Page 25 - Latest Updates on Reserve Bank of India
Sensex, Nifty end in red, report biggest monthly decline since March 2020
Go Fashion makes stellar debut, lists at 91% premium; Star Health IPO receives lukewarm response
 "Sensex, Nifty end in red, report biggest monthly decline since March 2020")
Reliance Capital to "fully co-operate" with RBI; stock at 5% lower circuit
The Company has no outstanding loans from banks and approximately 95 per cent of its debt is in the form of debentures, it said
 "Reliance Capital to \"fully co-operate\" with RBI; stock at 5% lower circuit")
Why RBI move to supersede Reliance Capital board is par for the course
The dire financial condition of RCap is emblematic of the decline of the Anil Ambani group in the last five-six years
 "Why RBI move to supersede Reliance Capital board is par for the course")
RBI imposes penalty of Rs 1 crore on Union Bank of India
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, says RBI
 "RBI imposes penalty of Rs 1 crore on Union Bank of India")
Top headlines: RBI supersedes RCap; Parl passes bill to repeal farm laws
Business Standard brings you the top news on Monday
RBI supersedes Reliance Capital board, says firm to go for insolvency soon
The RBI has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, administrator of Reliance Capital
RBI wants digital currency included under definition of 'bank note': FinMin
RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption
Draft amalgamation scheme insensitive and a cruel joke: PMC depositors
PMC assets sufficient to meet liabilities of all retail depositors, says Depositors Association
 "Draft amalgamation scheme insensitive and a cruel joke: PMC depositors")
RBI imposes monetary penalty of Rs 1 crore on State Bank of India
The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India
 "RBI imposes monetary penalty of Rs 1 crore on State Bank of India")
RBI stance signals easier framework for setting up banks, say experts
The RBI is yet to clearly spell out its position on conversion of non-banking finance companies into banks
Very encouraging that RBI accepted 21 recommendations out of 33: IWG member
RBI internal group member hopes that banking licence for corporates would come in future
 "Very encouraging that RBI accepted 21 recommendations out of 33: IWG member")
RBI fines SBI Rs 1 crore for holding excess shares in borrower companies
SBI allegedly violated the 30% cap on holdings imposed under the Banking Regulation Act
 "RBI fines SBI Rs 1 crore for holding excess shares in borrower companies")
RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs
According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years
 "RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs")
Top headlines: RBI mum on corporates in banks; Niti releases poverty index
Business Standard brings you the top stories on Friday
 "Top headlines: RBI mum on corporates in banks; Niti releases poverty index")
RBI releases recommendations of IWG on ownership guidelines for pvt banks
RBI says 21 of total 33 recommendations of the Internal Working Group have been accepted
 "RBI releases recommendations of IWG on ownership guidelines for pvt banks")
Indians' foreign investments increase 28% in 12 months, shows data
Lower remittance share, higher growth amid diversification play
 "Indians' foreign investments increase 28% in 12 months, shows data")
RBI puts curbs on Malkapur Urban Co-op Bank; caps withdrawals at Rs 10,000
The RBI imposed several restrictions, including a Rs 10,000 cap on withdrawals, on Malkapur Urban Co-operative Bank in Maharashtra due to deterioration in its financial position
 "RBI puts curbs on Malkapur Urban Co-op Bank; caps withdrawals at Rs 10,000")
Interest rate cycle is turning, experts foresee gradual rise in loan costs
10-year bond yield may touch 6.5% soon, guided by orderly evolution motif of RBI
 "Interest rate cycle is turning, experts foresee gradual rise in loan costs")
Tracking economic indicators with Consumer Confidence Indices
The Consumer Confidence Indices are released by the RBI every two months. This indicator is the result of a large-scale survey on people's financial health and their plans. Find out more about it here
 "Tracking economic indicators with Consumer Confidence Indices")
Co-operative societies can't use 'bank' in their names, says RBI
The RBI on Monday cautioned the public against co-operative societies using 'bank' in their names as well as accepting deposits from people who are not their members.
