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 ...

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

More Information. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.

The Reserve Bank of India (RBI) has expressed confidence in aligning headline inflation with its target of 4.0 per cent over a 12-month horizon, supported by easing food prices and favourable economic ...

Reserve Bank cuts OCR to 3.25% and indicates there may be one more cut this year - bank economists may have expected and hoped for more; RBNZ's GDP forecasts for this year cut The Reserve Bank (RBNZ) ...

The Reserve Bank of India (RBI) on Friday approved a whopping dividend of Rs 2.69 lakh crore for FY25 to the Centre as against Rs 2.1 lakh crore in FY24, which will help New Delhi in its push to ...

The Reserve Bank of India has given "in-principle" approval to Emirates NBD Bank PJSC to set up a wholly owned unit in India, the central bank said on Monday. Emirates NBD, Dubai's biggest bank by ...

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 ...

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 ...

RBI Repo Rate Cut: Earlier in February, the Reserve Bank of India's six-member monetary policy committee (MPC) announced its first rate cut since May 2020 amid a slowdown in the economy.

The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025, the banking regulator said in a statement.