State Bank of India (SBI) is classifying the loan account of insolvent Reliance Communications as fraudulent, citing alleged ...

An internal committee of the Reserve Bank of India is in favor of retaining the current inflation target in an upcoming government review, according to people familiar with the matter, giving ...

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 ...

Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, ...

The Indian central bank's decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut ...

India’s $700 billion in foreign exchange reserves gives the economy a crucial cushion against rising geopolitical turmoil, a ...

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 ...

The Reserve Bank of India is expanding digital rupee pilots with new offline and programmable features, as digital payments in India grow sharply in 2024–2025.

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, ...

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 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.