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J&K Bank: J&K Bank records highest profit but high cost to income ratio and aggressive competition remain a challenge

The top officials of the bank informed that with the Government of J&Ks majority shareholding of 63.41 percent in the bank as on June 30, 2023, it is now “a public sector bank for all practical purposes” but as of now may not be strictly classified as such as per the RBI guidelines. ....

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Private digital currencies are potentially dangerous, CBDC a safer alternative: RBI Governor

Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies. ....

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Odisha Gramya Bank fined with Rs 1,50 000 by RBI

RBI has imposed a monetary penalty of Rs 1,50,000 on Odisha Gramya Bank for non-compliance with the ....

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Six-week long election leaves RBI with liquidity dilemma

Voting in India s national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only after a new government is in place and a budget is presented. ....

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India bond buyback signals RBI's cash easing stance, Citi says

The Reserve Bank of India on Friday said it would buy back 400 billion rupees ($4.8 billion) of bonds all maturing in the current fiscal year ending March on May 9. ....

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