May 29, 2021 10:21 am
The penalty has been slapped after examining a complaint by a whistleblower regarding irregularities in the auto loan portfolio of the lender.
February 26, 2021 6:22 pm
The RBI said the period of study in this report is from October 2016 to March 2020 commencing with the formal operationalisation of the FIT framework in the country but excluding the period of the COVID-19 pandemic in view of data distortions.
November 29, 2020 7:24 pm
The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for two days starting December 2. The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.
November 23, 2020 6:03 am
"The six-month moratorium has given a lot of cushion for retail borrowers."
November 23, 2020 4:54 am
There are some who also raised questions on the way RBI came out with its resolution plan for LVB and announced that it has decided to merge the bank with DBS.
October 21, 2020 8:44 am
It sabotages economic justice because fiscally funding banking diverts money from education, health and skilling expenditure.
October 07, 2020 9:27 pm
The meeting of the six-member MPC, earlier slated for September 29 to October 1, was rescheduled as the appointment of independent members was delayed. The MPC must have a quorum of four.
October 05, 2020 10:10 am
Monetary Policy Committee is the statutory committee that fixes the key policy interest rate and monetary policy stance of the country as well as the inflation target.
August 25, 2020 7:32 pm
"COVID-19's epidemiological dynamics are still rapidly evolving in India, rendering difficult an accurate assessment of its full macroeconomic effects," RBI said in its annual report.
August 24, 2020 9:02 am
Since October 2016, the Monetary Policy Committee has witnessed a sharp and sustained deceleration in economic growth even as retail inflation has managed to stay out of the comfort zone over the past 6 months