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Misuse of asset reconstruction firms to fast track insolvency process: RBI

Economy

31 May, 2024

Misuse of asset reconstruction firms to fast track insolvency process: RBI

Asset reconstruction companies (ARCs) are being misused by "tainted" promoters to enter the bankruptcy process after leading their firms to ......

RBI cracks down on CDPQ-backed Edelweiss ARC, ECL Finance for rule violations

Finance

29 May, 2024

RBI cracks down on CDPQ-backed Edelweiss ARC, ECL Finance for rule violations

The Reserve Bank of India on Wednesday imposed restrictions on Edelweiss Asset Reconstruction Company Ltd and group company ECL Finance ......

RBI bars Kotak Mahindra from taking new clients online due to IT deficiencies

Finance

24 April, 2024

RBI bars Kotak Mahindra from taking new clients online due to IT deficiencies

India's central bank said on Wednesday it had barred Kotak Mahindra Bank from taking on new customers via its online ......

RBI holds key rate steady on robust growth, above target inflation

Economy

05 April, 2024

RBI holds key rate steady on robust growth, above target inflation

The Indian central bank's key interest rate was kept unchanged for a seventh straight policy meeting on Friday as growth ......

RBI moves to ensure continuity of UPI payments on Paytm

TMT

23 February, 2024

RBI moves to ensure continuity of UPI payments on Paytm

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine ......

RBI chief favours financial creditor-led resolution framework for stressed assets

Finance

11 January, 2024

RBI chief favours financial creditor-led resolution framework for stressed assets

Amendments to India's bankruptcy law should focus on a financial creditor-led framework for resolution of stressed assets, the governor of ......

RBI holds repo rate for second straight meet

Economy

08 June, 2023

RBI holds repo rate for second straight meet

India's central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, ......

RBI sees FY24 inflation at 5.2%, says need to evaluate actions of previous hikes

Finance

06 April, 2023

RBI sees FY24 inflation at 5.2%, says need to evaluate actions of previous hikes

The Reserve Bank of India Governor Shaktikanta Das said that inflation for FY 2023-24 is projected at 5.2%. RBI governor noted, ......

RBI holds key repo rate at 6.5%

Finance

06 April, 2023

RBI holds key repo rate at 6.5%

The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive ......

RBI asks Ienders for details of exposure to Adani Group

Finance

02 February, 2023

RBI asks Ienders for details of exposure to Adani Group

The Reserve Bank of India (RBI) has asked local banks for details of their exposure to the Adani Group of ......