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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI's Letter Blames Global Factors For Failure To Meet Inflation Target
Reserve Bank of India's interest-rate setters have mainly blamed global factors for failing to meet their inflation target, according to people with knowledge of a letter the monetary policy panel was obliged to write to the government.
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Chennai Man Forges RBI Permission Letter To Run Bank, Arrested
The Chennai Police has arrested a person for forging RBI permission certificate for running a bank in different parts of the state.
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Letter To Centre On Missing Inflation Target Will Not Be Made Public: RBI
RBI Governor Shaktikanta Das on Friday said the central bank considers the communication to the government for missing the inflation targets as privileged communication and will not be making it public.
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SBI Union, Others Urge Reserve Bank To Scrap Digital Payments Plan-Letter
The letter urged the central bank to scrap the "whole process of NUE licensing" and focus on strengthening the domestic payments group, NPCI.
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Job Appointment Letter Issued On Letterhead Of RBI Is Fake: Government's Fact Check
A fake job appointment letter has been issued on the letterhead of RBI by a private agency, government's fact check team, PIB Fact Check, has confirmed.
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"Your Deposits Are Safe," Says Yes Bank In Letter To Customers
A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...
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RBI Releases Assistant Exam Admit Card
RBI assistant admit card is available at the official website opportunities.rbi.org.in.
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Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
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RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...
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RBI Releases Call Letter For Security Guard Exam
RBI has released set of guidelines for the candidates on its official website rbi.org.in.
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Urjit Patel Quits As RBI Governor Amid Feud With Government: 10 Points
Urjit Patel resigned as Reserve Bank of India Governor on Monday amid growing differences with the government over a range of subjects including the central bank's autonomy. "On account of personal reasons, I have decided to step down from my current position effective immediately," said the 55-year-old in the letter announcing his shock resignatio...
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PM Office, RBI Told To Disclose Raghuram Rajan's Letter, Defaulters List
Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans.
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In RBI Vs Government, What Section 7 Is And Why It's Taken Centrestage
The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including the authority's handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, people with knowledge of the matter said.
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RBI Governor Urjit Patel May Resign, Reports Say; Rupee Down
Separate letters have been sent to the Reserve Bank of India (RBI) governor in recent weeks, exercising powers under the section on issues ranging from liquidity for non-banking financial companies, capital requirement for weak banks and lending to small and medium enterprises, report says.
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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI's Letter Blames Global Factors For Failure To Meet Inflation Target
Reserve Bank of India's interest-rate setters have mainly blamed global factors for failing to meet their inflation target, according to people with knowledge of a letter the monetary policy panel was obliged to write to the government.
-
Chennai Man Forges RBI Permission Letter To Run Bank, Arrested
The Chennai Police has arrested a person for forging RBI permission certificate for running a bank in different parts of the state.
-
Letter To Centre On Missing Inflation Target Will Not Be Made Public: RBI
RBI Governor Shaktikanta Das on Friday said the central bank considers the communication to the government for missing the inflation targets as privileged communication and will not be making it public.
-
SBI Union, Others Urge Reserve Bank To Scrap Digital Payments Plan-Letter
The letter urged the central bank to scrap the "whole process of NUE licensing" and focus on strengthening the domestic payments group, NPCI.
-
Job Appointment Letter Issued On Letterhead Of RBI Is Fake: Government's Fact Check
A fake job appointment letter has been issued on the letterhead of RBI by a private agency, government's fact check team, PIB Fact Check, has confirmed.
-
"Your Deposits Are Safe," Says Yes Bank In Letter To Customers
A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...
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RBI Releases Assistant Exam Admit Card
RBI assistant admit card is available at the official website opportunities.rbi.org.in.
-
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Former Punjab Maharashtra Co-operative Bank Managing Director Joy Thomas has admitted to misleading the RBI for six to seven years by concealing and misreporting defaulted loans worth Rs 6,500 crore taken by crisis-hit real estate firm HDIL
-
RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...
-
RBI Releases Call Letter For Security Guard Exam
RBI has released set of guidelines for the candidates on its official website rbi.org.in.
-
Urjit Patel Quits As RBI Governor Amid Feud With Government: 10 Points
Urjit Patel resigned as Reserve Bank of India Governor on Monday amid growing differences with the government over a range of subjects including the central bank's autonomy. "On account of personal reasons, I have decided to step down from my current position effective immediately," said the 55-year-old in the letter announcing his shock resignatio...
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PM Office, RBI Told To Disclose Raghuram Rajan's Letter, Defaulters List
Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans.
-
In RBI Vs Government, What Section 7 Is And Why It's Taken Centrestage
The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including the authority's handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, people with knowledge of the matter said.
-
RBI Governor Urjit Patel May Resign, Reports Say; Rupee Down
Separate letters have been sent to the Reserve Bank of India (RBI) governor in recent weeks, exercising powers under the section on issues ranging from liquidity for non-banking financial companies, capital requirement for weak banks and lending to small and medium enterprises, report says.
