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 ...

A District Cooperative bank was allegedly turned into a bar after a half-empty bottle of alcohol and mugs and a glass were found inside the bank. Soon the video went viral on social media.

According to the central bank’s latest annual report, more than half of frauds took place in digital or card-based transactions, even though they accounted for only 1.4% of the $4 billion in scams.

The Federal Reserve System is the central bank of the U.S., established by Congress in 1913. Its primary purpose is to improve the stability of the American banking system.

As per the Reserve Bank of India (RBI) holiday calendar, banks in India stay closed on the second and fourth Saturdays of each month, along with all Sundays. In June 2025, this means banks will be ...

MUMBAI (Reuters) -India's central bank plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government ...

The World Bank’s latest global poverty update reveals a dramatic decline in extreme poverty across India between 2011-12 and 2022-23, with 269 million people rising above the international poverty ...

About 75.24 million people were living in extreme poverty in India during 2022-23, a massive drop from 344.47 million in ... Extreme Poverty Rate Drops To 5.3% From 27.1% In India: World Bank Report ...

Bakrid 2025 Bank Holiday in India: According to the Reserve Bank of India’s (RBI) bank holiday calendar for 2025, public-sector banks (PSBs) and private banking institutions will be closed for two ...