RBI asks banks to annually review accounts inoperative for over a year
The Reserve Bank of India has asked banks to annually review accounts that have not seen customer-induced transactions for over
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Tag: RBI
FIs looking to deploy AI-based models should strike a balance between innovation and responsible use of technology: RBI DG
Financial institutions looking to deploy AI (artificial intelligence)-based models may consider 10 aspects, including fairness, data privacy, explainability, accountability, and
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RBI report finds debt fund AUM of ₹1.7-lakh crore in stress
The study conducted by the SEBI has revealed that ₹1.7-lakh crore of asset under management of open-ended debt schemes of
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RBI nod for I-Pru AMC and I-Pru Life to acquire 9.95% stake in RBL Bank
The Reserve Bank of India has accorded its approval to ICICI Prudential Asset Management Company Ltd. (I-Pru AMC) and ICICI
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Sharp spike in speculative trades triggers RBI curbs on unsecured loans
Unusually high spurt in certain select activities such as crypto currency trades, equity derivatives and online gaming such as teen patti, rummy,
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Multiple banks lending to the same NBFCs dilute post-sanction monitoring
Speaking on the issue of increasing interconectedness between banks and NBFCs, RBI Deputy Governor Swaminathan J said on Thursday that
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India’s forex reserves rose by $58 billion cumulatively in 2023
India’s foreign exchange reserves increased by $4.471 billion to $620.441 billion in the week ending December 22, 2023, hitting a
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Final decision on customer complaints should be communicated in 30 days: RBI tells Banks, NBFCs
Regulated entities (REs) and their Internal Ombudsmen (IOs) should ensure that a final decision is communicated to customers within a
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RBI fixes SGB redemption price at ₹6,331 a unit
The Reserve Bank of India has fixed a price of ₹6,331 per unit for premature redemption of two tranches of
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RBI conducts 7-day VRR auction
Liquidity tightness in the banking system forced banks to place bids aggregating over ₹3-lakh crore crore at the 7-day variable
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