RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore (Rs 270......

RBI allows 7 more banks to import gold, silver

The Reserve Bank of India has allowed seven more banks, including four associate banks of State Bank of India, to import precious metals gold and silver.With the addition of the seven banks - South......

Markets end flat; SBI gains over 2% as banking stocks rally

Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session Benchmark indices settled on a flat note tracking mixed......

Bankers see rates falling by 25-40 bps more before Mar

Of the six-member rate-setting monetary policy committee, five members voted for a 25 bps cut while one by 40 bps, the RBI said. Illustration: Uttam Ghosh/Rediff.com Welcoming the 25 basis points......