October 16, 2019 06:50 PM IST The Punjab & Maharashtra Co-operative Bank has been put under restrictions by the Reserve Bank of India (RBI) following the discovery of a Rs 4,355-crore scam.
October 16, 2019 06:25 PM IST The meeting with Das, deputy governor and other senior officials of the Central bank came after police authorities confirmed the death of one more depositor, Fattomal Punjabi (61) due to natural causes.
October 16, 2019 04:34 PM IST Lending growth by banks had nearly halved to 8.8% at the end-September from the start of the year.
October 15, 2019 09:13 PM IST The minimum net worth for entities desirous of entering the WLA segement should be Rs 100 crore.
October 15, 2019 07:10 PM IST That the Central Bank has halted the printing of high value bank notes was conveyed by the Reserve Bank of India (RBI) in a response to an RTI query.
October 15, 2019 07:07 PM IST On October 14, Sanjay Gulati, another distressed depositor of the PMC bank, succumbed to a heart attack.
October 15, 2019 06:07 PM IST The union also said RBI should carry out onsite supervision of all cooperative banks instead of the present annual offsite supervision.
October 15, 2019 03:16 PM IST Some analysts also wonder if the economy is headed towards "stagflation", which is characterised by persistently high inflation and low economic and jobs growth.
October 15, 2019 07:53 AM IST The co-operative banking system came into being with the aim to promote saving and investment habits among people, especially in rural parts of the country.
October 14, 2019 09:58 PM IST Retail food prices, which make up nearly half of India's inflation basket, increased 5.11% in September from a year earlier, compared with 2.99% in August.
October 14, 2019 09:34 PM IST The audit committee of the board of banks shall review the compliance to the above conditions on a half yearly basis, it said.
October 14, 2019 08:33 PM IST In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for non-compliance with the directions issued by RBI on frauds classification and reporting; innovative housing loan products wherein upfront disbursal of loans is done.
October 11, 2019 07:38 PM IST The increase in reserves in the reporting week was on account of rise in foreign currency assets (FCA), a major component of the overall reserves.
October 11, 2019 07:30 PM IST During the reporting month, the Central bank had purchased $615 million and sold $4.687 billion in the spot market.
October 11, 2019 06:55 PM IST The meeting of the central board, held in Chandigarh, came a day after Finance Minister Nirmala Sitharaman announced setting up of a panel to recommend legislative changes to ensure better governance at cooperative banks.
October 09, 2019 05:46 PM IST The bank's board and shareholders approved setting off accumulated losses of Rs 7,360.29 crore as of March 31, 2019, against the balance lying in share premium account and revenue reserve account of bank as on date of set-off.
October 04, 2019 09:34 PM IST The external debt figures stood at $557.4 billion as of June this year, as against $471.9 billion at the end of March 2017, as per RBI numbers.
October 04, 2019 09:34 PM IST The increase in reserves in the reporting week on account of foreign currency assets (FCA), a major component of the overall reserves.
October 04, 2019 08:38 PM IST The RBI lowered the key rates by a widely expected 0.25 percent citing more headwinds to growth and affirmed support to do more heavy lifting if inflation supports.
October 04, 2019 08:24 PM IST Das said the government has several sources of revenue to meet the fiscal target.
October 04, 2019 06:50 PM IST 'It is a significant and welcome move by the Reserve Bank of India (RBI)... to boost the credit flow and spur the economic growth of the country,' said Confederation of Real Estate Developers Association of India (Credai) National Chairman, Jaxay Shah.
October 04, 2019 04:55 PM IST In its fourth bi-monthly meeting for 2019-20 on October 4, the Reserve Bank of India's Monetary Policy Committee (MPC) slashed the repo rate by another 25 bps.
October 03, 2019 11:09 AM IST Markets will keenly await the MPC decision and seek a reason to celebrate the festivities well in advance.
October 01, 2019 09:45 PM IST The government appointed Kotak to head the lender's board, which will help the troubled company come out of difficulties, after the state took over the board.
October 01, 2019 08:02 PM IST While HDFC Bank took to Twitter to respond to a user's concern, Kotak Mahindra Bank informed a customer who faced the issue that the problem was due to a technical fault, and apologised for the same.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
Get Annual plan at only Rs 289. 