FILE PHOTO: Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas//File Photo/File Photo(REUTERS) The RBI issued revised ...

RBI Repo Rate News Highlights: The Reserve Bank of India (RBI) announced its first bi-monthly monetary policy of FY26 today, April 9. The meeting of the Monetary Policy Committee (MPC), headed by ...

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country's largest private sector lender, for not complying with directions in the RBI's Know Your ...

RBI Monetary Policy: Keeping some powder dry for global uncertainties and weather-related disruptions, the Reserve Bank of India (RBI) refrained from a deeper rate cut and announced the repo rate ...

Minors of any age may be allowed to open and operate savings and term deposit accounts through his/her natural or legal guardian, the RBI said in a circular addressed to commercial banks and ...

The RBI is understood to be considering launching a probe into the underwriting processes of IREDA and PFC after a SEBI investigation into Gensol Engineering revealed non-repayment of instalment ...

The RBI's gold holdings nearly tripled in value over the past year, reflecting a broader trend of central banks worldwide accumulating gold to hedge against global risks. The June 5 contract ...

“Catch depositors young” seems to be the message from the RBI to banks, based on its latest circular regarding the opening and operation of deposit accounts for minors. This circular, which ...

Upon reviewing HDFC Bank’s response and additional submissions, RBI identified two critical areas of non-compliance: Risk categorisation failure: The bank failed to categorise certain customers ...

Penalty of Rs 29.6 lakh has been imposed on Punjab National Bank for non-compliance with certain directions issued by RBI on 'Customer Service in Banks'. The Reserve Bank of India (RBI), in a ...

RBI cuts policy rate to 6% amid global uncertainties, projecting 6.5% growth for FY26, signaling support for economic stability and lower inflation. As the world deals with the unprecedented ...

The Reserve Bank of India (RBI) has allowed the National Payments Corporation of India (NPCI) to revise transaction limits for person-to-merchant (P2M) payments on the Unified Payments Interface ...