reserve bank of india

New Delhi, March 19 In a sudden move, Atanu Chakraborty resigned as chairman of the country's second-largest lender, HDFC Bank, citing ethical concerns.This is the first time that the part-time chairman of HDFC Bank has resigned mid-way, raising concerns about its functioning."Certain events...

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...

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...

Indore, March 17 The Petroleum Sports Promotion Board (PSPB) men further solidified their long-standing dominance with a clinical title win, while the Reserve Bank of India (RBI) reclaimed the women's trophy after a two-year absence at the Senior Table Tennis National Championships here on...

New Delhi, March 17 The Supreme Court on Tuesday asked the Centre and the Reserve Bank of India why the details of the bank accounts of deceased persons could not be disclosed to heirs, and said the government must come up with a policy on the issue.A bench of Justices Vikram Nath and Sandeep...

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 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/Imphal, March 16 – The Enforcement Directorate (ED) has issued its third Provisional Attachment Order (PAO), attaching properties worth Rs 50.8 crore linked to several private companies and their associated entities based in Manipur, according to sources in the central investigating...

New Delhi, March 16 Wholesale price inflation rose for the fourth consecutive month, at 2.13 per cent in February, driven by an increase in the prices of food and non-food items, even though vegetable prices eased on a month-on-month basis, according to government data released on Monday...

New Delhi, March 16 The Supreme Court said on Monday that it would hear next week a suo motu case concerning victims of digital extortion.Digital extortion is a growing form of cybercrime in which fraudsters pose as law enforcement officers, court officials, or personnel from government...

Mumbai, March 13 The Reserve Bank of India has imposed a penalty of ₹2.70 lakh on Manappuram Finance for deficiencies in regulatory compliance.Based on the supervisory findings of non-compliance with RBI directions and related correspondence, a notice was issued to the company advising it to...

Mumbai, March 13 The Reserve Bank of India (RBI) injected ₹50,000 crore into the banking system on Friday through Open Market Operations (OMO) purchases of government securities.The central government purchased 7.41 per cent GS 2036 bonds worth ₹14,491 crore, 6.45 per cent GS 2029 bonds worth...

Mumbai, March 11 The Reserve Bank of India (RBI) said on Wednesday that it will inject Rs 50,000 crore into the banking system through Open Market Operations (OMO) purchases of government securities on March 13.The auction will take place between 9:30 am and 10:30 am on March 13, the central...

New Delhi, March 11 Fintech platform CRED announced on Wednesday that it has received final authorization from the Reserve Bank of India to operate as a payment aggregator.With this, CRED and its subsidiaries now hold two Reserve Bank of India (RBI) authorizations, including the Prepaid...

Mumbai, March 10 The Reserve Bank of India on Tuesday issued revised prudential norms governing dividend declaration by banks after examining feedback from stakeholders on the draft guidelines.Among the key changes, the RBI has eased the method of calculating "Adjusted Profit After Tax (PAT)"...

Mumbai, March 10 The Reserve Bank of India has capped the maximum dividend that banks can pay to shareholders at 75 per cent of profit after tax (PAT), effective from the financial year 2026-27.The central bank issued the Reserve Bank of India (Commercial Banks – Prudential Norms on...

Ahmedabad, March 9 – The Reserve Bank of India (RBI) launched the sixth edition of the Digital Payment Awareness Week (DPAW) in Ahmedabad on Monday, with a program focused on women, highlighting the need for greater public awareness about safe digital transactions in the face of rising cases of...

Kolkata, March 9 Representatives from various state and central agencies faced the ire of the Chief Election Commissioner (CEC), Gyanesh Kumar, at a crucial meeting between the Election Commission of India's (ECI) full bench and the nodal officers of different state and central agencies...

Kolkata, March 9 Chief Election Commissioner Gyanesh Kumar warned on Monday that any lapse in maintaining law and order ahead of the West Bengal Assembly elections would not be tolerated, officials said.Kumar also questioned the absence of a Narcotics Advisory Committee in the state.The...