India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, ...

The Indian economy is “sailing through smoothly,” even as global growth faces accelerating risks ranging from geopolitical ...

These institutions are also perceived as being "too big to fail". The Reserve Bank of India had issued a framework for ...

State Bank of India, HDFC Bank, and ICICI Bank were once more designated as Domestic Systemically Important Banks (D-SIBs) in ...

A jeweller in Mumbai was tricked by a man posing as an RBI employee, who used fake payment receipts to steal gold worth ₹1 lakh.

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same ...

A recent significant development in India’s monetary landscape was when the RBI (Reserve Bank of India) brought back about 100 tonnes of gold imported from the United Kingdom. It marks the first ...

India’s central bank ordered four non-bank lenders, including Navi Finserv and DMI Finance, to halt loans from October 21, citing excessive interest rates and regulatory breaches. The Reserve ...

The Reserve Bank of India has banned four NBFCs from issuing new loans starting October 21, 2024, citing excessive lending rates and non-compliance with regulations. The Reserve Bank of India has ...

The Reserve Bank of India (RBI) has temporarily barred four non-bank lenders—Sachin Bansal's Navi Finserv, DMI Finance, Asirvad Micro Finance Ltd (backed by Manappuram Finance), and Arohan Finan ...

To highlight one of the top 10 above, India held $655 billion in foreign currency reserve assets as of May 2024. Its central bank, the Reserve Bank of India, intervenes in the foreign exchange ...

The acquisition consists of loans classified as “Standard Loans” according to the Reserve Bank of India (RBI) guidelines. The Bank will purchase the personal loan book, which will be ...