Reserve Bank of India
Mar 7, 2025 · RBI issues Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks; RBI – Digital Payments Index for March 2024
Press Releases - Reserve Bank of India
Oct 17, 2024 · Action against select NBFCs including NBFCs-MFIs The Reserve Bank of India has today, in exercise of its powers under Section 45L(1)(b) of the Reserve Bank of India Act, 1934, issued Directions to the following NBFCs to cease and desist from sanction and disbursal of loans, effective from close of business of October 21, 2024:
RBI takes action against Asirvad Micro Finance, Arohan Financial ...
Oct 18, 2024 · The Reserve Bank of India (RBI) has taken strict regulatory action against four Non-Banking Financial Companies (NBFCs), halting their loan sanctioning and disbursal activities starting from October 21, 2024.
RBI Action: RBI bars 4 NBFCs from sanction and disbursal of …
Oct 17, 2024 · RBI Action: The Reserve Bank of India has directed four non-banking financial companies and microfinance institutions to halt the sanction and disbursement of new loans starting October 21, 2024. This action is due to concerns over their pricing policies and …
RBI action specific, doesn't flag systemic concerns: NBFC chiefs at …
Nov 6, 2024 · The heads of non-banking finance companies (NBFCs) opine that the recent action by the Reserve Bank of India (RBI) against four entities -- Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv Limited – will not affect the sector since the move was initiated by the regulator ...
RBI action on 4 NBFCs: Microfinance SRO makes a pitch for 4
Oct 22, 2024 · Following a regulatory crackdown on four non-banking financial companies (NBFCs), including two microfinance institutions, for charging “usurious” interest rates, a self-regulatory organisation (SRO) has asked its members …
RBI action: Cheques to be cleared within few hours now, closing …
Aug 8, 2024 · To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, it is proposed to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'.
RBI to inject record Rs 2.5 trillion in banking system after …
Feb 12, 2025 · India’s central bank will infuse a record quantum of funds into the banking system through an overnight infusion on Wednesday, after it aggressively intervened in the foreign exchange (FX)...
RBI MPC Meet: RBI Repo Rate Cut, RBI Monetary Policy …
Feb 7, 2025 · RBI Monetary Policy, RBI Repo Rate Cut: The Reserve Bank of India has cut repo rate for the first time in 5 years. Repo rates have been reduced by 25 bps to 6.25% from 6.50%. The RBI Governor ...
RBI imposes monetary penalty on Axis Bank and HDFC …
Sep 11, 2024 · The Reserve Bank of India (RBI) has imposed a Rs 2.91 crore penalty on Axis Bank and HDFC Bank for failing to comply with regulatory standards.