Monday, May 27, 2024
Home > Reserve bank of India
SBI moves insolvency plea against Jaiprakash Associates before NCLT

SBI moves insolvency plea against Jaiprakash Associates before NCLT

[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore

Read More
India’s massive card security deadline unlikely to be extended

India’s massive card security deadline unlikely to be extended

[ad_1] India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to delay the compliance

Read More
RBI taking inflation, inflationary expectations seriously: Uday Kotak

RBI taking inflation, inflationary expectations seriously: Uday Kotak

[ad_1] Reserve Bank of India's surprise move to hike repo rate reflects that the central bank is taking inflation and inflationary expectations very 'seriously', veteran Banker Uday said on Wednesday. He expects a 100 basis points repo rate hike in the current fiscal. The RBI on Wednesday after an

Read More
Home Loans | Car Loans | RBI rate hike shocker: Home and car loans to get dearer

Home Loans | Car Loans | RBI rate hike shocker: Home and car loans to get dearer

[ad_1] Home, personal and car loan borrowers were in for a sudden interest rate shocker on Wednesday, after the Reserve Bank of India announced an out of turn repo rate hike. Bankers that ET spoke with are preparing to pass on this hike to their borrowers, marking the start to

Read More
State-run banks voice concern over new guidelines on frauds

State-run banks voice concern over new guidelines on frauds

[ad_1] Public sector banks have petitioned the government on the latest revised guidelines on bank frauds, expressing concern over delay in disposal of cases that they fear could disrupt commercial banking decisions. "It is leading to a situation where every complaint, till it's resolved, is under scrutiny and those implicated cannot

Read More
RRA recommends withdrawal of 225 more circulars: RBI

RRA recommends withdrawal of 225 more circulars: RBI

[ad_1] The Reserve Bank of India (RBI) on Monday said the Regulations Review Authority has recommended the withdrawal of additional 225 redundant circulars. The Reserve had set up the Regulations Review Authority (RRA 2.0) with an objective to reduce the compliance burden on regulated entities (REs). "Regulations Review Authority

Read More
Rise of Big Tech calls for inter-regulatory collaboration: RBI Report

Rise of Big Tech calls for inter-regulatory collaboration: RBI Report

[ad_1] The growth of big techs has led to the rise of regulatory collaboration that necessitates clear demarcation of responsibilities over such business entities, the latest report on currency and finance released by the Reserve Bank of India has suggested. The report also raised concerns over digital financing and said

Read More
RBI imposes Rs 1.12 crore penalty on Bank of Maharashtra

RBI imposes Rs 1.12 crore penalty on Bank of Maharashtra

[ad_1] Reserve Bank of India (RBI) has imposed a penalty of Rs 1.12 crore on Bank of Maharashtra for non-compliance with certain directions, including those related to Know Your Customer (KYC) norms. The penalty has been imposed for violation provisions related to KYC, creation of a Central Repository of Large

Read More