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 ...

Amid rising global economic uncertainties, the Reserve Bank of India (RBI) has said that India continues to be a key engine ...

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's recent jumbo rate cuts took economists by surprise, as many indicators point to an economy ...

India’s $700 billion in foreign exchange reserves gives the economy a crucial cushion against rising geopolitical turmoil, a member of India’s rate-setting panel said, as hostilities in the Middle ...

Reserve Bank of India proposes relaxing rules for investments in AIFs In December 2023, the RBI had barred REs, including banks and non-banking finance companies (NBFCs), ...

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 ...