-
Banks fined crores over violating KYC norms 16 July 2013
About 22 banks were penalized by the RBI for money laundering and violation of know your customer (KYC) norms. Banks will have to pay crores of Rupees as part of fines. The central bank announced the decision after checking the...
Keywords: Banks fined, Canara Bank, Canara Bank, Central Bank
Read More Rock Star economist Raghuram in hot seat 05 September 2013
At present, the chair of the RBI chief is the hottest seat there is. Taking control is 'Rock star' economist Raghuram Rajan, who had been appointed as the 23rd RBI governor on 4th September. Rajan has taken the steering wheel...
Keywords: Bank of Japan governor, Indian economic crisis, Rupee fall, Rupee fall
Read More
Central Bank Of India Customer Bags Rs 1 Crore On Digital Transaction 10 April 2017
Six lucky winners were picked up by President Pranab Mukherjee, from a draw of lots under the Government’s Lucky Grahak Yojana and Digi Dhan Vyapar Yojana schemes, aimed at promoting digital transactions in the country. The mega draw of lots...
Keywords: Rs 1 crore Lottery, Central Bank of India, Rs 1 crore Lottery, Digital India
Read More RBI Governor Subbarao : all applicants cant be bestowed bank licences! 04 July 2013
The Reserve Bank Of India (RBI) Governor Duvvuri Subbarao announced on Thursday that every companies who possess eligibility that have applied for bank licences will be bestowed one. Beforehand this week, the RBI said it had received 26 applications for...
Keywords: all applicants cant be bestowed bank licences, national news headline, non-performing assets at lenders, mandatory cash reserves
Read More Rajan wins Governor award 13 January 2015
Reserve Bank of India Governor Raghuram Rajan was conferred with 'Governor of the Year' in the Central Banking Awards for 2015 by a British magazine. This is Rajan's second major award and he had earlier won the "Best Central Bank...
Keywords: Central Banking Awards, Best Central Bank Governor, Euromoney magazine, Reserve Bank of India
Read More Friends of Libya Forum in Paris 02 September 2011
About 60 countries attended the "Friends of Libya" forum in Paris, at the Elysee Palace on Thursday afternoon, along with UN Secretary-General Ban Ki-moon. At the forum Libyan National Transitional Council (NTC) reported on the situation on the ground in...
Keywords: Telangana News Andhra, Real funny jokes, Sakshi news paper online, National Transitional Council
Read More Analysts: rate slash was marked by doubt! 17 June 2013
In the majority of instances analysts said that India's central bank was expected to keep interest rates on hold on Monday with important relations over the rupee trading near record lows likely to exceed in value of the fall in...
Keywords: borrowing rates, the central bank of India, RBI, CLSA economist Rajeev Malik
Read More
2000 note exchange: Deadline ends in 3 days 27 September 2023
2000 note exchange: Deadline ends in 3 days:- The deadline to exchange Rs 2000 currency notes is just three days away. On May 19th the Reserve Bank of India ordered the withdrawal of Rs 2000 rupee notes and asked the...
Keywords: Central Bank data, RBI on 2000 notes, Central Bank data, 2000 notes
Read More Thin line in motive for open market operations: Subbarao 01 February 2012
When central banks conduct open market operations (OMOs) driven by a need to provide liquidity to support government borrowing or reduce yields rather than for liquidity management, it "becomes a case of acquiescence in fiscal dominance," India's central bank chief...
Keywords: interpretation of the motivation, Indias Central Bank chief, liquidity management, Control over financial stability
Read More
India into Historic Recessions, says RBI 12 November 2020
India into Historic Recessions, says RBI:- With the arrival of coronavirus, the Indian economy shrank badly this year for the second straight quarter. A team of economists including Micheal Patra said that India is currently under an unprecedented recession. The...
Keywords: Reserve Bank of India news, Coronavirus, India, Reserve Bank of India
Read More
Homepage