Under the framework, an SRO-AA should be set up as a not-for-profit company registered under Section 8 of the Companies Act, 2013 | Photo Credit: REUTERS The Reserve Bank of India (RBI ...

The RBI is scrutinizing the use of a 2003 foreign exchange regulation granting NRI status to Indian students abroad, aimed at tax and fund transfer benefits. The central bank considers refining ...

The Reserve Bank of India (RBI) may prefer a public sector banker as a replacement for IndusInd Bank’s current chief Sumant Kathpalia, according to industry sources. RBI recently gave its ...

The depositors need not worry about the safety of their money as the RBI regulates banks and financial institutions. The challenge for the RBI was to give adequate freedom to the bankers while ...

@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL). - Not Applicable / No Transaction. Relates to uncollateralized transactions of 2 to 14 days tenor. @@ Relates to ...

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India’s banking regulator RBI imposed ₹76.6 lakh penalty on four NBFCs over non-compliance issues in its peer-to-peer lending platform on March 7. RBI said it will conduct OMO purchase ...

A penalty of Rs 61.40 lakh was imposed on Nainital Bank Ltd for non-compliance with certain directions on ‘Interest Rate on Advances’ and ‘Customer Service in Banks’, RBI said in a statement.

The Reserve Bank of India (RBI) on Friday imposed certain restrictions on New India Co-operative Bank Limited (NICB), Mumbai, barring it from carrying out financial operations without prior approval.

It looks like the RBI will continue to pump in more money to bridge the liquidity shortage in the system and thereby positively influence the credit growth to the productive sectors. In fact ...

Definition: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is ...

However, the weighted average inter-bank call money rate remains above RBI's policy repo rate, despite these infusions. RBI has already infused Rs 1.8 lakh crore through long-term repos maturing ...