The Reserve Bank of India (RBI) has decided to conduct an open market purchase of government securities under the G-sec Acquisition Programme (G-SAP 2.0) for an aggregate amount of Rs15, 000cr on 23, September 2021. Simultaneously, RBI will also sell Government Securities under Open Market ...

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on private lender Axis Bank for non-compliance. The penalty was announced by the central bank on September 1. RBI had carried out scrutiny during February 2020 and March 2020 in a customer account maintained with the ...