Ajit Joshi Appointed as Executive Director of RBI
The Reserve Bank of India (RBI) announced the appointment of Dr. Ajit Ratnakar Joshi as Executive Director (ED), effective March
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RBI revises Co-op banks’ financial statements format
RBI stated that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks
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RBI clears amalgamation of 2 urban co-op banks
The Reserve Bank of India (RBI) has approved two voluntary amalgamations in the urban co-operative bank (UCB) space — The
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RBI bars New India Co-op Bank from offering loans, deposits
The Reserve Bank of India (RBI) barred New India Co-operative Bank from granting or renewing loans, accepting fresh deposits, make
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Indian rupee continues to fall against US dollar: What determines exchange rate?
The Indian rupee’s exchange rate against the US dollar breached the 85-mark last week. In other words, one would have
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From The Desk Of Editor-in-Chief
India’s banking and finance landscape is undergoing significant transformations, driven by strategic policy decisions, regulatory reforms, and technological advancements. In
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Priority Sector Lending Norms – Historical trend and Time to realign
Prior to the independence access to the institutional credit through banks was confined to the big business houses and elite
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Cooperative Banks Show Mixed Trends in Asset Quality
India’s cooperative banks, despite their geographic and operational diversity, lag behind stricter regulatory entities on asset quality parameters. However, their
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RBI Approves NCBL-Cosmos Co-operative Bank Merger
The Reserve Bank of India (RBI) has sanctioned the amalgamation of National Co-operative Bank Ltd. (NCBL), Bangalore, with Cosmos Co-operative
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Credit Card Spending Falls 16% from Festive Highs
Credit card spending in November decreased by 16.1% month-on-month (M-o-M) to Rs. 1.7 trillion, attributed to a moderation in consumer
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