RBI
RBI keeps repo rate unchanged at 5.15% despite GDP slump
05 Dec 2019
The Monetary Policy Committee (MPC) said the decision followed a spike in inflation in the near-term, while acknowledging that there is room to cut rates further going ahead
RBI fines LVB, Syndicate Bank for non-compliance
15 Oct 2019
RBI hikes PMC Bank withdrawal limit to Rs40,000
15 Oct 2019
RBI cuts repo rate by 25 bps to 5.15% to revive growth
04 Oct 2019
With the growth in gross domestic product slumping to 5.0 per cent in Q1 of FY20, the monetary policy committee decided to continue with an accommodative stance, while ensuring that inflation remained within the target of 4 per cent within a band of +/- 2 per cent
PMC Bank scam: 2 HDIL directors held, assets attached
04 Oct 2019
While the Economic Offences Wing of the Mumbai police arrested two directors of realty firm HDIL - Rakesh Wadhawan and his son Sarang Wadhawan - and attached properties worth Rs3,500 crore, the bank's chairman Waryam Singh and its managing director Joy Thomas and other bank officials are also accused of criminal breach of trust, forgery and falsification of records
RBI yet to explain its move against PMC Bank
25 Sep 2019
RBI-appointed officer JB Bhoria is currently overseeing the working of PMC Bank, although it is unclear whether RBI has taken over management of the bank or is merely overseeing in the interim ahead of loosening these restrictions
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