reserve bank

MUMBAI: The Reserve Bankhas imposed restrictions, including on withdrawals, on four cooperative banks in view of their deteriorating financial positions. The restrictions have been imposed on Saibaba Janata Sahakari Bank, The Suri…

What happens when a country produces less but consumes more of something? The country ends up importing it. And if the imported item keeps getting more expensive, the country ends up paying more and more to import it. Not a desirable…

Brokerage firm Morgan Stanley today reduced its forecast for India's GDP growth estimate by 0.4 per cent to 7.2 per cent for the FY23 due to slower global growth. It further said the growth will further slow down to 6.4 per cent in the…

The government on Tuesday will release the key data on June retail inflation which will be factored by the Reserve Bank in its next bi-monthly monetary policy to be announced in early August. The retail inflation has remained above 6 per…

MUMBAI: The Reserve Bankon Friday imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions. The banks on which restrictions…

Lenders are working with the Central Economic Intelligence Bureau (CEIB) and other law enforcement agencies to set up a more robust intelligence-sharing framework, a move seen helping reduce frauds in the banking sector. A senior bank…

The RBI's regular market operations in sync with the monetary policy stance helped the banking system to balance the financing needs of the various sectors of the economy during the Covid-hit 2020-21, said a study published by the…

The rupee, which Tuesday fell to a new record low on unabated withdrawals by portfolio investors amid tightening global monetary conditions, could face further pressure as record external debt comes up for repayment through the course of…

The Rupee which has been facing the heat due to withdrawals by portfolio investors, has another trouble brewing - maturing external debt of Indian companies. About 43.1 percent or $267 billion worth of external debt of the $620.7 billion…

MUMBAI: The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Besides, the RBIhas also imposed penalties on four…