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Committee on Asset Reconstruction Companies invites views and suggestions from stakeholders

Apr 28, 2021

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on April 7, 2021, the Reserve Bank of India had announced setting up of a Committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) in the financial sector ecosystem and recommend suitable…

Money Market Operations as on April 27, 2021

Apr 28, 2021

Money Market Operations as on April 27, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

Business

SIAM hosts 12th Lecture Series on Hybrid and Electric Vehicles in India: Development, Testing &…

Apr 28, 2021

New Delhi, 27th April 2021: The apex body of the auto industry, Society of Indian Automobile Manufacturers (SIAM), organized its 12th Lecture on the theme Hybrid and Electric Vehicles in India: Development, Testing & Homologation on a…

Business

RBI imposes monetary penalty on Himachal Pradesh State Co-operative Bank Ltd., Shimla

Apr 28, 2021

The Reserve Bank of India (RBI) has, by an order dated April 27, 2021, imposed a monetary penalty of ₹40.00 Lakh (Rupees Forty Lakh only) on Himachal Pradesh State Co-operative Bank Ltd., Shimla (the bank) for non-compliance with regulatory…

Business

RBI cancels Certificate of Registration of Four NBFCs

Apr 28, 2021

The Reserve Bank of India (RBI), in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies: Sr. No. Name of the…

Business

Two NBFCs surrender their Certificate of Registration to RBI

Apr 28, 2021

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India (RBI): Sr. No. Name of the Company Office Address CoR No. CoR Issued On Cancellation Order Date 1 M/s Balaji…

Business

Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of…

Apr 27, 2021

RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to improve the quality of financial reporting of Supervised Entities…

Business

Money Market Operations as on April 26, 2021

Apr 27, 2021

Money Market Operations as on April 26, 2021 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight…

Business

Ajay Seth, Secretary, Department of Economic Affairs, nominated on RBI Central Board

Apr 27, 2021

The Central Government has nominated Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, Government of India as a Director on the Central Board of Reserve Bank of India vice Tarun Bajaj. The nomination of Ajay Seth…

Business

Shivalik Small Finance Bank Limited commences operations

Apr 27, 2021

Shivalik Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 26, 2021.The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the…

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