Articles for Read Rbi

RBI fines IndusInd Bank ₹27 lakh over non-compliance
4 days, 17 hours ago

RBI fines IndusInd Bank ₹27 lakh over non-compliance

Live Mint  

The Reserve Bank of India imposes a penalty of ₹27 lakh on IndusInd Bank for not complying with norms. “The Reserve Bank of India has, by an order dated December 18, 2024, imposed a monetary penalty of ₹27.30 lakh on IndusInd Bank Ltd. for non-compliance with certain provisions of ‘Reserve Bank of India Directions, 2016’,”the central bank said in statement …

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Rupee takes a dive, more turbulence in 2025
1 week, 6 days ago

Rupee takes a dive, more turbulence in 2025

Live Mint  

What triggered the rupee’s recent fall? The Indian rupee breached a record low of 84.85 per dollar this week and briefly tested 85.06-per-dollar levels as outgoing Reserve Bank of India governor Shaktikanta Das’s term ended on Tuesday. However, increasing geopolitical uncertainty, attractive US government bond yields, cheaper crude oil prices and heavy foreign institutional investor outflow from domestic equities further …

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RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained
4 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained

Hindustan Times  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% for the ninth time in a row, RBI Governor Shaktikanta Das announced on Thursday, August 8, 2024. "The Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. The RBI governor said that food prices are likely to …

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Russia has no extra oil to sign deals with Indian buyers, coal production up 34%
2 years, 6 months ago

Russia has no extra oil to sign deals with Indian buyers, coal production up 34%

Live Mint  

Mint Evening Digest Russia has no extra oil to sign deals with two Indian buyers Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers. Key factors and Nifty levels to watch out now Indian stock markets today …

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Parliament Clears Bill For RBI Supervision Of Cooperative Banks [Read Bill]
4 years, 3 months ago

Parliament Clears Bill For RBI Supervision Of Cooperative Banks [Read Bill]

Live Law  

The Rajya Sabha on Tuesday passed the Banking Regulation Bill, 2020, by voice vote. Salient Features As per the statement and objects annexed to the Bill, "certain amendments were necessary in the parent Act to provide for better management and proper regulation of co-operative banks and to ensure that the affairs of the co-operative banks are conducted in a manner …

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Lok Sabha Clears Bill For RBI Supervision Of Cooperative Banks [Read Bill]
4 years, 3 months ago

Lok Sabha Clears Bill For RBI Supervision Of Cooperative Banks [Read Bill]

Live Law  

The Lok Sabha on Wednesday passed the Banking Regulation Bill, 2020, by voice vote. Salient Features As per the statement and objects annexed to the Bill, "certain amendments were necessary in the parent Act to provide for better management and proper regulation of co-operative banks and to ensure that the affairs of the co-operative banks are conducted in a manner …

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[Loan Moratorium & Interest Waiver] "Highest Level Expert Committee Convening Meetings & Will Take Holistic Decision In Two Weeks": Centre Tells SC, Interim Order To Continue [Read Order]
4 years, 3 months ago

[Loan Moratorium & Interest Waiver] "Highest Level Expert Committee Convening Meetings & Will Take Holistic Decision In Two Weeks": Centre Tells SC, Interim Order To Continue [Read Order]

Live Law  

The Centre informed Supreme Court on Thursday that an Expert Committee at the highest level had been constituted in order to take a decision on the issue of moratorium extension, interest during moratorium, interest on interest and other related issues. Solicitor General Tushar Mehta sought two weeks time in order to place on record a comprehensive affidavit in this regard …

Supreme Court Court Orders Loans Loan Interest Period