India’s Financial System Remains Stable Despite Weak Growth But Risks Persist: RBI

India’s financial system remains stable notwithstanding weakening domestic growth, said the Reserve Bank of India (RBI) while releasing December 2019 Financial Stability Report (FSR) here on Friday.

RBI penalizes Bandhan Bank for non-compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bandhan Bank Limited. RBI stated that this action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank.

RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan

The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).

RBI extends R K Chhibber’s term as J&K Bank’s interim Chairman & MD

The Reserve Bank of India (RBI) has approved six months extension to R K Chhibber as the interim Chairman and Managing Director of the Jammu and Kashmir Bank.

Yes Bank files complaint with Mumbai cyber cops; here is why

Yes Bank has lodged a complaint with Mumbai Police and Cyber Cell against the dissemination of fake news and spread of rumours about the bank’s financial health on social media platforms.

RBI initiates prompt corrective action for Lakshmi Vilas Bank

On Friday, September 28, shares of Laxmi Vilas Bank closed 4.94% lower at Rs 36.55 a piece after the bank said that Economic Offences Wing of Delhi Police has registered a first information report (FIR) against its directors of the board.

RBI to transfer 1.76 lakh crore to Govt; will it rescue the economy?

The RBI board accepting the proposal of a high-level panel headed by its former Governor Bimal Jalan.

More PSU banks link deposit and loan rates to RBI’s repo

More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India’s (RBI’s) repo for facilitating faster transmission after the State Bank of India did so in May.

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.

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.