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 ...

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 ...

Of these, two non-banking financial companies (NBFCs) have surrendered their CoR as they have exited from the non-banking ...

India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day ...

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 ...

The Indian rupee logged its biggest weekly rise against the dollar in seven months, lifted by the central bank's ...