The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are ...

India’s foreign exchange reserves increased by $7.654 billion to $638.261 billion in the week ending February 7. This marks ...

The Reserve Bank of India on Friday said 20 non-banking financial companies, including Reliance Commercial Finance and IDFC ...

The Reserve Bank of India (RBI) announced that 20 non-banking financial companies (NBFCs) have surrendered their certificates ...

RBI supersedes New India Co-operative Bank board for poor governance, appoints committee to manage bank affairs. Deposit insurance available.

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 RBI has doubled the quantum of government securities it aims to purchase Rs to 400 billion rupees ($4.61 billion) on a ...

This week served us a sharp reminder: only when Indian markets mature enough to grant us the luxury of full capital account ...

However, RBI stated that the bank is allowed to set off loans against deposits subject to the conditions stated in the ...

On Friday on NSE, shares of Paisalo Digital Ltd gained 5.36 per cent to Rs 41.65 per share from its intraday low of Rs 39.53 per share. The stock’s 52-week high is Rs 99.63 per share and its 52-week ...

On February 13, the RBI had restricted New India Co-operative bank from doing fresh business and accepting deposits, citing ...