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Latest Articles in Reserve Bank of India RBI

Jewellers Can Now Repay Part Of Gold Loan In Physical Gold

Banks authorised to import gold and designated banks participating in Gold Monetisation Scheme, 2015 (GMS) can extend GML to jewellery exporters or domestic manufacturers of gold jewellery.

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RBI Penalises 3 Maharashtra-Based Co-Operative Banks

A penalty of Rs 4 lakh has been imposed on Excellent Co-operative Bank, Mumbai, and Rs 2 lakh each on Janseva Sahakari Bank Limited, Pune and The Ajara Urban Co-operative Bank, Ajara (Kolhapur).

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Household Financial Savings Moderated To 8.2 % Of GDP In Q3FY21: RBI

The preliminary estimate of household financial savings is placed at 8.2 per cent of GDP in October-December 2020-21, exhibiting a sequential moderation for the second consecutive quarter after having spiked in the pandemic-hit June quarter

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RBI Imposes Rs 23 Lakh Fine On 3 Co-Op Banks

The RBI said inspection report of the bank, based on its financial position as on March 31, 2019, revealed that it had not adhered to the aggregate ceiling on unsecured advances, and did not have process for periodical review of risk categorisation of accounts.

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Bank Credit Grows By 5.74 %; Deposits By 9.73 %

Bank advances stood at Rs 102.55 lakh crore and deposits at Rs 139.55 lakh crore in the fortnight ended June 5, 2020

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Industry Needs To Make Pricing Of Financial Products Transparent: RBI DG

The deputy governor made a disclaimer that the remarks made by him are personal and not of the RBI in the interest of free and fair debate related to investor education and protection in the banking sector.

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PMC Bank Depositors Should Get Back Deposits Without Any Condition: NCUI

The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.

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Forex Reserves Rise USD 3.07 Bn To Lifetime High Of USD 608.08 Bn

The reserves had increased by USD 6.842 billion to USD 605.008 billion in the previous week ended June 4, 2021.

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RBI Has Taken Steps To Smoothen Impact Of Second COVID Wave, Says Deputy Governor Jain

Observing that the COVID-19 second wave has some challenging aspects, he said both the RBI and the government are dealing with this and taking steps to smoothen the impact on the financial system.

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RBI Allows Centrum To Take Over PMC, Re-Launch It As SFB In JV With BharatPe

The PMC books were so bad that as much as 73 per cent of its assets or over Rs 6,500 crore of its loan book of Rs 8,880 crore were to one account HDIL, and all of them had turned dud as of September 19, 2019.

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RBI Turns Net Buyer Of US Dollar In April; Purchases USD 4.212 Bn

The central bank had net sold USD 5.699 billion of the US currency. It had purchased USD 20.25 billion and sold USD 25.949 billion in the spot market.

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Speed, Scale Of Vaccination To Shape Path Of Economic Recovery: RBI Report

The second wave of the pandemic has mainly hit the domestic demand, the RBI said in an article on the 'State of economy' written jointly by RBI Deputy Governor M D Patra and other officials.

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RBI Likely To Maintain Status Quo In August Policy: SBI Report

We expect a status-quo in August. We believe RBI would still try to find a marriage of convenience of regulatory and developmental measures and monetary policy in August policy,

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ED Arrests Former Maharashtra MLA In Money Laundering Case

The ex-MLA from the Peasants and Workers Party was arrested under sections of the Prevention of Money Laundering Act (PMLA) and is expected to be produced before a local court for further custody

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RBI Imposes Rs 11 Lakh Penalty On 2 Coop Banks

A penalty of Rs 6 lakh has been imposed on the Bijnor Urban Co-operative Bank Limited, and Rs 5 lakh on the National Urban Co-operative Bank Limited.

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