After RBI, now government asks PSBs to eye more deposits
On August 19, Union Finance Minister Nirmala Sitharaman urged Government banks to enter special drives to garner deposits at a performance review meeting with the...
RBI imposes monetary penalty on BoM, Hinduja Leyland Finance and Poonawalla Fincorp
The Reserve Bank of India (RBI) has cracked down on three entities imposing monetary penalties citing rule violations. These are Bank of Maharashtra (BoM), Hinduja Leylan Fincorp Finance and Poonawalla Fincorp.
SBI, PNB in Talks with Karnataka Government for ‘Amicable Resolution’ of Transaction Ban
In response to the unexpected decision by the Karnataka government to halt all transactions with them, State Bank of India (SBI) and Punjab National Bank...
RBI imposes monetary penalty on Muthoot Housing Finance
After considering the company’s reply to the notice and oral submissions made by it during the personal hearing, RBI found that the company failed to take prior written permission of the RBI for change in management resulting in change of more than 30 per cent of its directors, excluding independent directors, warranting imposition of monetary penalty, the RBI said.
CPI inflation falls to a 5-year low in July: Don’t uncork the bubbly yet
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.
RBI Policy: MPC leaves repo rate unchanged
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) on August 8 kept the interest rates steady for the ninth...
Will RBI surprise today with a rate cut?
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) is likely to hold interest rates steady for the ninth consecutive...
Should you exit your stocks and mutual funds amid market rout?
The US Fed may be soon nearing a rate cut as the FOMC meeting has indicated in the last round. If that happens, central bank across the world may follow cues and it should be positive news for global stock markets.
IDBI employees and officers protest merger plan
Employees and officers of IDBI Bank held gate meeting and procession to Oppose IDBI sale to private and foreign buyers. The employees are also planning...
RBI approves reappointment of Inderjit Camotra as MD of Unity SFB
The Reserve Bank of India (RBI) has approved the re-appointment of Mr. Inderjit Camotra, incumbent MD & CEO of Unity Small Finance Bank Limited (Unity...