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Tag: RBI
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RBI Governor Das Warns Banks Against Mule Accounts
Reserve Bank of India Governor Shaktikanta Das has issued a stern warning to banks about the rising threat of mule accounts, urging them to...
India Records 0.6% Current Account Surplus in March Quarter on Strong Service Exports, Remittances
India reported a current account surplus of $5.7 billion (0.6% of GDP) for the March quarter, thanks to increased service exports and remittances, according...
Kotak Mahindra Bank Faces Profits Pinch After RBI Clampdown: Nomura Weighs In
Kotak Bank's recent run-in with RBI restrictions has stirred speculation over its profit prospects, prompting Nomura to offer insights into the bank's future. The...
RBI Halts Withdrawals: Shirpur Bank in Crisis
In a concerning turn of events, the Reserve Bank of India (RBI) has implemented stringent restrictions on Shirpur Merchants' Co-operative Bank in Maharashtra, leaving...
RBI Holds Policy Rates Steady Amid Economic Uncertainties
In a decisive move, the Reserve Bank of India (RBI) announced its decision to maintain the status quo on policy rates, keeping the repo...
