RBI supersedes New India Co-operative Bank board for 12 months after imposing restrictions over lending irregularities
RBI’s action was necessitated due to certain material concerns emanating from poor governance standards observed in the ...
RBI to inject $16 billion next week to cover tax outflows, liquidity
The RBI has doubled the quantum of government securities it aims to purchase Rs to 400 billion rupees ($4.61 billion) on a ...
India's central bank supersedes board of New India Co-operative Bank
India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day after its depositors were barred from withdrawing money from the lender. The ...
Mid-Day on MSN4d
Mumbai: Customers line up outside Mumbai’s New India Co-operative Bank branches after RBI ban
A day after the Reserve Bank of India barred New India Co-operative Bank from issuing new loans and suspended deposit withdrawals for six months, citing supervisory concerns and the lender`s liquidity ...
Factbox-India's central bank begins unwinding curbs on NBFCs and banks
The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved ...
India's central bank boosts long-term liquidity infusion again
India's central bank on Wednesday surprised markets by announcing another liquidity infusion this week as it aims to inject ...