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Reserve Bank has given its nod for appointment of Dipak Gupta as interim Managing Director and CEO of Kotak Mahindra Bank following the resignation of Uday Kotak

According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.

The Reserve Bank has been mandated to maintain price stability, keeping in mind the objective of growth. Price stability has been numerically defined as maintaining a headline CPI inflation target of 4.0 per cent with a tolerance band of +/- 2 per cent.

India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn

The ministry apprised the Parliamentary panel that delays are typically longer for renewable developers than conventional generating companies, even if they are within the same utility.

Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July

Reserve Bank Governor Shaktikanta Das on Friday said the central bank expects inflation to moderate from September onwards

The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges.

Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules.

An Account Aggregator (AA), a RBI-regulated Non-Banking Finance Company (NBFC), helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network.

He also stressed that the Board's role is pivotal in establishing a robust IT and cybersecurity infrastructure and availability of requisite skills at the bank level.

Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners.

Processing of farm loans takes three to four weeks and the cost incurred is about 6% of the loan amount sanctioned

The four public sector general insurance companies are unlikely to get capital funding from the government in the current fiscal

Reserve Bank Governor Shaktikanta Das asked NBFCs, including housing finance companies, to strengthen governance standards and assurance mechanisms.

he Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200.

Focus must be on public infrastructure, health and social protection, which can create jobs and improve productivity

Industry body PHDCCI has submitted several recommendations on issues related to the housing sector, banking and foreign trade to RBI

Finance ministry on Tuesday said price pressure on food items is expected to be transitory, with tomato prices seeing a decline

The review highlighted the government's proactive steps to curb food inflation, anticipating relief as fresh stock arrives to alleviate price pressures.