rbi

Mumbai, March 23 The Reserve Bank of India (RBI) injected ₹79,256 crore in short-term liquidity into the banking system on Monday through an overnight variable rate (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a...

Mumbai, March 20 The Reserve Bank announced on Friday that it has imposed a fine of ₹31.8 lakh on Hongkong and Shanghai Banking Corporation for non-compliance with certain directions related to inactive accounts and unclaimed deposits.In a statement, the Reserve Bank said that a statutory...

Mumbai, March 20 State-owned Bank of Baroda announced on Friday a credit line on the popular Unified Payments Interface platform for members of women self-help groups.Customers holding Prime Minister Jan Dhan Yojana accounts will be able to access the overdraft facility of Rs 5,000 without...

Mumbai, March 20 The Reserve Bank of India announced on Friday that it will conduct an overnight variable rate repo (VRR) auction worth Rs 1 lakh crore on March 23.The auction will take place between 9:30 am and 10:00 am on March 23, and the funds will be reversed on March 24, according to the...

Mumbai, March 20 The Reserve Bank of India (RBI) injected ₹25,101 crore of temporary liquidity into the banking system on Friday through a three-day variable rate repo (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26 percent, the central bank said in a...

Mumbai, March 20 The RBI's central board assessed the emerging global and domestic economic scenario on Friday, including evolving geopolitical developments and their impact on financial markets, along with associated challenges.The 622nd meeting of the Central Board of Directors of the...

Mumbai, March 19 HDFC Bank's chief executive and managing director Sashidhar Jagdishan said on Thursday that its former chairman Atanu Chakraborty was asked to reconsider his decision to resign, elaborate on concerns involving ethics, and also "take back some of the language" in the resignation...

New Delhi, March 19 HDFC Bank's shares plunged by over 5 per cent on Thursday after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 5.13 per cent to close at Rs 799.70 on the BSE, recovering some of its sharp...

Mumbai, March 19 The Reserve Bank of India (RBI) is working on providing more avenues for the use of Indian rupees (INR) accumulated by Russian trade partners, a senior official said on Thursday.The central bank is exploring options to either settle Indian rupees held by Russian trade partners...

New Delhi, March 19 HDFC Bank's shares plunged by nearly 9% on Thursday morning trading after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 8.41% to Rs 772 – its 52-week low – on the BSE.On the NSE, the...

Mumbai, March 18 The Reserve Bank of India (RBI) on Wednesday said it will conduct a three-day variable rate repo (VRR) auction worth Rs 75,000 crore on March 20.The auction will take place between 9:30 AM and 10:00 AM on March 20, and the reversal of these funds will take place on March 23...

New Delhi, March 18 Bain Capital has received approval from the RBI for joint management control of Manappuram Finance and its subsidiaries following the acquisition of a stake in the gold loan firm.Following the proposed acquisition of up to 41.66 per cent stake in Manappuram Finance, its...

Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...

New Delhi, March 18 Axis Bank announced on Wednesday that it has approved a proposal to inject ₹1,500 crore into its NBFC arm, Axis Finance Ltd (AFL), through a rights issue over the next year to fund business growth.The Acquisitions, Divestments and Merger Committee of the bank's Board of...

Mumbai, March 17 The rupee declined by 12 paise to settle at an all-time low of 92.40 against the US dollar on Tuesday, due to rising crude oil prices and continued outflow of foreign funds amid the West Asia crisis.A positive trend in domestic equity markets also helped the domestic currency...

Mumbai, March 17 The Reserve Bank of India (RBI) injected ₹48,014 crore in short-term liquidity into the banking system on Tuesday through a seven-day variable rate repo (VRR) auction.These funds were injected at a cut-off rate and a weighted average rate of 5.26 per cent, according to the...

Mumbai, March 17 The rupee declined by 12 paise to settle at an all-time low of 92.40 (provisional) against the US dollar on Tuesday, driven by rising crude oil prices and continued outflows of foreign funds amid the West Asia crisis.A positive trend in domestic equity markets also helped the...

Mumbai, March 16 The Reserve Bank of India (RBI) announced on Monday that it will conduct a seven-day variable rate repo (VRR) auction worth Rs 1.50 lakh crore on March 17.The auction will take place between 9:30 AM and 10:00 AM on March 17, and the reversal of these funds will take place on...

Mumbai, March 16 The Reserve Bank on Monday imposed a penalty of Rs 3.1 lakh on the payment aggregator Cashfree Payments India Private Ltd for non-compliance with its directions.The RBI found that Cashfree made certain "unauthorized deductions" from an escrow account, according to an official...

New Delhi, March 16 Top 10 willful defaulters, including ABG Shipyard, Gitanjali Gems, and Housing Development and Infrastructure, owe Rs 40,635 crore to banks as of March 31, 2025, Parliament was informed on Monday.ABG Shipyard Ltd tops the list with Rs 6,695 crore due to banks, followed by...