Tag: RBI

Rs 1 Crore Penalty on Punjab National Bank Imposed By RBI
Finance, Banking & Finance

Rs 1 Crore Penalty on Punjab National Bank Imposed By RBI

SMEStreet Edit Desk- November 15, 2020

"RBI has observed that the Bank was operating a bilateral ATM sharing arrangement with Druk PNB Bank Ltd, Bhutan, (an international subsidiary of the Bank), ... Read More

India’s Retail Inflation Rises to 7.61% in October
Retail, Sectors

India’s Retail Inflation Rises to 7.61% in October

SMEStreet Edit Desk- November 15, 2020

The rise in food prices lifted retail inflation higher. The Consumer Food Price Index, increased to 11.07 per cent in October from 10.68 per cent ... Read More

Tata Steel Posts Rs 1665 Crore Net Profit
Corporate, InFocus

Tata Steel Posts Rs 1665 Crore Net Profit

SMEStreet Edit Desk- November 15, 2020

The company had clocked a net profit of Rs 3,302.31 crore in the corresponding quarter of the previous financial year, Tata Steel said in a ... Read More

India Entering into Technical Recession First Time in History: RBI Report
Sectors, Automotive

India Entering into Technical Recession First Time in History: RBI Report

SMEStreet Edit Desk- November 12, 2020

“India has entered a technical recession in the first half of 2020-21 for the first time in its history with Q2:2020-21 likely to record the ... Read More

Instead of New Stimulus Need to Ensure Full Spending of Already Allotted Stimulus: Bimal Jalan
LimeLight, COVID-19

Instead of New Stimulus Need to Ensure Full Spending of Already Allotted Stimulus: Bimal Jalan

SMEStreet Edit Desk- November 9, 2020

"I think the fiscal stimulus is already there. What you need is to spend the total amount of expenditure that you have already announced and ... Read More

Banks and NBFCs to Co-Lend to Priority Sectors: RBI
Finance, Banking & Finance

Banks and NBFCs to Co-Lend to Priority Sectors: RBI

SMEStreet Edit Desk- November 6, 2020

"In terms of the CLM, banks are permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement. The co-lending banks will ... Read More

RBI Governor Shaktikanta Das Tested COVID Positive
LimeLight

RBI Governor Shaktikanta Das Tested COVID Positive

SMEStreet Edit Desk- October 26, 2020

The governor said that he would continue to work from isolation and assured that the central bank's work will not be impacted. Read More