Muthoot said that cost of funds are likely to come off only marginally and therefore he does not expect that to translate into lower lending rate.

The most recent change made by the Reserve Bank of India regarding homebuyers and home loan borrowers has had a significant ...

More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under ...

RBI’s action was necessitated due to certain material concerns emanating from poor governance standards observed in the ...

Banking in India follows a biweekly Saturday holiday system, where banks are open on the first and third Saturdays but closed ...

The RBI action on New India Co-operative Bank was prompted by alleged misappropriation of funds by the lender’s staffers,  sources said on Friday. Over 90 per cent of the city-based bank’s 1.3 lakh ...

The Reserve Bank of India (RBI) has now allowed small finance banks (SFBs) to offer pre-sanctioned credit lines via UPI ...

India's banking sector is facing fresh turbulence as the Reserve Bank of India has imposed strict restrictions on ...

The Reserve Bank of India announced the cancellation of licenses for 17 non-banking financial companies (NBFCs), including ...

The Reserve Bank of India will step up its liquidity infusion and inject over $16 billion next week into the banking system, ...

Hundreds of anxious customers queued outside New India Co-operative Bank branches in Mumbai after the Reserve Bank of India ...

Discover why depositors at New India Co-operative Bank will only receive Rs 5 lakh, regardless of their deposit amount. Find ...