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...

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RBI MPC Update: Repo rate likely to remain unchanged as inflation concerns take precedence

PJdesk - 02/12/2024 0

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...

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RBI imposes monetary penalty on The Sathamba People’s Co-operative Bank Ltd

PJdesk - 12/11/2024 0

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)...

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Poland Boosts Support to the World Bank’s International Development Association, fund for low-income countries

PJdesk - 08/11/2024 0

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...

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Credit growth to moderate, asset quality pressure to rise: ICRA

PJdesk - 26/10/2024 0

Ratings agency ICRA anticipates the slew of regulatory measures and tighter funding conditions in the domestic markets to result in a steady slowdown in...

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RBI keeps Repo Rate steady at 6.5%, shifts policy stance to “Neutral”

PJdesk - 09/10/2024 0

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...

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IFC Partners with Axis Bank to Provide a $500 million Climate Loan in India

PJdesk - 08/10/2024 0

The International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution, is partnering with Axis Bank, one...

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RBI appoints Shri Aviral Jain as executive director, effective october 1, 2024

PJdesk - 05/10/2024 0

The Reserve Bank of India (RBI) has announced the appointment of Shri Aviral Jain as its new Executive Director (ED), effective from October 1,...

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IDFC FIRST Bank announces successful completion of merger with IDFC Limited, effective October 01, 2024

PJdesk - 28/09/2024 0

IDFC FIRST Bank announced today, following its Board meeting, that the merger with IDFC Limited has been successfully completed after obtaining all necessary shareholder...

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More than 400 Million Students Affected by Climate-Related School Closures since 2022: World Bank

PJdesk - 07/09/2024 0

A staggering 400 million students globally experienced school closures from extreme weather since 2022, according to a new World Bank report released today. The...

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Santander and Formula 1 are excited to announce their new official partnership

PJdesk - 05/09/2024 0

Santander and Openbank brands will appear prominently at Formula 1 races in the group’s main markets Madrid, 4 September 2024. Banco Santander today announced that it...

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RBI imposes monetary penalty on two different Co-operative bank and one Zila Sahkari bank

PJdesk - 29/08/2024 0

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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RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

RBI updates FEMA regulation to boost cross-border rupee transactions

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