These directions came into effect on from the close of business on Thursday and are expected to remain in force for a period ...

The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator ...

The Reserve Bank of India (RBI) has now allowed small finance banks (SFBs) to offer pre-sanctioned credit lines via UPI ...

The federal agency booked Jain in a money laundering case linked to alleged hawala dealings and arrested him in May 2022.

New India Co-Operative Bank collapsed in Mumbai today. RBI barred the bank from offering new loans, and deposits. Depositors ...

RBI is India’s central bank, responsible for monetary policy, financial stability, and supervision of banks, rather than conducting commercial banking activities. No Public Transactions: Unlike ...

Enterprise development experts have observed that failure to streamline standard record keeping systems by enterprises could be among the leading hindrances to the progress of the local banking sector ...

The RBI has doubled the quantum of government securities it aims to purchase Rs to 400 billion rupees ($4.61 billion) on a ...

However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the ...

On February 13, the RBI had restricted New India Co-operative bank from doing fresh business and accepting deposits, citing ...

MUMBAI: India’s foreign exchange reserves rose for a third straight week to more than a one-month high of $638.26 billion as ...

India's foreign exchange reserves grew by $7.6 billion to reach $638 billion as of February 7, 2025. Gold reserves saw a $1.3 ...