RBI imposes business restrictions on THIS bank! Customers can't withdraw money - Details
Now the lender has been prohibited from issuing new loans or allowing withdrawals of deposits due to ongoing supervisory concerns. Eligible depositors can deposit insurance claims up to Rs 5 lakh, as per the deposit insurance scheme.
Kotak Mahindra's Curbs Lifted: Why RBI Bars Banks from Onboarding New Customers
The RBI had imposed restrictions on Kotak Mahindra Bank due to concerns over its IT management. It noted that the bank had consistently failed to address "serious deficiencies and non-compliances"
RBI removes supervisory restrictions on Kotak Mahindra Bank
The RBI has lifted supervisory restrictions imposed on Kotak Mahindra Bank. Now, the Bank can resume onboarding new customers through its online channels and issue new credit cards.
‘We have EMIs to pay’: New India Co-operative Bank customers gather in panic after RBI imposes restrictions
This comes after the close of the bank's business on Thursday, February 13, 2025. The restrictions would continue for a six month period, subject to review.
Explained: Why RBI has put restrictions on New India Co-operative Bank
The Reserve Bank of India (RBI) has imposed stringent restrictions on New India Co-operative Bank Limited, Mumbai, citing serious financial concerns. As per ANI, the central bank has barred the lender from undertaking key financial activities without prior approval,
RBI Restricts New India Cooperative Bank Businesses. Here's What Customers Must Do Now
The Reserve Bank of India imposed multiple restrictions on the Mumbai-based New India Co-operative Bank on Thursday. The central bank barred depositors from withdrawing any funds from the bank, restricted the lender from granting any advances or renewing any loans,
RBI imposes several restrictions on Mumbai-based New India Co-op Bank
The RBI on Thursday imposed several restrictions on city-based New India Co-operative Bank, including on withdrawal of funds by depositors, amid supervisory concerns
RBI lifts restrictions from Kotak Mahindra Bank, now you can get new credit cards and open account digitally
The Reserve Bank on February 12, 2025 decided to lift the aforementioned restrictions placed on Kotak Mahindra Bank Limited.
India's RBI imposes business curbs at New India Co-operative Bank on supervisory concerns
India's central bank on Thursday barred Mumbai-based New India Co-operative Bank from issuing new loans or allowing the withdrawal of deposits due to supervisory concerns.
abp LIVE6d
RBI MPC Highlights: Indices Close Trading In Red As Rate Cut Fails To Drive Markets Higher
Please follow this space for all the breaking news and latest updates from the stock market, economy, and corporate world ...
USD/INR softens on RBI intervention, investors brace for US CPI release
Indian Rupee depreciated 3.60% since September 2024, which was lower compared to the Japanese Yen (-6.49%), Canadian Dollar ( ...
cnbctv186d
RBI MPC Meeting Highlights: Central bank announces 25 basis points rate cut, Governor Sanjay Malhotra calls it 'symbolic'
The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said ...
The Financial Express10d
RBI MPC Meeting 2025: RBI to announce decision on Feb 7, where to watch, what to expect and all other details
RBI MPC meeting 2025 Check Time, Where and How to Watch Live Telecast Online: The RBI is expected to commence the rate easing ...
RBI MPC Meeting 2025: RBI cuts repo rate by 25 basis points to 6.25%, a first in 5 years; estimates FY26 GDP growth at 6.7%
The repo rate, till now, stood at 6.5 per cent. The move comes barely a week after the Centre cut personal income tax to ...
Reactions to RBI repo rate cut
The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide ...
cafemutual.com6d
RBI cuts policy repo rate by 25 bps
RBI has announced a 25-bps rate cut in policy repo rate in its latest Monetary Policy Committee (MPC) meeting. The repo rate has been reduced from 6.5% to 6.25%. The central bank has also maintained ...