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2 mins read
UGC cautions Class 12 students against fake univs; says no to higher studies in Pak
Ahead of college admissions, University Grants Commission (UGC) has warned students against unrecog…
2 mins read
Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC
The Bombay High Court has said banks and financial institutions should pass reasoned orders before …
PTI
3 mins read
SEBI proposes norm to prevent brokers from retaining clients' funds at end of trading day
To curb possible misuse of investors' money by brokers, SEBI has proposed to stop trading members a…
PTI
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
4 mins read
Tamil magazine editor S. Gurumurthy 'pressurised' to take up RBI Board position
As a post script in his email, Gurumurthy told Venkatachalam: "You all think that me being in the R…
1 min read
Uday Kotak resigns as MD & CEO of Kotak Mahindra Bank
Uday Kotak has resigned as the Managing Director & CEO of Kotak Mahindra the Bank with effect from …
1 min read
India's wholesale inflation rises further to 15.08% in April from 14.55% a month ago
The high rate of inflation in April was primarily due to rise in prices of mineral oils, basic meta…
2 mins read
Retirement fund body EPFO could increase its equity investment limit to 20% from 15% earlier
Retirement fund body EPFO is likely to approve this month a proposal to enhance its investments in …
PTI
3 mins read
RBI bats for borrowers, releases guidelines to prevent lenders from levying penal interest on loan defaults
The Reserve Bank of India (RBI) has released guidelines instructing lending institutions to clearly…
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…
PTI
2 mins read
Banks must allow retail borrowers to switch between fixed and floating rates: RBI
Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer …
ANI
3 mins read
RBI gets set to float it's digital currency -- check details here
The Reserve Bank of India (RBI) has made no bones about it being averse to crypto currency, ever…
2 mins read
Stock markets slip into the red: FMCG stocks under pressure
Indian stock markets were stable following the Reserve Bank of India's decision to keep the base in…
2 mins read
RBI approves Rs 87,416 cr dividend payout to the government for 2022-23
The Reserve Bank of India (RBI) approved a dividend payout of Rs 87,416 crore to the central govern…
3 mins read
India is trying to regulate cryptocurrencies — but not everyone is on board, including the RBI governor
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, isn’t a fan…
2 mins read
Employees' provident fund interest rate fixed at 8.15% for 2022-23
The Central Board of Employees' Provident Fund Organisation (EPFO) has recommended an 8.15% interes…
ANI
3 mins read
Measures taken by IIFCL to keep bad loans under check: Parliamentary panel
The company has put in place a Board approved Management Policy which lays out the Directives…
PTI
1 min read
RBI directs credit information companies to appoint internal ombudsman
The RBI, in its Statement of Developmental and Regulatory Policies, on August 5, 2022 had called…
1 min read
RBI has taken two Srei companies out of board control after payment defaults
Kolkata based Srei Group companies enter insolvency proceedings as the Reserve Bank of India (RBI) …
3 mins read
Customer protection 'guiding light' of revamped microfinance regulations, says RBI deputy governor
Reserve Bank of India’s (RBI) deputy governor M Rajeshwar Rao on Friday outlined several measures i…