Reserve Bank of India imposes monetary penalty on Bank of Maharashtra

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The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Bank of Maharashtra (the bank) for contravention of the instructions…

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Reserve Bank of India imposes monetary penalty on Union Bank of India

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The Reserve Bank of India (RBI) has, on August 30, 2018, imposed a monetary penalty of ₹ 10 million on Union Bank of India (the bank) for contravention of instructions…

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Developments in India’s Balance of Payments during the First Quarter (April-June) of 2018-19

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Preliminary data on India’s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2018-19, are presented in Statements I (BPM6 format) and II (old format). Key Features of…

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Sources of Variation in Foreign Exchange Reserves in India during April-June 2018

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Earlier today, the Reserve Bank of India released balance of payments (BoP) data for April-June 2018 on its website (www.rbi.org.in). On the basis of these data, the sources of variation…

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