Governor Shaktikanta Das welcomes move to bring NBFCs under RBI’s radar

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday it will do its best after being given the additional responsibility of supervising and regulating non-banking financial companies (NBFCs) in a bid to boost investment and lending in the economy.

RBI penalises four public sector banks for non-compliance

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public sector banks for non-compliance with KYC requirement and norms for opening of current accounts.

No extra funds from RBI for budget FY20

Modi government faces setback in their plan to get aid from RBI’s reserve in its budget for FY20.

Why RBI governors are leaving before time?

RBI Exodus continues; Viral Acharya, RBI Deputy governor has requested for resignation, six months before the scheduled end of his term in the office.  In an explosive speech in October last year, Acharya defended RBI’s autonomy, which was seen to…

Banking and Revenue watchdogs stuck in data privacy row

The RBI has said it has no power to ask banks to share information on customers with third parties, including investigative agencies of the government, even if it is in the interests of the bank.

RBI’s rebel Dy Governor Viral Acharya quits with 6 months left in tenure

Reserve Bank of India (RBI) Deputy Governor Viral Acharya resigned six months before the scheduled end of his term, reports said on Monday.

RBI slaps Rs 2 crore fine on Kotak Mahindra Bank

RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank for lack of disclosure of promoter stake The Reserve Bank of India has imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for the non-state lender’s failure to…

RBI’s fresh norms to deal with bad loans

The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day default.

No transaction charges for RTGS & NEFT: RBI

In an effort to boost digital payments, the Reserve Bank of India (RBI) on Thursday scrapped charges levied on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions.

RBI will not hesitate to take any measure required to maintain financial stability: Shaktikanta Das

While addressing a press conference in Mumbai, RBI Governor Shaktikanta Das informed that RBI will not hesitate to take any measure which is required to maintain the financial stability of the system including, shot-term, medium-term and long term.