Page 683 - Finance News

Sebi imposes Rs 5 Lakh penalty on five entities over disclosure lapses

The regulator has also levied a fine of Rs 2 lakh on Dadima Capital for violating disclosure norms

RBI likely to cut policy rate by 25 bps amid concerns of economic slowdown

Lending rates did not move down much after the first two rate cuts of 2019

RBI monetary policy review: Signalling only via rate cuts is not enough

Past evidence has proven that transmission works best when there is positive banking system liquidity during rate cuts and tight liquidity during rate hikes

RBI monetary policy poll: Majority see 25 bps cut, more can be in store

Of the 15 economists and market players who participated in the poll, two predicted a 50-basis point cut, while the rest anticipated a rate reduction by 25 bps

RBI slaps penalties on nine banks over delay in reporting of frauds

Public sector lender Punjab National Bank (PNB) said the RBI has imposed a penalty of Rs 50 lakh on it

RBI fines Oriental Bank Rs 1.5 cr for delay in reporting KFA fraud

The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order

Basic savings accounts in co-op banks should be made free, says RBI

The BSBD Account shall be considered a normal banking service available to all, RBI said

RBI fines PNB Rs 50 lakh for delay in reporting Kingfisher Airlines fraud

In a separate filing, Bank of Baroda said the RBI has imposed a fine of Rs 50 lakh on it for delay in reporting fraud in an account

RBI to issue cash management bills of Rs 25,000 crore on August 6

These bills are issued on behalf of the government to meet the short-term cash needs of the centre

Seven public sector banks fined over violation of RBI's guidelines

Banks fined on July 31 were Allahabad Bank, Bank of Maharashtra, Bank of Baroda, Bank of India, Indian Overseas Bank, Union Bank of India, and Oriental Bank of Commerce

RBI tightens fit-and-proper criteria for directors on PSB boards

While the revised norms are applicable only to public sector banks, separate guidelines for private banks and non-banking financial companies may be in the offing

Housing finance companies get Rs 10,000-crore liquidity infusion

Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in NBFCs

RBI Governor asks private banks to pass on rate cut benefits faster

RBI is widely expected to go in for a 50 basis points rate cut at its review next week

Sebi tells commodity bourses to set up investor protection and service fund

An investor service centre will record investor complaints, provide counselling services

SBI (Shanghai) becomes 1st Indian bank to link up with China payment system

The CNAPS, launched in 2008 by People's Bank of China provides real-time settlement services for all payments cleared in mainland China, as well as in all clearing banks in offshore yuan centers

Bond bonanza to help Indian banks battle world's worst bad loan ratio

The windfall treasury profits come as a relief for lenders staring at a potential surge in bad loan provisions due to a slowing economy and a cash squeeze in the nation's shadow banking system

Bank credit up 12%, deposits 10.6%; non-food credit increases 11.1%

Non-food credit, on a year-on-year basis, increased 11.1 percent in June same as the year-ago period

RBI allows Bank of China to offer regular banking services in India

In another notification, the RBI said 'Jana Small Finance Bank Limited' too has been included in the Second Schedule

Govt to issue overseas sovereign bonds in tranches: FinMin official

Govt to go ahead with plan following wider consultations: Official

Govt invites applications for new RBI deputy governor after Acharya's exit

The position fell vacant after Viral Acharya resigned six months before the scheduled end of his term