RBI initiates prompt corrective action for IDBI Bank
The Reserve Bank of India (RBI) has initiated 'prompt corrective action' on IDBI Bank which will restrict bank from hiring, opening branches and giving big ticket loans. The directions from the RBI is aimed at ensuring that the bank takes measures to cut down its losses by reducing expenses and recovering problem loans.
READ MORE:
Other Policy Videos
GDP growth: Indian economy to grow at 7.3% in FY24, govt releases first advance estimate data
Q2 GDP growth data: Indian economy grows at 7.6% in Sept quarter, beats analysts' expectations
Jerome Powell at Jackson Hole symposium: US Fed ready to hike interest rates to bring down inflation
GDP data: Indian economy grows at 6.1% in Q4, FY23 growth better-than-expected at 7.2%
Shaktikanta Das on fate of Rs 2000 notes: Will continue to be legal tender, procedural elements post-September 30 will be decided accordingly
