monetary policy
mospi
national statistics office
price measurement
rbi
reserve bank of india
Mumbai, February 11 RBI Deputy Governor Swaminathan J. said that ethics in banking is not a soft topic but a core safeguard for the financial system.Strong ethical standards protect customers, employees, and institutions, the career banker-turned-central banker said."Ethics in banking is...
Mumbai, February 10 The RBI announced on Tuesday that Tata Motors Finance and Piramal Enterprises have surrendered their registration certificates.Both entities had merged with associate companies in the recent past.Along with these two entities, six other non-banking financial companies...
New Delhi, February 9 In an effort to combat the rising menace of "digital arrests," the Ministry of Home Affairs (MHA) has informed the Supreme Court that it has established a high-level inter-departmental committee (IDC) to eliminate systemic gaps and ensure real-time protection for victims of...
New Delhi, February 9 – The Supreme Court on Monday described the diversion of over ₹54,000 crore by digital fraud as "absolute robbery or dacoity" and asked the Centre to draft a standard operating procedure in consultation with stakeholders like the RBI, banks, and the Department of...