Tag: RBI

RBI cancels licence of Purvanchal Co-op Bank, Ghazipur

The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate

SBI services 16 crore of the 52 crore Prime Minister Jan Dhan Yojana accounts opened since 2014. (File photo) 2

In another release, the RBI said a penalty of Rs 96.4 lakh has been imposed on Sonali Bank PLC for

India’s foreign exchange reserves jumped $4.307 billion to touch a new lifetime high of $655.817 billion during the week that

Banks plan to request the Reserve Bank of India (RBI) to incentivise green financing, including considering this category of lending,

The penalty has been imposed on the public sector bank as it sanctioned a working capital demand loan to a

The Reserve Bank of India (RBI) received bids for drawing funds aggregating ₹1,35,514 crore from banks against the notified amount

With the credit cycle entering lean season, the banking system seems to be seeing more deposit accretion than loan disbursements,

The Rupee ended almost flat on Wednesday despite robust dollar demand from corporates, especially oil companies, as RBI likely intervened

The Rupee ended almost flat on Wednesday despite robust dollar demand from corporates, especially oil companies, as RBI likely intervened