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The Reserve Bank of India rejected Tata Sons' application to surrender its NBFC licence, mandating a public listing and impacting leadership decisions due to shareholder disagreements.
Kerala Bank clarified its CCTV and alarm tender process, stating it followed regulatory directives. A re-tender secured lower rates, ensuring institutional benefit and legal transparency.
A Union Bank assistant manager faces charges for allegedly leaking deposit data, which the bank claims caused a Rs 3,145 crore share value drop. The FIR alleges breach of trust and cheating.
An engineer died tragically after being trapped in a currency shredding machine at the RBI office in Thiruvananthapuram, whilst it was being tested.
Dismissing speculation about a premature end to the scheme, RBI Governor Sanjay Malhotra stated that there are no plans to withdraw the incentives before the deadline.
The Reserve Bank of India kept its benchmark policy rate unchanged at 5.25 per cent.
Of the total penalty amount collected, private banks amassed ₹4948.71 crore, whereas the 12 public sector banks recovered ₹2137.92 crore.
The Centre for Advanced Financial Research and Learning (CAFRAL), set up by the Reserve Bank of India in 2011, has emerged as an important policy research and capacity-building institution for the financial sector. Over the years, it has made valuable contributions in areas such as board
The Reserve Bank of India maintained its key interest rate at 5.25%, assessing global conflicts' inflationary impact and a depreciating rupee.
Kerala's elderly population now exceeds 20%, with the lowest proportion of under-15s, signalling future fiscal strain on healthcare and pensions.
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