Mumbai, (IANS) : The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore ($754,000) on the Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, the public sector lender said here on Monday....
Chennai (IANS) : The additional capital infusion of Rs 22,915 crore into 13 weak banks announced recently by the central government is positive for them but the actual capital needs were much more higher, said global credit rating agency Moody's Investors Service. In...
Washington (IANS) : World Bank President Jim Yong Kim on Monday announced that American economist Paul Romer will succeed Kaushik Basu as Chief Economist and Senior Vice President of the World Bank. "We're most excited about (Paul Romer's) deep commitment to tackling...
Mumbai, (IANS) Reserve Bank of India (RBI) announced on Monday that N.S.Vishwanathan assumed office as a Deputy Governor, replacing H.R.Khan, who retired on turning 62. "N.S.Vishwanathan took over as the Deputy Governor of the Reserve Bank of India today (Monday),"...
Mumbai, (IANS) Gross non-performing assets (GNPAs), or bad loans, of commercial banks may rise to 8.5 per cent of total assets by March 2017, from 7.6 percent in March 2016, the Reserve Bank of India (RBI) said on Tuesday based on "stress tests" it has conducted....
Chennai, (IANS) The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the potential benefits, said global credit rating agency Moody's Investors Sevice. In a statement issued on Tuesday, Moody's said...
Mumbai, (IANS) Ending months of suspense, Reserve Bank of India (RBI) Governor Raghuram Govind Rajan formally told his colleagues on Saturday that he is not keen on a second term at the helm of the country's central bank and will return to academia when his tenure...
Washington, (IANS) The World Bank has lowered its forecast for the global growth in 2016 to 2.4 per cent, saying that the world economy is facing stronger headwinds. In its Global Economic Prospects Report released on Tuesday, the Washington-based institution expected...
Mumbai, (IANS) Along expected lines, the Reserve Bank of India (RBI) on Tuesday left its key policy rates and reserve ratios unchanged, concerned over the slight rise in inflation and some domestic and global upside risks that have sprung up since April. The decision...
Mumbai, (IANS) The Reserve Bank of India (RBI) on Tuesday left its key policy rates and reserve ratios unchanged, concerned over the slight rise in inflation and some domestic and global upside risks that have sprung up since April. The decision was taken at the...