Depositors of The  Kapol Co-operative Bank were permitted to drawn amount only upto Rs. 3,000 from their Savings Bank and Current Bank Account as per Reserve Bank of India directives. Also, RBI added that Kapol Co-operative Bank was in troubled waters, and thus barred the bank from granting or renewing any loans or advances without

The crack in foreign shareholding cap in HDFC Bank, in recent times, has led to talks between SEBI and RBI. Shocked by a recent breach of foreign ownership limit at HDFC Bank, regulators and intermediaries are facing the question of monitoring foreign investors in real time. SEBI and RBI held talks on exchange of data

The Reserve Bank of India (RBI) is coming out with a Standard Operating Procedures (SOP) for approval of foreign direct investment (FDI) proposals by ministries. A recent meeting between the ministries, discussed the proposal for setting up norms for FDI approvals in sensitive sectors, which are currently under government approval of the FDI policy.  The

With the figures of the Listed Banks, available as on 31st December 2016, the RBI says that the banks’ asset quality position appears to have improved. The  gross non-performing assets (NPAs) ratio in the banking system has gone up, though the ratio has come down for the first time in some quarters says the report.

Come April 2017, RBI has plans to bring down the Merchant Discount Rates on debit card transactions.  The plans are to rationalise the charges on the basis of merchant turnover rather than the slab rate followed at present.  The rates will also differ for general transactions and Government transactions. The proposed changes are: SN Transaction