Tag: RBI

Business and Economy

Cabinet approves Infusion of capital by Government in IDBI Bank

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Infusion of Rs 4,557 crore by Government in IDBI Bank. It will help in completing the process of IDBI Bank’s turnaround ...
September 3, 2019
Business and Economy

RBI Cuts Repo Rate By 35 Bps to 5.40%

The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points (bps) in its third bi-monthly policy review of the financial year. It was fourth rate ...
August 7, 2019
Business and EconomyIndia

No Bank has Power to Employ Bouncers to Recover Loans: ...

No bank has the power to employ bouncers for forceful recovery of loans from customers, Union Minister of State for Finance Anurag Thakur said in the Lok Sabha today. Mr Thakur also said there is ...
July 1, 2019
Business and Economy

RBI panel suggests measures to develop MSMEs

The Reserve Bank of India on Tuesday issued a report of the expert committee on Micro, Small and Medium Enterprises (MSME). The panel in the detailed report recommended a government-sponsored Fund of Funds (FoF) of ...
June 26, 2019
Business and Economy

Launch of Complaint management system by RBI against any regulated ...

The Reserve Bank of India Monday launched an application on its website for lodging complaints against banks and NBFCs with a view to improve customer experience in timely redressal of grievances. The Complaint Management System ...
June 25, 2019
Business and EconomyIndia

RBI Deputy Governor Viral Acharya resigns

The Deputy Governor of the Reserve Bank of India, Viral Acharya who was in-charge of the monetary policy department, has resigned six months ahead of his scheduled term end. Acharya submitted a letter a few ...
June 24, 2019