RBI appoints external firm to audit HDFC Bank's IT infra in view of service outages

Last month, HDFC Bank had submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the economy

Terms of three members of the Monetary Policy Committee ended last month

The RBI has allowed an additional 2.5 per cent of deposits for banks as HTM for the second half of the current financial year

Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said

As per RBI's latest annual report, the big note was not printed at all during 2019-20

Bank frauds down from Rs 43k crore seen in the April-June quarter of 2019

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per requirement

Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June