Tag results for: repo rate and reverse repo
This large bank fined by RBI for failing to keep client records
The Reserve Bank of India (RBI) has severely penalized Axis Bank, a private sector bank. Axis Bank has been fined Rs 90.92 lakh by the RBI. Axis Bank has...
People are withdrawing money from their savings accounts, the effect of RBI decision is clearly visible
Since the last four MPCs, the RBI has not altered the repo rate. But loan interest rates continue to be the highest they have ever been. People are paying...
Know who will be benefitted from the new RBI rules that will be in place starting in 2024?
New guidelines for the PCA framework have been released by the Reserve Bank of India. According to the RBI, government-owned NBFCs will be subject to severe monitoring requirements under...
These 19 places are now accepting Rs 2000 note, see the list
The deadline for depositing or exchanging notes worth Rs 2000 note in the bank has passed. By 7 October 2023, people have to deposit these notes in the bank...
After SBI, the RBI took big action & fined 5 more banks, customers are unhappy after hearing this
The Reserve Bank of India (RBI) recently fined SBI, and now it has fined five cooperative banks once more. The RBI has assessed this fine for failure to comply...
UDGAM Portal: Customers can get back the unclaimed deposits in 30 banks, avail the facility of RBI
30 banks have joined the Udgam Portal, which gives information regarding unclaimed deposits, according to the Reserve Bank of India (RBI). This will make it easier for people to...