RBI also levied a penalty of ₹5.80 lakh on Shriram Finance, a non-banking entity, for non-compliance with certain provisions, including Know Your Customer (KYC) guidelines and directions on ...

The Reserve Bank of India (RBI) announced on Friday ... Services—Basic Savings Bank Deposit Account (BSBDA)’, ‘Know Your Customer’, and ‘Loans and Advances—Statutory and Other ...

The Reserve Bank of India (RBI) has imposed strict restrictions on New India Co-operative Bank in Mumbai, citing supervisory concerns over its financial position. As per the restrictions which are ...

Mumbai: The Reserve Bank of India (RBI) on Wednesday lifted the restrictions ... digital savings accounts with the help of video KYC. The 811 business had given the bank access to low-cost ...

Great news for mobile users in India! The Reserve Bank of India (RBI) has recently introduced two dedicated phone number series for financial institutions to make transaction and marketing calls ...

In November, the RBI sold $20 billion from its forex reserves to stabilize the rupee. Nomura observes that the central bank has sold $89.4 billion since October 2024, yet India's forex reserves ...

RBI announced measures to infuse over Rs 1.5 lakh crore in money markets to address liquidity shortfall. The plan includes government bond buy-backs, a long-term repo auction, and a dollar-rupee ...

The Reserve Bank of India (RBI) on Monday doubled down on its liquidity injection measures for the banking system by announcing measures such as a $5 billion USD/INR buy/Sell swap auction of six ...

People have gathered outside Mumbai-based New India Co-operative Bank as the Reserve Bank of India (RBI) has issued a notice to the Bank imposing restrictions, which prohibits it from issuing new ...

Regulator Reserve Bank of India has announced a series of measures on January 27 to inject liquidity in the banking system, including a Rs 60,000 crore OMO purchase in three tranches, and a ...

If you are printing for Spring 2025 Intersections, please use this link instead of the normal poster order form: Click here for Spring 2025 Intersections Form SA&L Intersections Spring 2025 Poster ...