The RBI net bought bonds worth 101.75 billion rupees ($1.18 billion) in the week ending Jan. 17. These purchases were spread ...

India's foreign exchange reserves decreased by $1.8 billion for the week ending January 17, 2025, primarily due to a drop in ...

The move has been initiated at a time when Sanjay Malhotra has just taken over as the new Governor of the RBI succeeding ...

The RBI clarified that the penalties are based on deficiencies in regulatory compliance and do not question the validity of transactions undertaken by the banks.

RBI should fix liability including criminal action against bank officials who approve loans without such proper verification ...

India's foreign exchange reserves extended their losing streak for a sixth straight week and stood at a 10-month low of ...

A PMLA court granted bail to Amar Mulchandani, ex-chairman of Seva Vikas Bank, due to his severe health issues and trial delays in a ₹429.57 crore fraud case.

Additional Tier 1 (AT-1) are perpetual bonds issued by banks to increase their capital base and they are riskier than ...

The RBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee ...

Kotak said it is hoping to align the acquisition to its strategy to drive growth, expand market share and unlock ...

The softer inflation reading for December offers more room to the RBI to cut rates, amid slowing growth in the country. India's economy expanded by just 5.4% in its second fiscal quarter ending ...