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Home > Reserve Bank of India
Reserve Bank of India
The RBI has also been decided to allow the depositors to withdraw from the PMC Bank's own ATMs within the prescribed limit of Rs 50,000. (Photo: File | ANI)
Withdrawal limit for PMC Bank depositors raised to Rs 50,000
05 Nov 2019 6:28 PM

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.

Bombay High Court
Bombay High Court seeks RBI reply on PMC Bank crisis
05 Nov 2019 1:53 AM

On Monday, when the petition came up for hearing, the bench said it only wanted to know what the RBI was doing in the case.

...it has been decided to integrate the supervision functions into a unified Department of Supervision, and regulatory functions into a unified Department of Regulation with effect from November 1, 2019,the Reserve Bank said.
RBI revamps departments for effective supervision, regulation of banking sector
02 Nov 2019 12:26 PM

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

According to the latest data released by the Reserve Bank of India, deposit growth continues to outpace credit growth, which has lost momentum.
Poor credit demand may hit deposit growth in H2
29 Oct 2019 1:44 AM

Banks may further cut deposit rates to protect their margins as lending rates continue on a downward trajectory.

The forex reserves had risen by USD 1.879 billion to a new record high of USD 439.712 billion in the previous reporting week.
Forex reserves cross USD 440 billion mark, up by USD 1.04 billion
25 Oct 2019 7:53 PM

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

This is the third time the regulator has increased the withdrawal limit since its clamped down on the bank on September 23, when the RBI had capped it at Rs 1,000 per customer, which led to lot of distress and criticism.
RBI raises PMC Bank customers' withdrawal limit to Rs 40,000
14 Oct 2019 7:56 PM

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

The move, applicable for both new as well as existing borrowers, brings down its lending rate to 8.25 percent for the salaried borrowers to the lowest bracket and at 8.65 percent on the upper end.
HDFC lowers lending rates by 10 bps to 8.25 per cent
14 Oct 2019 7:32 PM

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

This brings an end to recent uncertanity and the Bank will continue to work towards raising capital as per the permitted modes in compliance with all applicable Acts and Regulations, Laxmi Vilas Bank's chief financial officer S Sundar said.
Merger failure: Lakshmi Vilas Bank confident of raising capital
10 Oct 2019 5:25 PM

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

Headline consumer price index inflation likely jumped in September on the back of a surge in onion prices. But that will hardly bring tears to the eyes of the RBI, as it is likely to have stayed below the 4.0 per cent target, said Shilan Shah, senior India economist at Capital Economics.
Inflation surged in September but won't 'bring tears' to RBI: Report
10 Oct 2019 3:31 PM

If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.

Shares of Lakshmi Vilas Bank (LVB) sank 5 per cent to hit lower price band as well as one-year low of Rs 25.65 on the BSE.
Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows
10 Oct 2019 12:10 PM

Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.

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