SBI-led consortium orders forensic audit of Punj Lloyd accounts
The audit is being conducted in line with RBI’s guidelines that stipulate borrowers undergo a forensic audit to avail benefits of its S4A loan restructuring scheme.
RBI monetary policy: Here's what Raghuram Rajan had to say
"We have plenty of dollars that we can supply if necessary. We are also committed ...
RBI Governor Raghuram Rajan keeps promise, speaks in Hindi at RBI function
Rajan was speaking at the RBI headquarters while giving away the '...
RBI consultant Gangadhar Darbha passes away in office
Algorithmic trade specialist Gangadhar Darbha, who joined RBI as a consultant only last week, passed away following cardiac arrest while at work at the central bank.
RBI lets Watsa's Fairfax to buy 51 per cent in Catholic Syrian Bank
The exception has been made considering the need to ensure adequate capital availability for turning around the struggling bank.
P2P lending companies can't bank on RBI rules this year
ET recently reported that P2P startups had decided to form an association with an intention of self-regulation. The association expects to complete their registration process by January and will be headquartered in Mumbai.
Mamata Banerjee's advice to RBI Governor Urjit Patel: stand up against demonetisation
The chief minister has listed the areas where the state has suffered a huge cash crunch.
RBI seeks finance ministry's nod to relax sponsor capital restriction for ARCs
Currently, foreign investors can in vest up to 49% via the automatic route, and beyond 49% via the government route in the capital of ARCs.
Lenders of Electrosteel apply for insolvency case against company
Electrosteel Steels, which owes more than Rs 10,200 crore to an SBI led consortium of lenders, is among the 12 cases identified by the RBI advisory panel for insolvency proceedings.
Bank informs RBI of security breach: Axis suffers cyber attack, hires EY to probe damage
Last week, Axis filed a preliminary report about the breach to RBI. The bank has hired EY, the audit and advisory firm, to carry out an investigation.
Yes Bank under-reported NPAs by over Rs 4,000 crore in FY16
As against the Rs 748.98 crore of gross NPAs reported by the city-headquartered bank as on March 31, 2016, the RBI assessment showed the same to be at Rs 4,925.68 crore.
Bankers set to deliver on RBI's 50 bps call, SBI takes lead
SBI slashed its lending rate by 0.40%, while largest private sector lender ICICI Bank hinted at cutting its base rate by at least 0.25%.
RBI Deputy Governor Mundra says JLF will be streamlined further soon
"We are trying to bring in some more improvements in the JLF mechanism. Very soon, a paper will be out for further refinements."
RBI cancels Sahara India Financial Corporation's NBFC registration
In a fresh jolt to Saharas, Reserve Bank has cancelled Sahara India Financial Corporation's certificate of registration as NBFC.
IDBI cuts rate for second time in a month
The latest announcement comes two days before RBI's bimonthly review, where the monetary policy committee (MPC) is widely expected to reduce key rates.
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