The RBI is scrutinizing the use of a 2003 foreign exchange regulation granting NRI status to Indian students abroad, aimed at tax and fund transfer benefits. The central bank considers refining ...

The latest data presented by the Reserve Bank of India (RBI) show easing of personal loan expansion in India's financial sector. Personal loan expansion year-to-year was 14.2% in the fortnight as ...

The interaction was a part of the RBI’s series of engagements with the payments and fintech ecosystem. Earlier, the RBI Governor had met with heads of banks and NBFCs on separate occasions.

The Reserve Bank of India (RBI) on Saturday said 98.18 per cent of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned till February 28, 2025. The total value of ₹2000 ...

However, the weighted average inter-bank call money rate remains above RBI's policy repo rate, despite these infusions. RBI has already infused Rs 1.8 lakh crore through long-term repos maturing ...

While this should not be seen as a cancellation of banking license by RBI, nervous customers gathered outside the bank branches with the hope of withdrawing their hard-earned money. Many customers ...

It looks like the RBI will continue to pump in more money to bridge the liquidity shortage in the system and thereby positively influence the credit growth to the productive sectors. In fact ...

The liquidity remains tight for banks as the money borrowed through VRR auctions have to be returned on an everyday basis to the RBI—which means they borrowed today through the VRR has to be ...

The Reserve Bank of India (RBI) has imposed strict restrictions on New India Co-operative Bank in Mumbai, citing supervisory concerns over its financial position. As per the restrictions which are ...

With the RBI's recent repo rate cut, we may expect lower lending rates for retail loans such as home loans and vehicle loans. However, it usually takes some time for customers to see these ...

The shortfall put pressure on the overnight money market rates, which traded above the RBI’s repo rate. Weighted average call money rates traded in the 6.6 percent to 6.74 percent range since ...

The Reserve Bank of India (RBI) had imposed several restrictions on New India Co-operative Bank due to supervisory concerns. A man walks past the RBI logo at RBI headquarters in Mumbai ...