This amount is determined after accounting for provisioning for bad loans, asset depreciation, employee benefits, and other statutory expenses under the RBI Act. The central bank's actions ...

What is the legal basis of RBI’s surplus transfer? As per Section 47 of the RBI Act, after making provision for bad or doubtful debt, depreciation in assets, contributions to staff and ...

The RBI sought action against four NBFCs, asking them to cease and desist from making new loan sanctions and disbursements As Reserve Bank of India (RBI) on Thursday sought action against four Non ...

Hyderabad: In a major setback to Margadarsi Financiers, owned by the late media baron Ch Ramoji Rao, the Reserve Bank of India informed the Telangana High Court that the entity was liable for ...

The Indian Rupee (INR) has been under the vigilant watch of the Reserve Bank of India (RBI), which has been ... This balancing act will be crucial in shaping the future of India’s monetary ...

the central bank said that under the updated sandbox framework, entities should have appropriate technical and organisational measures to ensure effective compliance of the provisions of the Act.

To facilitate this, necessary amendments to the relevant section of the RBI Act, 1934, were made with the passage of the Finance Bill 2022. RBI selected nine banks for its pilot project The RBI ...

Back in 2018, Acharya had spoken about the rift during his address at AD Shroff Memorial Lecture ... refusal by the RBI, the Centre had invoked Section 7 of the RBI Act. For the first time ...

Das, who was delivering a lecture at the Delhi School of Economics ... by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 was made with the ...

New Delhi: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to meet soon to decide on the repo rate to contain inflation. The MPC had met on November 3, to discuss ...

Under the Reserve Bank of India (RBI) Act Section 26(2), a recommendation by the RBI’s Central Board precedes any decision to demonetise any series of currency notes. The Supreme Court on Friday ...

In a statement issued, the central bank said that in accordance with the provisions of Section 45ZN of the RBI Act, a special meeting of the Monetary Policy Committee (MPC) has been convened on ...