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RBI

RBI Fines SBI ₹2 Crore, Canara Bank ₹32 Lakh

The Reserve Bank of India (RBI) has fined State Bank of India (SBI) a penalty of ₹2 crore for violating certain sections of the Banking Regulation Act, 1949, and related schemes. Additionally, Canara Bank has been fined ₹32 lakh for…

RBI Monetary Policy: RBI Maintains Repo Rate at 6.5%, Forecasts 7% Growth for Next Fiscal Year | Summary in 10 Points

In a significant development, the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5% during its Monetary Policy meeting. Additionally, the Central Bank projected a 7% growth for the upcoming fiscal year. This marks the…