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Reserve Bank Of India (rbi)
Business  /  Published 11.12.18

RBI slaps Rs 1-crore fine on Indian Bank

The Reserve Bank of India on Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms.By an order dated November 30, 2018, the RBI imposed the penalty on Indi...
By PTI in Mumbai

India  /  Published 10.12.18

GOTCHA! We mean Patel, not Mallya

Reserve Bank of India governor Urjit Patel resigned on Monday citing “personal reasons”, sending shock waves as his terse statement heightened speculation that the Narendra Modi government was pr...
By Vivek Nair and Jayanta Roy Chowdhury in Mumbai

Business  /  Published 10.12.18

Urjit Patel: Soft-spoken but tough

His tenure at the helm of the Reserve Bank of India may have lasted for around 50 months, but the soft-spoken Urjit Patel will perhaps be best remembered for his coming of age as a governor — the ce...
By Our Special Correspondent in Mumbai

Business  /  Published 09.11.19

Lakshmi Vilas Bank loss at Rs 357 crore

Private sector lender Lakshmi Vilas Bank (LVB) has reported a disappointing set of numbers for the September quarter of 2019, with net loss widening to Rs 357.18 crore even as asset quality deteriorat...
By Our Special Correspondent in Mumbai

Business  /  Published 07.12.18

Crude price surge fuels rise in CAD

A higher trade gap fuelled by rising crude oil prices pushed India’s current account deficit (CAD) to near three per cent in the second quarter of this fiscal year.Data released by the Reserve Bank ...
By Our Special Correspondent in Mumbai

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Business  /  Published 06.11.19

Fund vehicles face checks

A working group appointed by the RBI on Wednesday proposed tougher norms for core investment companies (CIC) when it said the number of layers of CICs in a group should not be more than two, apart fro...
By Our Special Correspondent in Mumbai

Business  /  Published 05.12.18

Rate cut hint in status quo

Home loan and retail borrowers can look forward to the prospect of cheaper loans next year.The Reserve Bank of India governor Urjit Patel on Wednesday hinted that the central bank could lower its poli...
By Our Special Correspondent in Mumbai

Business  /  Published 02.12.18

WhatsApp push for payment services in India

The WhatsApp chief has written to the Reserve Bank of India (RBI) for a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the g...
By PTI in New Delhi

Business  /  Published 29.11.18

Relief for NBFCs

The Reserve Bank of India (RBI) on Thursday relaxed rules for non-banking financial companies (NBFCs) to sell or securitise their loan books, in a bid to ease persistent stress in the sector.NBFCs can...
By Our Special Correspondent in Mumbai

India  /  Published 27.11.18

RBI thrusts with credit flow data, Centre parries

The Reserve Bank of India and the Centre appeared ready to lock horns once again after the central bank put out data to underscore the fact that total credit flow from banks to the commercial sector h...
By Our Special Correspondent in Mumbai


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