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 ...

The Indian rupee and government bonds are likely to react to shifts in market expectations of interest rate cuts by the U.S.

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