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Mumbai bank scam: Employee reveals how RBI uncovered Rs 122 crore cash shortfall
A routine audit at New India Cooperative Bank uncovered a Rs 122 crore cash shortfall. A senior bank employee's statement, ...
India's RBI imposes business curbs at New India Co-operative Bank on supervisory concerns
India's central bank on Thursday barred Mumbai-based New India Co-operative Bank from issuing new loans or allowing the withdrawal of deposits due to supervisory concerns.
Press Trust of India on MSN8d
RBI governor hints at climb down on detrimental regulatory moves; defers LCR rules by a year
Malhotra's predecessor Shaktikanta Das had adopted a more stern approach when it comes to regulatory actions with the focus on financial stability. Banks and some analysts had feared that many of ...
RBI MPC Outcome: After Tax Relief In Budget, 25 BPS Rate Relief For Borrowers - Details
After a detailed assessment, MPC decided unanimously to reduce policy rate by 25 bps from 6.5 per cent to 6.25 per cent. SDF ...
India cuts policy rate for the first time in nearly five years, new central bank governor says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has ...
money.rediff3d
RBI to Issue Rs 50 Notes with Malhotra's Signature
Reserve Bank of India to issue Rs 50 banknotes featuring Governor Sanjay Malhotra's signature. The new notes will be similar in design to the existing Rs 50 banknotes in the Mahatma Gandhi (New) ...