The Reserve Bank of India is implementing a notification for private placements from non bank financial firms.
Tags: Reserve Bank of India
India won't convert idle gold to bullion- central bank
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
RBI allows NRIs to invest in India's primary and secondary markets
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
RBI eliminates largest bond gain, US$8 billion fund outflow extends
Reserve Bank of India's decision to increase borrowing costs eliminated the country's largest bond gains and further extended the US$8 billion fund outflow.
Central bank of India levies US$8.3 million in fines for 22 lenders
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
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The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
The Reserve Bank of India enforces penalties against three banks for money laundering and fraud violations.
