India's foreign exchange reserves topped $700 billion last week to hit a 9-month high, which, alongside the central bank's ...

India’s central bank announced plans to withdraw excess liquidity from the banking system, a move likely aimed at stemming ...

After independence, under the first 5-year plan's push for rural development, the government nationalised the Imperial Bank. On July 1, 1955, the State Bank of India was born under the State Bank of ...

Central bank flags global volatility, but reaffirms India’s robust banking and financial ecosystem Amid rising global ...

India’s central bank drained 849.75 billion rupees ($10 billion) of excess cash from the banking system in its first such ...

The Reserve Bank of India has proposed relaxing norms for investments in alternate investment firms by regulated entities (REs) in the aftermath of its earlier tightening bringing in financial ...

The Reserve Bank of India (RBI) has given an in-principle approval to UAE’s Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.

Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world ...

The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of ...

According to the Reserve Bank of India's holiday calendar 2025, banks are shut on May 1, 2025, on account of Maharashtra Din/May Day (Labour Day). Banks will remain closed in Belapur, Bengaluru, ...

The Reserve Bank is in the forefront as the second largest buyer of the yellow metal, snapping up 2.8 tonnes in January and February 2025 alone, on top of 72.6 tonnes in 2024, taking the overall ...

Former Reserve Bank of India Governor Shaktikanta Das was appointed Principal Secretary to Prime Minister Narendra Modi on Saturday. With this announcement, his career was further elevated to a new ...