‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra – Times of India

‘On rates, it’s status quo or cuts; concerned about banks’ mis-selling of insurance’: RBI governor Sanjay Malhotra – Times of India

In his first interview since taking over as RBIgovernor, Sanjay Malhotra tells TOI’s Mayur Shetty & Sidhartha that while tariffs can have a short-term impact on economic growth, India’s status as the world’s fastest-growing economy won’t be impacted.On rupee volatility, he said RBI doesn’t target a specific rupee-dollar rate. And …

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RBI Imposes Rs 6 Lakh Penalty On The Mandi Cooperative Bank: Heres Why

RBI Imposes Rs 6 Lakh Penalty On The Mandi Cooperative Bank: Heres Why

New Delhi: The Reserve Bank of India on Wednesday imposed a Rs 6 lakh fine on Himachal Pradesh’s The Mandi Cooperative Bank for breaching prudential inter-bank exposure limits in FY22.The Mandi-headquartered bank was found to be breaching certain limits, warranting the imposition of the monetary penalty, as per an official statement. …

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