Browsing Tag
Reserve Bank Of India
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The Reserve Bank of India Record Dividend of Rs 87,416 Crore, Triple the Previous Year’s Amount
The Reserve Bank of India (RBI) has made a significant announcement by declaring a dividend of Rs 87,416 crore to the government.
India’s Foreign Exchange Reserves Reach New High at $599.53 Billion
India’s foreign exchange reserves surged for the third consecutive week, reaching an impressive milestone of $599.53 billion for…
The new financial year has seen Foreign Portfolio Investors invest in Indian equities at reduced valuations.
Foreign portfolio investors (FPIs) have started the new financial year by investing in Indian equities at attractive valuations, with several sectors including financials and technology companies emerging as top picks.
Five potential bidders for IDBI Bank are being evaluated by the Reserve Bank.
The privatization of IDBI Bank is seen as a key test of the government's reform agenda for the banking sector, and its ability to attract private investment into state-owned banks.
The RBI has mandated that banks should possess varied boards
The RBI has mandated banks to have diverse boards with the aim of promoting gender diversity and expertise in technology. This move has been welcomed by various stakeholders in the banking industry, and several banks have already taken steps to increase diversity on their boards.
The Reserve Bank of India has placed several constraints on five cooperative banks, owing to the lenders’ deteriorating financial condition.
The Reserve Bank of India (RBI) has recently imposed several restrictions on five co-operative banks, citing the worsening financial condition of these lenders. These restrictions include limiting withdrawals and prohibiting these banks from granting loans, making investments, incurring liabilities, and disposing of properties without prior approval from the RBI.
The Reserve Bank of India has appointed Vikramaditya Singh Khichi as a member of the Advisory Committee of M/s Reliance Capital Ltd.
The Reserve Bank of India (RBI) has appointed Shri Vikramaditya Singh Khichi as a member of the Advisory Committee of M/s Reliance Capital Ltd, a leading financial services company in India. The appointment was made to advise the administrator of debt-ridden Reliance Capital (RCap), as per a release by the apex bank.
The Reserve Bank of India mandated the incorporation of an FCRA-related transaction code in NEFT and RTGS systems.
The Reserve Bank of India has recently issued a circular dated 16th February 2023, announcing the introduction of a Foreign Contribution (Regulation) Act (FCRA) related transaction code in the NEFT and RTGS systems. This move is aimed at strengthening the transparency and accountability of transactions related to foreign contributions.