Reserve Bank of India

Mumbai: The Reserve Bank of India has cancelled the banking licence of CKP Co-operative Bank, as its financial position has become unsustainable. Accordingly, the RBI took the decision on April 28 which came into effect at the close of…
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Mumbai, April 28 (IANS) Coming forward to help a noble cause, employees of the Reserve Bank of India (RBI) have donated a total of Rs 7.30 crore to the PM-CARES Fund, an official said here on Tuesday. The Covid-19 pandemic and consequent…
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New Delhi: The government on Saturday notified the scheme of reconstruction for cash-strapped Yes Bank Ltd, paving the way for the lender to resume full operations. The private sector bank has been put under a moratorium by the Reserve…
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Mumbai, Dec 5: The Reserve Bank of India (RBI) will introduce a new type of prepaid payment instrument (PPI) which could be used only for purchase of goods and services up to a limit of Rs 10,000. Accordingly, the loading of such PPI…
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Mumbai, Oct 11: The Reserve Bank of India's (RBI) Central Board met in Chandigarh on Friday and reviewed the current economic situation, global and domestic challenges and various areas of operation of the central bank as economic slowdown…
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Chennai, Sep 28 (IANS) Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others. In a…
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New Delhi: The Reserve Bank of India (RBI) on Wednesday asked the public to cast aside their doubts and continue accepting coins of various denominations currently in circulation. This comes in wake of incidents where a section of people…
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New Delhi: Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya resigned six months before the scheduled end of his term. He quit in order to return to New York University Stern School of Business (NYU stern) in August as CV Starr…
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New Delhi: The Reserve Bank of India (RBI) on Tuesday fined HDFC Bank Rs. 1 crore for not reporting frauds, violations of KYC norms and non-compliance with other directions. The fine pertains to submission of forged bill of entries…
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New Delhi: The Reserve Bank of India (RBI) on Monday said commercial banks need to offer holders of Basic Savings Bank Deposit (BSBD) accounts, a minimum of 4 withdrawals a month, including automatic teller machine (ATM) withdrawals. The…
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