RBI Governor Sanjay Malhotra suggested a lower policy rate, citing expected alignment of inflation with the RBI's target. He ...

Last year in May 2024, RBI released a draft direction outlining the prudential framework for project loan financing ...

In case of MSE borrowers, however, these instructions shall be applicable up to the aggregate sanctioned limit of Rs 7.50 ...

RBI to inject $10 billion through USD-INR Buy/Sell swap auction for three years, aiming to stabilize currency and boost ...

The bank's general manager and head of accounts Hitesh Mehta, its former CEO Abhimanyu Bhoan and real estate developer ...

The Reserve Bank of India (RBI) fined Citibank NA, JM Financial, and Asirvad Micro Finance for regulatory non-compliance. Citibank was penalized Rs 39 ...

New India Co-operative Bank fraud case emerged as a former general manager of the bank, Hitesh Pravinchand Mehta, was allegedly found involved in siphoning ₹122 crore from the lender. The authorities ...

RBI draft circular prohibits lenders from charging foreclosure fees on floating rate loans for MSEs and individuals.

Tata Capital plans to raise funds via a share sale to existing investors in an upcoming board meeting. The firm is also preparing for an IPO worth over Rs 15,000 crore to meet RBI regulations and ...

The Economic Offences Wing’s probe into the Rs 122 crore New India Cooperative Bank embezzlement case has found that the lender had retention limit of Rs 20 crore for the cash safe though the books ...

In this regard, Mumbai Grahak Panchayat ( MGP) is conducting an On-line Survey of New India Bank depositors. The link to the ...

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