Mumbai: The Reserve Bank of India (RBI) on Monday imposed monetary penalties on two co-operative banks for failing to comply with its regulatory directions. In an order dated June 26, the RBI imposed a penalty of Rs 14.30 lakh on Shree Kadi Nagarik Sahakari Bank Limited, based in Mehsana district of Gujarat. The action was…
New Delhi: The RBI’s new regulations on project financing are set to improve how risks are managed in this sector, as per a recent Crisil report. The move aims to create a stronger, more consistent framework by aligning regulations across banks and other financial institutions. These final directions are expected to bring much-needed clarity, reduce…
Mumbai: The house purchase affordability of homebuyers has improved in the first half of 2025 as the RBI slashed the repo rate by 100 basis points during this period, according to real estate advisory firm Knight Frank India. According to the Knight Frank Affordability Index, Ahmedabad is the most affordable housing market among the top…
Bank Holidays In June 2025: As June 2025 approaches, customers across India should be aware of the upcoming holidays that could impact their banking plans. The Reserve Bank of India (RBI) has released the official list of bank holidays for June 2025. These holidays vary from state to state, depending on regional, religious, and national…
New Delhi: The Reserve Bank of India (RBI) on Friday approved its highest-ever dividend of a staggering Rs 2.69 lakh crore to the PM Narendra Modi-led Central government for the financial year 2024-25. The dividend payout is a robust 27.4 per cent increase over the corresponding figure of Rs 2.1 lakh crore for the previous…
Last Updated:May 23, 2025, 19:49 IST The Indian currency closed 78 paise stronger, settling at 85.22 against the US dollar, after ending at 86.00 on Thursday This upward movement was primarily fueled by a weaker US dollar and a strong performance in the domestic equity market. Representational image The rupee recorded its most significant single-day…
New Delhi: The Reserve Bank of India (RBI) is likely to transfer a bumper dividend to the Central government — in the range of Rs 2.5-3 lakh crore – which has led to a rally in short-term bonds, analysts said on Wednesday. The RBI dividend would represent a sharp jump from last year’s dividend transfer…
Mumbai: The Reserve Bank of India proposes to cap a single regulated entity’s (RE) contribution to any Alternative Investment Funds (AIF) at 10 per cent of its corpus while collectively, a ceiling of 15 per cent will apply for investment by all REs in an AIF scheme, in the revised draft directions issued on Monday. …
