Adani Group has got consortium of public sector banks to provide entire debt requirement of Rs 6,071 crore for first phase of its diversified copper manufacturing project.
RBI has, in consultation with stakeholders, extended deadline for tokenisation of debit and credit cards by another three months until 30 September 2022.
RBI imposes monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions.
RBI is intervening in market to defend rupee and will not allow its ‘jerky movements’; central bank is not targeting any specific level for domestic currency against US dollar, says RBI deputy governor Michael Patra.
Tenure of Canara Bank’s special fixed deposit scheme is 333 days and interest rate offered is 5.10%. For senior citizens, interest rate offered is 5.60%.
The board of Canara Bank has approved a Rs 9,000 crore capital raising plan through a combination of additional tier-1 and tier-2 bonds.
NBFCs need to diversify risks across sectors and geographies as well as maintain capital adequacy norms and introduce core banking solutions, former SBI chairman Rajnish Kumar said.
High inflation continues to be major concern while revival of economic activity remains steady and is gaining traction, said RBI Governor Shaktikanta Das.
Despite the numbers acting to the rupee’s disadvantage, it has managed to avoid a steep fall. Will it fight back?
RBI gives banks and NBFCs three more months to implement three provisions under the new regulatory guidelines for issuing credit and debit cards; deadline now shifts to 1 October.
RBI has disallowed non-bank pre-paid wallets and pre-paid cards from loading credit lines into these platforms.
DBS Bank India has acquired a 9.9% stake in Svakarma Finance, a micro business-focused non-banking financial company, for an undisclosed amount.
Banks plan to approach RBI for special dispensation for bonds held in available-for-sale category as they have shed value in backdrop of off-cycle rate hike in May.
RBI will take strict action against regulated entities who resort to strong-arm tactics to recover loan dues from borrowers; calling up at odd hours or using foul language is unacceptable, Guv Shaktikanta Das said.
RBI has rejected idea of digital-only banks as model poses risks, governor Shaktikanta Das said.
