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Dhanlaxmi Bank Fined for KYC Violations
By Samuel Riding | 06/11/2015
RBI sanction comes after warning notice and arrest of former Dhanlaxmi officials.
RBI Considering Inter-regulatory Provisions in Bank of Baroda Case
By Samuel Riding | 29/10/2015
Reserve Bank of India began investigation on 12 October into remittances for allegedly non-existent imports.
Reserve Bank of India Plans IT Unit to Check Cyber Threat
By Editors | 26/10/2015
Governor Raghuram Rajan expects subsidiary to take shape in the next six to eight months.
RBI Urges Payments Banks to Share Infrastructure
By Editors | 22/10/2015
The Reserve Bank of India has suggested for newly-licensed payments banks to share infrastructure among each other in a bid to minimise costs and enable greater financial inclusion.
RBI Eases Lending Requirements for Low-Cost Housing
By Editors | 13/10/2015
Announcement of reduction in minimum risk weights and an increase in the loan-to-value ratio is a bid to boost demand for low-cost housing.
RBI Orders Corrective Action on State-Run Bank
By Editors | 07/10/2015
Indian Overseas Bank is required to improve internal controls and deal with mounting non-performing assets.
India to Increase Foreign Investment Limit for Govt. Bonds
By Editors | 01/10/2015
The Reserve Bank of India will increase the foreign investment limit in central government securities to 5 percent of the outstanding stock by March 2018, including for foreign investors.
RBI Announces Measures to Hasten Bad Debt Restructuring
By Editors | 27/09/2015
SBI and ICICI bank get permanent seat at the joint lenders forum for distressed assets.
India Relaxes Equity Investment Norms for Banks
By Editors | 20/09/2015
Lenders will no longer need prior approval to make equity investments if they have a capital risk-weighted asset ratio exceeding 10 percent and have made a profit in the previous financial year.
RBI to Cap Members in Lending Consortium
By Editors | 19/09/2015
The Reserve Bank of India is planning to restrict the numbers of members in the Joint Lenders’ Forum in a bid to ease the difficulties banks often face in resolving distressed assets.
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