Tag: RBI
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RBI imposes Rs 25 lakh fine on Axis Bank for violation of KYC norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC)...
RBI to fine tune liquidity operations whenever needed
The Reserve Bank of India (RBI) will fine tune liquidity operations from time-to-time, when needed, Governor Shaktikanta Das said on Tuesday.
Addressing the FIMMDA-PDAI Annual...
RBI appoints Ajay Kumar as new executive director
The Reserve Bank of India (RBI) has appointed Ajay Kumar as Executive Director (ED).
An RBI statement on Thursday said that the appointment came into...
RBI announces Open Market Purchase under G-sec Acquisition Programme 2.0
The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP...
RBI fines 2 Maha co-op banks for non-compliance of norms
The Reserve Bank of India (RBI) has imposed monetary penalties on the Greater Bombay Co-operative Bank Ltd and the Jalna People's Co-operative Bank Ltd...
Banks will now be fined for non-availability of cash in ATMs
In huge relief for the common man, the Reserve Bank of India (RBI) has decided to charge penalties on banks for non-availability of cash...
Enduring inflation: RBI to keep at fanning growth despite price rise
Terming short term supply side shocks as the main drivers of inflation, RBI Governor cautioned against departure of growth oriented stance.
Accordingly, RBI Governor ShaktiKanta...
Growth Chasing: RBI retains rates, accommodative stance
To continue with its growth supporting stance, the Reserve Bank of India retained its key short-term lending rates during the third monetary policy review...
RBI allows card networks, wallets to access RTGS, NEFT
The Reserve Bank of India (RBI) has decided to allow payment system providers, prepaid card issuers, card networks and white label ATM operators access...
Several factors still hinder monetary transmission to bank rates: RBI
Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank...