New Delhi: The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. PNB […]
RBI Launches Quarterly Survey on Order Books of Manufacturing Sector – News18
The survey provides valuable input for monetary policy formulation, says the RBI. The RBI has been conducting the order books, inventories and capacity utilisation survey (OBICUS) of the manufacturing sector […]
RBI Appoints Arnab Kumar Chowdhury As New Executive Director
Mumbai: The Reserve Bank of India (RBI) has appointed Arnab Kumar Chowdhury as executive director with effect from Wednesday. Chowdhury will look after three departments, including DICGC. Prior to being […]
Card dues & gold loans beat bank credit growth of 20% – Times of India
MUMBAI: For banks, credit card outstanding and gold loans remain outliers in growth. The segments recorded a year-on-year increase of 26.2% and 29.7% respectively as of May 2024.This is much […]
Beware… 800 online financial frauds a day – Times of India
MUMBAI: Nearly 800 digital payment fraud cases are reported every day in India, nearly 10 times more than what RBI‘s annual report showed. This is because the central bank’s took […]
RBI's 'timely action' reduced vulnerability on 'unsecured loans': Shaktikanta Das – Times of India
MUMBAI: Reserve Bank of India Governor, Shaktikanta Das on Thursday said that the timely action and prompt measures has moderated the growth of unsecured loan, adding that failure to do […]
RBI bags risk manager award – Times of India
Mumbai: RBI has been awarded the “Risk Manager of the Year 2024” by Central Banking, UK, for improving its risk culture and awareness. The award was received by RBI executive […]
India's retail inflation eases further in May; here's what experts say – Times of India
NEW DELHI: India’s retail inflation rate softens marginally in May, continuing its moderation trend, though food prices continue to remain a pain point for the policymakers.Government data showed on Wednesday […]
Stock Markets Gain 3 Per Cent As Political Stability Returns
New Delhi: In a week full of political surprises, the Indian Indices saw high volatility but ended up gaining more than 3 per cent, buoyed by Prime Minister Narendra Modi’s […]
Sensex Touches All-Time High, Nifty Up 2% On Announcement Of PM Modi Taking Oath
New Delhi: Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged […]