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RBI imposes monetary penalty on Citibank, BoB and IOB

The Reserve Bank of India (RBI) has imposed a monetary penalty aggregating ₹10.34 crore on three banks —Citibank NA (₹5

Leading non-banking player L&T Finance expects its cost of funds to marginally rise by 12-14 basis points due to

While banks are hugely invested in forging new and innovative ways of customer acquisition, very little thought seems to be

The recent mandate to increase risk weights for unsecured consumer loans by banks and NBFCs is a precautionary measure taken

RBI’s measure to increase risk weights on unsecured consumer loans by 25 percentage points is expected to lead to some

Cost of funds for L&T Finance Holdings could increase by 12-14 bps due to the Reserve Bank of India’s recent

The Reserve Bank of India’s recent measures to tighten norms for unsecured retail loans will help strengthen underwriting norms through higher

Top officials at the Reserve Bank of India have stated engaging with bank chiefs to understand the cause of unusually

In response to the unprecedented growth in unsecured retail loans and the consequent concerns regarding rising systemic risk, the Reserve

S Venkitaramanan, former Governor of RBI, passed away after a brief illness this morning. He was 92 and is survived