Tag Archives: RBI

Clix Capital, which was in advanced talks with Lakshmi Vilas Bank (LVB) for a possible merger, may approach the Reserve Bank of India (RBI) for clarity on the future of the deal after the bank’s shareholders voted seven Board members, including its managing director, said two people directly familiar with …

It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …

It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …

India’s government injected more uncertainty into the economy this week by failing to act in time to appoint members of the central bank panel that decides interest rates. The Reserve Bank of India postponed its three-day interest rate meeting that was due to start on Tuesday, giving no reason or …

Adding more uncertainty on the economic front, the RBI canceled its three-day monetary policy committee (MPC) meeting scheduled for Tuesday, apparently due to a lack of a quorum. RBI rules require that at least four members be present at the meeting. But three outside members – Ravindra Dholakia, Pami Dua …

New Delhi: The Reserve Bank of India said on Monday that the Monetary Policy Committee meeting will be rescheduled for September 29, 30 and October 1, 2020, as announced. Dates for the MPC’s bimonthly meeting will be announced shortly, the central bank said. The six-member Monetary Policy Committee (MPC) headed …

A meeting of India’s monetary policy committee, scheduled for this week, has been rescheduled. “The MPC meeting will be rescheduled for September 29, 30, and October 1, 2020, as announced in the 2019-2020 / 2248 video press release of April 20, 2020. Meeting dates of the MPC will be announced …

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis, as the high court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks “to come up with something concrete” …

Shareholders had rejected the appointment of seven directors, including the CEO, the CEO and the auditors, at the General Shareholders’ Meeting on September 25. The Directors Committee appointed by the RBI will exercise the discretionary powers of the Chief Executive Officer and the CEO in the interim. News18.com Last update: …

Former Reserve Bank of India Governor Raghuram Rajan and former Lieutenant Governor Viral Acharya called for the closure of the financial services department, the privatization of state banks, and the creation of a bad bank as part of reforms to the banking industry of India. The current status quo is …