Tag Archives: RBI

Cooperative banks now under RBI

Reported by | Updated: September 18, 2020

The Banking Regulations Bill became law with the Lok Sabha passing the bill to bring cooperative banks under the supervision of the Reserve Bank of India. Following the passage, if the bill, Finance Minister Nirmala Sitharaman said for the last two years, depositors of cooperative banks and small banks are facing problems and the government […]

RBI approves Shyam Srinivasan’s reappointment

Reported by | Updated: July 18, 2020

The Reserve Bank of India has approved the reappointment of Shyam Srinivasan as the MD & CEO of the Federal Bank. The reappointmente will be with effect from 23 September 2020 for a period of one year. The bank said in a corporate filing as required under Regulation 30 of SEBI (Listing Obligations and Disclosure […]

RBI most popular central bank on Twitter

Reported by | Updated: May 20, 2020

Reserve Bank of India is the most popular central bank on Twitter, relegating US Federal Reserve and European Central Bank to lower positions. RBI’s Twitter handle has 7.45 lakh followers while US Federal Reserve, the world’s most powerful central bank has about 6.17 lakh followers and European Central Bank 5.55 lakh followers. RBI is present […]

RBI says no dividend by banks till September, extra NPAs to be provided for

Reported by | Updated: April 18, 2020

RBI governor Shaktikanta Das has announced the decision to reduce the fixed rate reverse repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 4 to 3.75 % with immediate effect. The policy repo rate remains unchanged at 4.40 % and the marginal standing facility rate and the bank rate remain unchanged […]

Kotak withdraws case against RBI

Reported by | Updated: February 4, 2020

The Reserve Bank of India and Uday Kotak, promoter of Kotak Mahindra Bank, have reached an agreement wherein the promoter will be allowed to own 26% of the equity of the bank. This has paved the way for the dispute raised by the regulator to be amicably settled. RBI had earlier stipulated that Kotak should […]

RBI reconstitutes portfolios of deputy governors

Reported by | Updated: January 29, 2020

The Reserve Bank of India has reconstituted the portfolios of the deputy governors following the appointment of Dr Michael Debabrata Patra as a deputy governor. Accordingly, N.S. Vishwanathan will handle coordination, departments of regulation, communication, enforcement, inspection, risk monitoring and secretarial. B.P. Kanungo will be in charge of the departments of currency management, external investments […]

Michael Patra is new deputy governor at RBI

Reported by | Updated: January 14, 2020

Michael Debabrata Patra, who is now ED in charge of monetary policy division at the Reserve Bank of India, has been appointed deputy governor of the central bank. A career central banker, he will fill in the post left vacant by Viral Acharya who left RBI in July 2019. He is expected to take over […]

RBI puts restrictions on UCBs over corporate loans

Reported by | Updated: January 3, 2020

The Reserve Bank of India put restrictions on urban cooperative banks while offering large corporate loans. The regulator has brought in these curbs in the light of the scam that hit PMC Bank where depositors lost their valuable money after the bank allegedly provided funds to a group without following lending norms and the funds […]

RBI appoints panel for DHFL

Reported by | Updated: November 28, 2019

The Reserve Bank of India has constituted a 3-member committee to advise the administrator of DHFL before it is formally moving for resolution of the mortgage lender under the insolvency law. The panel consists of IDFC First Bank’s non-executive chairman Rajiv Lall, ICICI Prudential Life Insurance’s MD and CEO N S Kannan, and mutual funds” […]

Satish Marathe wants RBI to regulate UCBs

Reported by | Updated: November 18, 2019

Satish Marathe, central board director of the Reserve Bank of India, has suggested to the government that it give full powers to the RBI to regulate urban cooperative banks in the country. The suggestion comes in the wake of the collapse of Punjab and Maharashtra Cooperative Bank in Mumbai. Marathe has written a letter to […]

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