Tag: RBI

The Aryavarth Express New Delhi: India’s foreign exchange (forex) reserves dropped for a sixth consecutive week to hit a near three-month low of USD 675.65 billion as of November 8, ...

The Aryavarth Express MUMBAI: The Reserve Bank of India expectedly kept its benchmark interest rate and stance unchanged for its ninth straight policy meeting, saying it cannot afford to look ...

MUMBAI (Aryavarth): The decline in bad assets of banks to a 12-year low of 2.8 percent and strong GDP numbers will help in sustaining the growth momentum and withstanding global ...

Agency(Mumbai, India): On Wednesday, the Reserve Bank of India (RBI) announced significant restrictions on Kotak Mahindra Bank, India's fourth-largest private lender, due to persistent issues with its information technology systems. ...

The Aryavarth Express Agency(Mumbai): The Reserve Bank of India (RBI) has announced a strategic expansion in the deployment of its central bank digital currency, the e-rupee, by allowing non-bank payment ...

The Aryavarth Express Agency(New Delhi): The Reserve Bank of India (RBI) has taken a significant step towards ensuring the integrity of non-banking financial companies (NBFCs) by initiating special audits of ...

The Aryavarth Express Agency(New Delhi): The finance ministry has taken a decisive step by instructing all public sector banks to conduct a thorough review of their gold loan portfolios. This ...

The Aryavarth Express Agency(New Delhi): In a significant regulatory move, the Reserve Bank of India (RBI) on Monday mandated IIFL Finance Ltd. to cease sanctioning or disbursing gold loans with ...

The Aryavarth Express Agency (Delhi): The Reserve Bank of India (RBI) has taken significant action against Paytm Payments Bank Ltd (PPBL) under Section 35A of the Banking Regulation Act, 1949. ...

The Reserve Bank of India (RBI) has declared that 15 large Non-Banking Finance Companies (NBFCs) will now face stricter regulatory rules. This decision includes well-known companies like LIC Housing Finance, ...

New Delhi (Agency): In 2018, the Reserve Bank of India (RBI) faced pressure from some quarters of the government to release between Rs 2-3 lakh crore from its balance sheet ...

New Delhi (Agency): The Reserve Bank of India (RBI) made a significant announcement on Friday, August 18, directing banks to allow individual borrowers with Equated Monthly Instalment (EMI) loans to ...