Banking
RBI penalises PNB and BOI for fraud detection
The Reserve Bank of India(RBI) has imposed penalties on two Indian banks. While a penalty of Rs 4 crore has…
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RBI
Banking
Markets
Share market: Stocks to watch on Monday
Here is a list of top-tier stocks that could be in the focal point on Monday. DHFL: Dewan Housing Finance…
Finance
Rupee declines 8 paisa nearly 72.99 against US dollar
On Friday, the rupee fell 8 paisa nearly 72.99 against US dollar. The forex market participants were concentrating on RBI’s…
Banking
HDFC warns its customers via email regarding trading in cryptocurrencies
HDFC bank, has taken down its earlier communication with its customers after RBI’s clarification on cryptocurrency. It had sent cautionary…
Banking
Interest rates kept unchanged by MPC among other key decisions by RBI
a special liquidity facility worth Rs 15,000 crore was announced for 'contact intensive sectors'.
Economy
India’s GDP plummets to a new low
India’s gross domestic product (GDP) has been having a steady decline over the past 5 years but the unexpected change…
Finance
Adar Poonawalla named new chairman of Magma Fincorp
The Mumbai-based non-banking financial company, Magma Fincorp Limited disclosed information that they have appointed Adar Poonawalla as the new chairman…
Banking
Amid Covid-19 stress, banks start restructuring loans of small businesses
In a move that would provide relief to small businessmen across the country, several banks have started the process of…
India
RBI likely to keep interest rates unchanged, experts concur
The Reserve Bank of India(RBI) in its next monetary policy review is likely to continue with the existing benchmark interest…
Banking
RBI slaps a fine of Rs 10 crore on HDFC for auto loan irregularities
A fine of Rs 10 crore has been imposed on HDFC Bank by the banking regulator, Reserve Bank of India.…
Economy
Second wave not as harsh on Indian economy as the first: RBI
The Reserve Bank of India (RBI), in its annual report, presented a mixed bag on its outlook towards the Indian…
Banking
RBI has concerns about cryptocurrency
RBI Governor Shaktikanta Das expressed that the central bank was concerned that cryptocurrencies may impact financial stability in Asia’s third-largest…