rbi

Latest: Penalty imposed by RBI on various banks 14 Aug 2023

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RBI-imposes-penalty

Penalties imposed by RBI on various banks on 14 August 2023. The Reserve Bank of India (RBI) has issued an order dated August 07, 2023, imposing a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Baroda Gujarat Gramin Bank, Vadodara (Gujarat). The penalty stems from the bank’s failure to adhere to the guidelines … Read more

RBI to discontinue incremental cash reserve ratio ICRR in phased manner. Know all about ICRR – 08/09/23

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icrr

Latest about ICRR (Incremental Cash Reserve Ratio) On 08th Sept 2023, RBI has decided to discontinue the I-CRR (Incremental Cash Reserve Ratio) in a phased manner. The press release by RBI is quoted below: “In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve … Read more

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