RBI pulls up UCBs creating Dividend Equalisation Fund
The Reserve Bank of India asked Urban Cooperative Banks to stop the practice of setting up a Dividend Equalisation Fund
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Rural income growth to drive demand: RBI report
According to RBI’s State of the Economy Report, aggregate demand conditions are gathering momentum with revival in rural consumption on
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RBI Deputy Governor moots full cover for small depositors
A periodic upward revision in the uniform deposit insurance coverage of Rs 5 lakh is necessary as India’s growth and
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RBI mulling insurance for green deposits
RBI is exploring appropriate deposit insurance coverage for green deposits, climate risk-based differential premiums and ex ante funding needs for
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RBI appoints Arnab Kumar Chowdhury, Charulatha S Kar as executive directors
The Reserve Bank of India announced the appointment of Arnab Kumar Chowdhury and Charulatha S Kar as executive directors. Chowdhury
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RBI cancels registration of 2 NBFCs
The Reserve Bank said it has cancelled the certificates of registration of two NBFCs — Star Finserv India and Polytex
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RBI to link UPI, Asean payment systems
RBI has joined Project Nexus, an initiative to enable instant cross-border retail payments by linking domestic Fast Payment Systems. Nexus
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RBI proposes rationalising norms on foreign trade transactions
The RBI proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business
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RBI aks banks to strengthen governance
RBI governor Shaktikanta Das asked banks to further strengthen the governance standards, risk management practices and compliance culture. As part
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RBI cancels licence of Mumbai-based The City Co-operative Bank
The Reserve Bank cancelled the licence of The City Co-operative Bank, Maharashtra for lacking adequate capital and earning prospects. The
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