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RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling

As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed …

ANI   


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RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley

Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…

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RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details

The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…

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High food prices raise concerns but improved monsoon offers hope for RBI: SBI report

Volatility in prices of food items like tomatoes, onions, and potatoes has challenged India's Monet…

ANI   


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Paytm shares climb over 3% on receiving govt's nod for investment in Paytm Payments Services

The stock went up by 3.05 per cent to settle at Rs 554.45 on the BSE. During the day, it climbed 5 …

PTI   


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RBI Governor Shaktikanta Das projects 7.2% GDP growth for 2024-25, reports eased inflation to 5.1% in June

RBI Governor Shaktikanta Das says inflation will moderate from July onwards as the monsoon has impr…

ANI   


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RBI tightens norms on personal loans for banks, NBFCs

The Reserve Bank on Thursday tightened norms for unsecured personal loans for banks and non-banking…

PTI   


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RBI governor asks realty companies to stress test their books

The governor of Reserve Bank of India (RBI) Shatikanta Das said on Wednesday that the recent measur…

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RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure

​​Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…

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RBI retains inflation projection for FY25 at 4.5%

The Reserve Bank, which has been mandated to ensure inflation remains at 4 per cent (with mar…

PTI   


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RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth

In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…

ANI   


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RBI initiates transition plan: Small finance banks to ascend to universal banking status

According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…

ANI   


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Markets extend gains for 5th session; Sensex revisits 74k

Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim…

PTI   


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Markets decline in early trade; Kotak Mahindra Bank tanks over 12%

Cracking down on repeated non-compliance of IT norms, the RBI on Wednesday barred Kotak Mahin…

PTI   


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Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action

At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…

PTI   


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RBI plans new framework for authentication of digital transactions

The RBI on Thursday said that it has decided to come out with a new framework for authentication of…

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RBI to come up with unified regulatory framework on connected lending

The Reserve Bank of India (RBI) said on Friday that it will come up with a unified regulatory frame…

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At ₹395, Paytm shares hit upper circuit for fourth straight session

Shares of One97 Communications which owns Paytm brand hit the upper circuit for the fourth consecut…

PTI   


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RBI imposes Rs 3.06 crore penalty on Amazon Pay India for violation of norms

The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon P…

PTI