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The central bank has been very active in the past few months in the spot market to save the rupee which got battered against the US dollar.
IN November 2005 when Y Vandana Rao approached Syndicate bank for a `3 lakh loan for buying a plot and later construct a house.
Automation Anywhere, which specialises in Robotic Process Automation (RPA), has raised $300 million from SoftBank Vision Fund.
The PCE framework will likely help the NBFCs and HFCs to better their credit ratings.
The government feels that as the representative of the people, it should be involved in critical policy decisions made by the Reserve Bank of India (RBI), they added.
A senior Central Bureau of Investigation (CBI) official told IANS: "The agency has registered the case against Shetty and his wife Ashalata, who is a clerk in Indian Bank in Mumbai on Thursday night."
This will also be a huge factor when the time comes to repay the World Bank and ADB loan.
There are an estimated 200 large NPA accounts in various PSU banks with a total exposure of `3 lakh crore.
Non-executive chairman Ashok Chawla resigned on Wednesday following corruption allegations
Pinarayi and Kadakampally were speaking at the state-level inauguration of 65th National Cooperative Week in Kasargod on Wednesday.
Yes Bank said on Wednesday its non-executive independent chairman, Ashok Chawla, was resigning from the bank's board, effective immediately.
RBI said the penalties on these two banks have been imposed taking into account the failure of the banks to adhere to the directions issued by it.
According to court documents and evidence produced at trial, the defendants were responsible for the origination of more than USD 9.3 million in fraudulently procured residential mortgage loans.
The central bank announced that it will purchase government securities in order to get the liquidity in system.
In June this year, IndusInd Bank had signed a share purchase agreement with Infrastructure Leasing and Financial Services Ltd (IL&FS) to acquire its securities services subsidiary.