Still, the local currency was down 0.5% on the day. The RBI sold dollars "relatively quickly" via state-run between 87.20-87.24, a spot trader at a small private bank said.

The Reserve Bank of India (RBI) has increased the small value loan ceiling per borrower to Rs 3 crore per borrower for Urban Co-operative Banks (UCB), according to a circular issued on February 24.

Days after imposing strict restrictions on New India Co-operative Bank, the Reserve Bank of India (RBI) has eased withdrawal limits. Starting February 27, customers will be allowed to withdraw up ...

On 13 February, the RBI prohibits the bank from extending new loans, halted deposit withdrawals for six months On Monday, India's central bank declared that depositors of the struggling New India ...

Mumbai: Customers gather at New India Co-operative Bank, in Mumbai, Friday, Feb. 14, 2025. The RBI on Thursday imposed several restrictions on the city-based bank, including on withdrawal of funds ...

The RBI on Feb. 13 barred the lender from issuing new loans, suspended deposit withdrawals for six months and appointed an administrator, citing supervisory concerns and the lender's liquidity ...

The RBI on Feb. 13 barred the lender from issuing new loans, suspended deposit withdrawals for six months and appointed an administrator, citing supervisory concerns and the lender's liquidity ...

The Reserve Bank of India (RBI) has proposed fresh guidelines for all lenders with regard to the levy of foreclosure charges and pre-payment penalties on loans, according to a draft circular ...

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 ...

The RBI will conduct the buy/sell swap on February 28, it said in a release. The first leg of the transaction would be settled on March 4 and could infuse around 870 billion rupees ($10 billion ...

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 ...