Mumbai: The Reserve Bank of India (RBI) on Monday imposed monetary penalties on two co-operative banks for failing to comply with its regulatory directions. In an order dated June 26, the RBI imposed a penalty of Rs 14.30 lakh on Shree Kadi Nagarik Sahakari Bank Limited, based in Mehsana district of Gujarat. The action was.
RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth.
New Delhi: In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5 per cent. This marks the ninth consecutive time the central bank has opted for stability in its monetary policy. Governor Das stated, “After a detailed assessment.
New Delhi: As predicted by economists, the Reserve Bank of India’s Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent. Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per.
Reserve Bank of India (RBI) and Bank of England (BoE) on Friday signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Clearing Corporation of India Limited (CCIL). The MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK’s financial.
