RBI fined 14 banks for violation of rules

New Delhi: The central bank RBI has imposed fines on 14 banks for violating certain rules related to disbursement of loans. The country's largest State Bank of India is also included in these banks. Apart from this, RBI has also imposed penalty on IndusInd Bank, Bandhan Bank and Bank of...

RBI launches FY21 round of survey on ITES exports

Mumbai: The Reserve Bank on Thursday said it has launched the 2020-21 round of its annual survey on computer software and information technology enabled services (ITES) exports, results of which are used for compilation of balance of payments statistics. The RBI has been conducting this annual survey since 2002-03. It...

RBI bans DHFL from taking deposits under Pirmal mgmt

Mumbai: The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group''s bid to take over it towards the end of the...

We have major concerns over cryptocurrencies: Das

Mumbai: The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.It had barred entities regulated by it from dealing in such instruments. RBI Governor Shaktikanta Das on Friday made it clear that the...