The Reserve Bank said it has already undertaken an assessment of control systems at scam-hit Punjab National Bank and will take "appropriate supervisory action".
Delhi HC said it would consider asking some visually impaired persons to examine the new currency notes and coins recently issued by the govt.
The 7.17 percent 10-year benchmark bond maturing in 2028 eased to Rs 97.1850 from Rs 97.25, while its yield inched up to 7.58 percent from 7.56 percent.
Investors may have been shocked when PNB disclosed a $1.77 billion fraud, but the central bank has recorded data that shows the problem runs far deeper and wider.
PNB has suspended 8 more officials, including one at general manager level, for their suspected involvement in the multi-crore scam, a senior government official said.
AIBEA said the PNB management has to clarify what kind of due diligence it had done while lending to Modi's firms a sum of Rs 1,700 crore.
Banks should not refuse to accept coins of all denominations from customers and any non-compliance may result into penal action, the Reserve Bank said.
The Reserve Bank of India will be ready to inject extra cash into banks if needed ahead of March-end to give flexibility to lenders to manage their liquidity mismatches.
The $1.8 billion fraud at the government-owned Punjab National Bank (PNB) shows the failure of various kinds of audits in the bank, including the RBI's inspection.
The report states that the new framework has the potential to bring about a big change in the approach of banks to monitor their exposures and resolution of NPAs.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
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MAHINDRA & MAHINDRA
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Additional investment in Zoomcar India expected to be completed by Aug 31
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