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Total 446 results found. Search for [ RBI powers ]

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May 3, 2021
The central bank said the action against the private lender was in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949

Rashi Bisaria
New Delhi, May 3, 2021
India's fuel sales drop in April on local restrictions to curb second wave of COVID-19 According to the preliminary data of state-owned fuel retailers, the second wave of coronavirus sweeping the nation has pummelled fuel sales in April as local restrictions clamped to curb the spread of infection stifled demand. At the end of April, overall fuel demand is down by about 7 per cent from pre-Covid level of April 2019. COVID-19 vaccination: Centre says 122 cr doses needed to inoculate 59 cr ...

March 31, 2021
The government had extended the Foreign Trade Policy 2015-20 for a year till March 31, 2021 on March 31, 2020 amid the coronavirus outbreak

March 17, 2021
PhonePe was closely followed by Google Pay with 827.86 million transactions involving Rs 1,74,455.33 crore, Paytm Payments Bank stood a distant third with 340.71 million transactions worth Rs 38,493.52 crore

February 26, 2021
In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

Dipak Mondal
New Delhi, February 18, 2021
As debt-laden distressed companies fall by the wayside, some cash-rich large companies are practically monopolising their sectors

February 18, 2021
Debt-ridden DHFL's Committee of Creditors (CoC) had in January approved the resolution plan submitted by Piramal Capital for the company.

February 15, 2021
The committee will also review the current regulatory approach and recommend suitable measures to strengthen the sector.

Prasanna Mohanty
February 7, 2021
At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

February 5, 2021
RBI MPC meet: The constitution of the expert committee and its terms would be announced shortly, the apex bank said

Anand Adhikari
January 29, 2021
The continuation of forbearance policies has unintended and detrimental consequences for banks, companies and the economy, the Survey said

January 22, 2021
Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Prasanna Mohanty
January 20, 2021
Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

January 17, 2021
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

January 16, 2021
Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital

January 6, 2021
RBI  fined Bajaj Finance for using coercive methods of recovery from its borrowers, and violation of general guidelines and one specific direction issued by the regulator

January 1, 2021
In a letter to RBI Deputy Governor M K Jain, the Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare stated that 2,850 complaints have been received through the government-run National Consumer Helpline (NCH)

December 24, 2020
The RBI had placed the Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under directions from the close of business on June 25, 2019

December 20, 2020
This is for the first time that the FIU, an agency under the Union finance ministry, has undertaken punitive action against an online payment system operating in the country like it has done against public, private and cooperative banks in the past

December 20, 2020
The company has also been charged with \"defeating and frustrating\" the tenets of public interest and the provisions of the Prevention of Money Laundering Act (PMLA), which aims to keep the country's financial system safe from economic crimes, terrorist financing and black money transactions

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