As per FADA, total vehicle registrations in India fell by 28 per cent to 11,85,374 units in April versus 16,49,678 units in March.
The permission extended to the bank to undertake government business could be potentially withdrawn based on such reviews.
Meanwhile, an appreciating currency when growth is a priority is not what the central bank is looking for, since it may hamper growth.
The window to banks under priority-sector lending to augment COVID-19 healthcare infrastructure will help raise treatment capacity, and availability of medicines and medical equipment, it said.
RBI rolls out slew of measures to help tackle covid situation; launches second round of loan restructuring
RBI announced a special Rs 50,000 crore term liquidity facility for banks to create a Covid loan book which will be three years tenor and available at the repo rate.
As for growth, Das sounded optimistic that the drag on the economy could be moderate than last year, even though the slump comes just when 'India was at the foothills of a strong recovery.'
RBI will do second purchase of government securities (G-secs) aggregating Rs 35,000 crore in two weeks, he
No money was raised through the rupee denominated bonds (RDB) or the masala bonds, as was the case in the year-ago period as well.
Christened Merchant Stack, the platform offers a bouquet of banking solutions and value-added services in a single place for the retailer ecosystem.
The central bank had constituted the Committee under the chairmanship of Sudarshan Sen, former Executive Director, Reserve Bank of India.
Non-deposit taking NBFCs with asset size (total assets) below Rs 1,000 crore have the option to continue with their extant procedure.
Non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.
According to the banking regulator, India’s economic activity is holding up against Covid-19’s renewed onslaught.
The Reserve Bank of India on Monday capped both the tenure and age limit for senior management including that of chairmen in all private banks.
Among other things, the respondents will be asked whether the merger was positive from the point of customer services.