Page 48 - Reserve Bank Of India

RBI approves interim leadership team after IndusInd CEO Kathpalia quits

IndusInd Bank CEO Sumant Kathpalia resigned after audit firm Grant Thornton found nearly ₹2,000 crore in losses related to the bank's derivatives portfolio

Bank holidays 2025: Are banks open on May 1st? Check the state-wise list

In celebration of Labour Day and Maharashtra Day, Indian stock markets, banks, and schools will all be closed on May 1, 2025. Workers' contributions are honoured on this official holiday

RBI has room for more rate cuts, but with caution, says rate panel member

Going forward, continuing policy easing - both rate cuts and liquidity infusions - could eventually alter the growth-inflation

Bank holidays in May 2025: 12-day state-wise schedule and key dates

In May 2025, banks are scheduled to remain shut for 12 days due to state-wise regional and national holidays. Check complete list here

IndusInd Bank up for 5th straight day; gains 41% from March low, here's why

Arun Khurana, deputy CEO of IndusInd Bank, has resigned with immediate effect, taking responsibility for the ₹1,960 crore losses due to incorrect accounting of internal derivative trades.

Rupee rallies to under 85 vs dollar intraday on strong equity inflows

RBI to conduct OMO to purchase Gsec worth ₹1.25 trillion

Norms on forwards likely to boost demand for 10-15-year state bonds

The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points

IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder

Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024

RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes

The Reserve Bank of India on Monday asked banks to ensure that ATMs dispense Rs 100 or Rs 200 denomination notes to enhance the availability of these currency notes to the public. Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner. "As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) shall ensure that their ATMs dispense Rs 100 and Rs 200 denomination banknotes on a regular basis...," the Reserve Bank of India (RBI) said in a circular. According to the circular, by September 30, 2025, 75 per cent of all ATMs (Automated Teller Machines) shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette. By March 31, 2026, 90 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette.

Inherent risks in sustainable finance drive up lending costs: RBI's Rao

He noted that this prompts private sector investors and lenders to seek appropriate de-risking mechanisms

L&T Finance to increase commercial paper issuance amid softening rates

L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024

Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra

RBI governor says rupee's orderly movement reflects strong macro fundamentals

Debt mutual funds find their mother lode after mining market depths

Strike a rich vein after a tough three-year haul of ₹2.8 trillion in outflows

Stance change means possibilities of more rate cuts: MPC's Nagesh Kumar

Kumar says that the impact of reciprocal tariffs imposed by the United States (US) is mixed and there is fiscal space to support public expenditure

India's foreign exchange reserves rise by $8 billion to six-month high

The reserves had hit a record high of $705 billion in September 2024

RBI imposes penalty on Indian Bank, Mahindra & Mahindra Financial Services

The Reserve Bank of India (RBI) on Friday said it has imposed penalties on Indian Bank and Mahindra & Mahindra Financial Services for certain deficiencies in regulatory compliance. A penalty of Rs 1.61 crore has been imposed on Indian Bank for contravention of certain provisions of Banking Regulation Act and non-compliance with some directions on 'Interest Rate on Advances', 'Kisan Credit Card (KCC) Scheme' and 'Lending to Micro, Small and Medium Enterprises (MSME) Sector'. In another release, the RBI slapped a fine of Rs 71.30 lakh on Mahindra & Mahindra Financial Services Limited for non-compliance with certain provisions of the 'Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016' and Know Your Customer Directions. In both cases, the central bank said penalties are based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or ...

RBI cancels licence of Imperial Urban Co-op Bank over inadequate liquidity

The Reserve Bank of India on Friday said it has cancelled the licence of Jalandhar-based Imperial Urban Co-operative Bank as the lender does not have adequate capital and earning prospects. The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank and appoint a liquidator for the bank. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the bank, RBI said 97.79 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC. As on January 31, 2025 DICGC has already paid Rs 5.41 crore of the total insured deposits. Giving reasons for cancellation of the licence of Imperial Urban Co-operative Bank, the RBI said the continuance of the bank is prejudicial to the interests of its depositors. "The bank with its prese

RBI's cash infusion to aid more rally in short bonds, says Nomura

The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action

TMB to continue growing gold loan business in FY26, says MD & CEO Nair

The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore

Net ECB inflows more than double in Apr-Feb; highest in at least 5 years

The net inflows were $1.9 billion in February 2025, up from $1.3 billion in February 2024