Economy
India’s economy is on a faster recovery trajectory, says RBI
After the COVID-19 economy shock, India’s economy is recovering faster, says RBI. “Since the assessment presented in the last month’s…
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RBI
Economy
Banking
Sandeep Batra appointed as executive director of ICICI
ICICI Bank on Wednesday said the RBI has approved Sandeep Batra as executive director of the company for a period…
Banking
RBI suspends Karad Janata Sahakari Bank’s licence
According to a report by NDTV, on tuesday (December 8) The Reserve Bank of India(RBI) cancelled license of Maharashtra’s Karad…
Banking
RBI orders HDFC to stop issuing new credit cards
The RBI has directed India’s largest private lender HDFC to pause issuing new credit cards to its customers and also…
Economy
GDP to fall more in the December quarter: Analysts
India’s economy is expected to improve in the quarter ending in September, compared to the record drop in growth in the…
Banking
RBI emerges as the most popular central bank on Twitter with one million followers
The Reserve Bank of India on Twitter emerged as the most popular central bank by beating the US federal Reserve…
Finance
RBI imposes penalty of Rs.5.78 crore on six entities
The Reserve Bank of India under section 30 of the Payment and Settlement Systems Act, 2007, imposed a monetary penalty…
Banking
RBI welcomes large corporates to promote private banks
The recent report from RBI’s (IWG) stated accessibility for large corporates and industrial houses to promote private banks. However this…
Markets
Lakshmi Vilas Bank share tanks 20 percent on merger
After the government on tuesday placed Lakshmi Vilas Bank(LVB) under a one month moratorium, the shares of LVB on wednesday…
Politics
Kris Gopalakrishnan named first chairperson of Reserve Bank Innovation Hub
“The Reserve Bank has appointed Senapathy (Kris) Gopalakrishnan, co-founder and former co-Chairman, Infosys, as the first Chairperson of the RBIH,”…
Markets
Reserve Bank to restore market trading hours from next week
Announcing phased restoration of trading hours for several debt as well as currency markets, the Reserve Bank of India (RBI) stated the trading…