RBI
The Reserve Bank on Friday issued a revised framework for resolution of stressed assets by banks after the Supreme Court in April struck down the apex bank's earlier circular which mandated that the resolution process begin immediately on the day after default of loans worth over Rs 2,000 crore.

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Moneylife Digital Team 06 June 2019
The Reserve Bank of India (RBI), which has been subject to criticism from the Supreme Court for not sharing information under the Right to Information (RTI) Act, has again declined to share names and designations of officials responsible for monitoring and inspecting the fraud-hit Infrastructure Leasing & Financial Services (IL&FS) under the Act.

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For the first time ever, a government investigator has had the courage to call out to the Reserve Bank of India’s (RBI) weak supervision

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Moneylife Digital Team 06 June 2019
Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75%. The central bank also changed its monetary policy stance to accommodate from neutral.

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The Reserve Bank of India (RBI) on Monday barred auditing firm S.R. Batliboi & Company from handing audits in commercial banks for a period of one-year starting April 1, 2019.

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The Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans.

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The Reserve Bank of India (RBI) on Wednesday announced the setting-up of a committee to work for the development of housing finance securitisation market in the country under the chairmanship of Harsh Vardhan, Senior Advisor with Bain & Co.

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The Reserve Bank of India has decided to extend the usage timings for 'Real Time Gross Settlement' (RTGS) system from June 1

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Abhay Datar 20 May 2019
It is a fact that India continues to lag badly in public amenities and facilities for senior citizens and people with disabilities. In fact, we take the absence of special facilities so much for granted that not many people know when there is a special mandate or direction to ensure special services.

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Moneylife Digital Team 08 May 2019
Just last month, the Supreme Court gave a stern warning and final opportunity to the Reserve Bank of India (RBI) on the central bank’s position on the disclosure of annual inspection reports of banks, list of wilful defaulters and other details sought by activists under the Right to Information (RTI) Act.

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Public sector lender State Bank of India (SBI) on Wednesday became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India (RBI)'s repo rate.

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In view of the recent ruling of the Supreme Court, the government has to amend the Reserve Bank of India (RBI) Act sooner or later and publish the names of loan defaulters periodically, a top official of the All India Bank Employees' Association (AIBEA) said on Monday.

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The Reserve Bank of India (RBI) on Wednesday said that it has divested its entire stake in the National Bank For Agriculture and Rural Development and the National Housing Bank amounting to Rs 20 crore and Rs 1,450 crore respectively

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The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) to file reply on a plea complaining that Central Bank of India, the public sector lender, has disbursed the housing loan without linking it to the stages of construction for a under-construction greenfield housing project.

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Reserve Bank of India (RBI) has tossed its hat in the ring for the taking over of Air Indias iconic tower at Nariman Point in Mumbai.

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The Madras High Court has observed that the employees of Reserve Bank of India (RBI) cannot be referred to as

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The Reserve Bank of India (RBI) said it would set up a task force to study the international best practices and develop a thriving secondary market for corporate loans

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Moneylife Digital Team 04 April 2019
In its first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6%.

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Private Power producers have pleaded with the Supreme Court that the February 12 circular of the RBI will further accentuate the already existing grave problems afflicting the health of the sector while challenging the validity of the central bank's order

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Moneylife Digital Team 26 March 2019
The Reserve Bank of India (RBI) has imposed a penalty of Rs2 crore on state-run Punjab National Bank (PNB) for non-compliance of regulatory directions about SWIFT operations.

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