RBI Reports 97.69% of ₹2000 Currency Notes Returned to Circulation
On May 19, 2023, RBI Announces Withdrawal of ₹2,000 Denomination Bank Notes from Circulation
RBI Directs Agency Banks To Remain Open On Sunday, March 31; Here’s Why
Banks across India are mandated to keep their branches handling government transactions open on the final day of the fiscal year, March 31.
Rupee Slides 4 Paise to 83.02 Against US Dollar in Early Trading
In early trade on Monday, the rupee saw a 4-paise depreciation against the US dollar, reaching 83.02.
Report Reveals Improper Setup of Thousands of Paytm Payments Bank Accounts
RBI Expresses Concern Over Potential Money Laundering in Improperly Set Up Paytm Payments Bank Accounts
Rs 5 lakh penality imposed by RBI on Sankheda Nagarik Sahakari Bank
The penalty has been imposed in the exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
RBI cancels licence of The Botad Peoples Co-op Bank, Botad, Gujarat, allows it to function as NBFC
RBI today notified that The Botad Peoples Co-operative Bank Ltd, Botad is a non-banking institution following the relevant section of the Banking Regulation Act, 1949.
India’s forex reserves rose USD 2.8 bln to USD 606.9 bln last week: RBI
Prior to December 8 week, India's total foreign exchange reserves rose by USD 6.107 billion to USD 604.042 billion.
India’s forex reserves drop $ 462 million to $ 590.321 billion
The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
Norms for banks, NBFCs on personal loans tightened by RBI
The central bank has also increased the risk weights on credit receivables by 25 percentage points to 150 per cent and 125 per cent for banks and NBFCs, respectively.
RBI Tightens Credit Card and Personal Loan Regulations
On Thursday, the central bank raised the risk weights on credit card exposures for banks and non-bank financial institutions (NBFCs) by 25 percentage points, to 150% and 125%, respectively.
