RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.
The Central Government has re-appointed Shri T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 03, 2024, or until further orders, whichever is earlier.
Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949
In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.
Key Facts Statement (KFS) for Loans & Advances
A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.
In a proactive move aimed at curbing incidents like the BoB World app scam and other financial frauds, the finance ministry is advocating for a robust KYC procedure and rigorous due diligence by banks and financial institutions.
The new website and mobile application of the Reserve Bank of India was released by Governor Shri Shaktikanta Das.
Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
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