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According to reports, the Reserve Bank of India has raised concerns following alleged sales by Standard Chartered to small and medium-sized enterprises of target redemption forwards, ‘a product that can cause significant losses’

The RBI allows a single foreign institution to hold 15 per cent in a lender and has made some exceptions like that of CSB Bank, and, recently, Japan’s SMBC

While the rate cut is a strong positive for real estate, especially for affordable housing, much now depends on how well it can adapt to higher input costs and ongoing global uncertainties

Reserve Bank of India exploring commencement of central bank digital currency pilots on cross-border payments

The Appointments Committee of the Cabinet has approved the re-appointment of Rabi Sankar for a period of one year with effect from May 3, 2025, or until further orders

By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival

The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing

Once thriving, kiosks exchanging damaged currency now dwindle, as digital payments reduce cash use

The post of the Deputy Governor of RBI fell vacant after M D Patra demitted office in January.

Speaking at the closing ceremony of the commemoration of 90th year of Reserve Bank of India, President Murmu lauds RBI for taking proactive measures to strengthen and safeguard a secure banking environment

The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order

This means customers who rely on ATMs for their financial transactions will have to pay additional charges once they exceed their free transaction limit.

Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI

In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial position remains sound and is under its close monitoring

The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series, RBI said in a statement

Lender’s stocks plunge over 26 per cent eroding Rs 14,000 crore in market value on March 11, net worth expected to decline by nearly Rs 2,100 crore

There cannot be such cut, copy and paste... There has to be some application of mind, says Bombay High Court slamming banks for passing orders declaring accounts as ‘defaulter’ or ‘fraud’

The revised rates apply to home loans, car loans, education and personal loans, among others

The bank has been barred from accepting new deposits or allowing withdrawals, leaving account holders in distress

The bank has kept the repo rate unchanged at 6.5 per cent since February 2023; the last time the RBI had reduced the rate was during Covid times and thereafter, it was gradually raised to 6.5 per cent