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[ad_1] Shaktikanta Das hit out against “smart accounting” to conceal stress and bloat financial performance. Mumbai: The Reserve Bank has found gaps in banks’ corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Mr Das said such gaps, which have been mitigated, could have caused…
[ad_1] The Reserve Bank of India (RBI) recently announced the withdrawal of Rs 2000 notes from circulation on May 19, 2023. While the banknotes will still remain legal tender, the RBI has advised all banks to provide exchange and deposit facilities until September 30, 2023. After this date, individuals will no longer be able to…
[ad_1] Under the LRS, all resident individuals are allowed to remit up to USD 2,50,000 per financial year. New Delhi: Tax Collected at Source (TCS) for spending through international credit cards under RBI’s Liberalised Remittance Scheme on overseas tour packages and any other remittance (such as for bonds, shares, and real estate gifts) will be…
[ad_1] Shaktikanta Das said RBI is optimistic about the 6.5 per cent real GDP growth rate in fiscal 2024 Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday said the cooling off in headline inflation to 4.7 per cent during April is “very satisfying”. The governor said the release of the official data on…
[ad_1] RBI Governor Shaktikanta Das said there is a declining trend in global growth Mumbai: Reserve Bank governor Shaktikanta Das on Friday said despite the multiple shocks to the global economy from the pandemic, the Ukraine war and synchronised monetary policy tightening across the world, the domestic economy and financial sector are stable and the…
[ad_1] The reserves stood at $560.94 billion in the week to Feb. 24. (File) Mumbai: India’s foreign exchange reserves rose for the first time in five weeks and stood at $562.40 billion as of the week ended March 3, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves increased by $1.46…
[ad_1] The rupee ended at 81.9650 today. (File) Mumbai: Foreign exchange reserves fell for the fourth straight week to a three-month low of $560.94 billion as of the week ended Feb. 24, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves were down by $330 million at the end of last…
[ad_1] RBI said the penalty is based on the deficiencies in regulatory compliance.(File) Mumbai: The Reserve Bank today said it has imposed a penalty of Rs 2.66 crore on Bank of Bahrain & Kuwait BSC, India operations for non-compliance with directions on cybersecurity framework. In a statement, the Reserve Bank of India (RBI) said the bank…
[ad_1] RBI Monetary Policy: RBI is expected to raise its key lending rate by 35 basis points today. New Delhi: The Reserve Bank of India (RBI) is widely seen raising its key lending rate by 35 basis points today as inflation continues to stay above its tolerance band but markets will be looking to its…
[ad_1] For the week ended Nov 18, India’s reserves were at $547.25 billion.(File) Mumbai: India’s foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through Nov. 25, the Reserve Bank of India’s (RBI) weekly statistical supplement showed on Friday. For the week ended Nov 18, the country’s reserves were at…