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RBI levies monetary penalties on 4 Co-operative Banks for breaching regulatory norms
Mumbai, December 30, 2024: The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for non-compliance with regulatory norms. The...
RBI MPC Update: Repo rate likely to remain unchanged as inflation concerns take precedence
The Reserve Bank of India (RBI) is expected to maintain its key policy repo rate at 6.5% during the Monetary Policy Committee (MPC) meeting...
RBI imposes monetary penalty on The Sathamba People’s Co-operative Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only)...
Poland Boosts Support to the World Bank’s International Development Association, fund for low-income countries
The Government of Poland has pledged to increase its contribution to the World Bank’s IDA by 100% compared to its previous IDA contributions, demonstrating its...
Credit growth to moderate, asset quality pressure to rise: ICRA
Ratings agency ICRA anticipates the slew of regulatory measures and tighter funding conditions in the domestic markets to result in a steady slowdown in...
RBI keeps Repo Rate steady at 6.5%, shifts policy stance to “Neutral”
At the October 9, 2024, meeting of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), the central bank decided to keep the...
IFC Partners with Axis Bank to Provide a $500 million Climate Loan in India
The International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution, is partnering with Axis Bank, one...
RBI appoints Shri Aviral Jain as executive director, effective october 1, 2024
The Reserve Bank of India (RBI) has announced the appointment of Shri Aviral Jain as its new Executive Director (ED), effective from October 1,...
IDFC FIRST Bank announces successful completion of merger with IDFC Limited, effective October 01, 2024
IDFC FIRST Bank announced today, following its Board meeting, that the merger with IDFC Limited has been successfully completed after obtaining all necessary shareholder...
More than 400 Million Students Affected by Climate-Related School Closures since 2022: World Bank
A staggering 400 million students globally experienced school closures from extreme weather since 2022, according to a new World Bank report released today. The...
Santander and Formula 1 are excited to announce their new official partnership
Santander and Openbank brands will appear prominently at Formula 1 races in the group’s main marketsMadrid, 4 September 2024.
Banco Santander today announced that it...
RBI imposes monetary penalty on two different Co-operative bank and one Zila Sahkari bank
RBI in action: RBI imposes monetary penalty
The Reserve Bank of India (RBI) has, by an order dated August 23, 2024, imposed a monetary penalty...
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