RBI
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RBI Penalizes Bank of India and Bandhan Bank for Regulatory Non-Compliance
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The Reserve Bank of India (RBI) announced on Wednesday that it has fined Bank of India with a penalty of Rs 1.4 crore for failing to comply with certain ...

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RBI’s Stringent Actions Aimed at Ensuring Ethical Business Practices, Analysts Say
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The Reserve Bank of India (RBI) has taken decisive actions to clean up the financial sector, imposing embargoes on IIFL Finance's gold loan business and JM ...

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Former SBI Deputy MD Resigns from CMS Board Amid Controversy Over Paytm Bank Exit
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Manju Agarwal, a former deputy managing director of SBI, recently resigned from the board of CMS Info Systems, shedding light on the challenges faced by ...

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India’s Home Prices Expected to Surge by 7% Amidst Luxury Property Demand and Affordable Housing Challenges
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The cost of homes in India is expected to increase by 7% this year and the next, mainly driven by the purchase of high-end properties. Analysts, surveyed by ...

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Reliance Home Finance Initiates Voluntary Liquidation, Receives RBI Approval for CoR Surrender
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Reliance Home Finance, a former Anil Ambani company, has received approval from the Reserve Bank of India (RBI) to proceed with its decision to voluntarily ...

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SBI to Raiesed Stake in SBI Pension Funds to 80%, Acquiring 20% from SBI Capital Markets
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On Tuesday, the State Bank of India (SBI) announced its intention to acquire an additional 20% stake in SBI Pension Funds, currently held by SBI Capital ...

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Bank of Baroda Still Investigating Mobile App Fraud, Forensic Audit Incomplete
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A senior official from Bank of Baroda revealed on Thursday that the forensic audit regarding recent corruption allegations against key employees involved in ...

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Be Judicious In Using Flexibility On Interest Rates:Governor To NBFC-MFIs
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RBI Governor asked entities to be "judicious" in using flexibility on the interest rates.Mumbai: Stating that some Non Banking Finance Company-Microfinance ...

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S. Venkitaramanan, Former RBI Governor and Architect of India’s BoP Crisis Resolution, Passes Away at 92
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This morning, S. Venkitaramanan, a seasoned Indian Administrative Service bureaucrat and former Governor of the Reserve Bank of India (RBI), passed away at ...

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“Not Out Of The Woods Yet”: RBI On Inflation
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The central bank expects inflation to average 5.4% in 2023-24.Mumbai: India is not home-free with regards to the pressures of high prices but the moderation in ...

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