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RBI penalises UCO Bank, Axis...

Mumbai : The Reserve Bank of India (RBI)...

RBI expected to soften stance...

Mumbai : The Reserve Bank of India is...

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

Mumbai : The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders -- UCO Bank, Axis Bank and Syndicate Bank -- over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2 crore each on UCO Bank and Axis Bank for non-compliance with its circular on 'Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account' and Master Directions on 'Frauds - Classification and Reporting by commercial banks and select FIs'. In addition, a separate penalty of Rs 20 lakh was imposed...

Rs 10,700-cr demonetised...

Mumbai : The amount of banned currency notes that did not return to the system post demonetisation stands at Rs 10,700 crore, or 0.7...

RBI hikes key...

Mumbai : The Reserve Bank of India (RBI) on Wednesday raised its key benchmark lending rate by 25 basis point to 6.5 per cent...

Shiv Sena demands...

Mumbai : The Shiv Sena pounced on the Bharatiya Janata Party (BJP) on Saturday, seeking to know "what action the (current) Finance Minister Piyush...

RBI rate hike...

By Rituraj Baruah, Mumbai : The Reserve Bank of India's (RBI) decision to hike the repo rate by 25 basis points boosted the investor sentiments,...

RBI hikes repo...

Mumbai : Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first...

Rates, rupee and...

By Rohit Vaid, Mumbai : The Reserve Bank of India's (RBI) second monetary policy review for 2018-19, combined with the direction of foreign fund flows...

Bombay HC to...

By Quaid Najmi, Mumbai : A public interest litigation -- probably holding the key to the historic demonetisation of November 8, 2016 -- filed by...

December CPI inflation...

New Delhi : Continuing rise in food and fuel prices pushed India's annual retail inflation rate over the five per cent-mark in December, official...

Economy booster package...

New Delhi : Attributing the fall in economic growth to demonetisation and GST, former Reserve Bank of India Governor C. Rangarajan said on Friday...
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