Freebies are desirable but there has got to be restraint as they are an enormous fiscal burden, former Reserve Bank of India ...

RBI imposes monetary penalty on Canara Bank, Bank of India, J&K Bank for non-compliance of KYC norms, loan breaches ...

The move has been initiated at a time when Sanjay Malhotra has just taken over as the new Governor of the RBI succeeding ...

The Reserve Bank has imposed financial penalties on Jammu and Kashmir Bank, Bank of India, and Canara Bank for regulatory ...

The Reserve Bank on Friday said it has penalised Jammu and Kashmir Bank, Bank of India, and Canara Bank for deficiencies in ...

Some large Indian lenders’ earnings have been more robust. Kotak Mahindra Bank’s shares jumped more than 9 per cent on Monday after it posted a 10 per cent rise in quarterly profit, even as money set ...

The Central Bank Digital Currency (CBDC) could be used for the collection of micro-loans as an innovative tool to streamline ...

The rules, which will kick in from April 1, require banks covered under LCR to maintain a stock of high quality liquid assets ...

Sanjiv Bajaj, Chairman and Managing Director (CMD) of Bajaj Finserv said that while liquidity is not a concern for large ...

T Rabi Sankar also said that banking sector, is evolving quite effectively and absorbing technology quite well.

The RBI clarified that the penalties are based on deficiencies in regulatory compliance and do not question the validity of transactions undertaken by the banks.