MUMBAI: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors through special purpose entities set up by ...

RBI imposed a monetary penalty of ₹75 lakh on HDFC Bank over non-compliance with KYC norms. The RBI had also conducted a statutory ‘Inspection for Supervisory Evaluation’ of the bank, based ...

The Reserve Bank of India (RBI) received a good response to the $10 billion US dollar (USD)/ rupee buy/sell swap auction of three years tenor it conducted on Monday. The auction was oversubscribed ...

The RBI had initiated the repo rate-cut cycle in February. The repo rate was cut by 25 basis points (bps) to 6.25% from 6.5% on February 7, 2025. US Fed Chair Jerome Powell’s comments on the ...

The Reserve Bank of India (RBI) has introduced new guidelines for Priority Sector Lending (PSL) effective from April 1, 2025. Key updates include increased loan limits for housing, expanded ...

The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees, raising charges by Rs 2 for financial transactions and Re 1 for non-financial transactions. The revision ...

Upon reviewing HDFC Bank’s response and additional submissions, RBI identified two critical areas of non-compliance: Risk categorisation failure: The bank failed to categorise certain customers ...

The Reserve Bank of India (RBI) on Thursday (March 20, 2025) said it has appointed Indranil Bhattacharyya as executive director (ED). As executive director, Mr. Bhattacharyya will look after the ...

This shall be effective from May 1, 2025," the RBI said in a circular. Currently, banks are allowed to charge ₹21 per transaction, after a customer exhausts the free transaction limit.

RBI April 9 Repo Rate Highlights: The MPC’s stance reflects cautious optimism ,says Rohit Garg, CEO and Co-Founder, Olyv The RBI’s 25 bps repo rate cut is a clear signal to support growth ...

The higher-than-expected tariffs reinforce our view of three more rate cuts from the RBI, to a terminal rate of 5.50%, British multinational bank Barclays said in a report Mumbai: The higher-than ...