Delay in hiking the limit will leave doubts about the concerns that weighed on the RBI, and whether those concerns could arise again in future
The country's second-largest bank Punjab National Bank said it was awaiting advisory from the Finance Ministry and the Reserve Bank with regard to SWIFT-related transactions with Russian entities
The overall reserves had increased by USD 2.762 billion to USD 632.952 billion in the previous reporting week
RBI governor says accommodative stance based on our domestic growth-inflation dynamics
RBI's floating rate bond is a safe and long-duration product you may enter into at present
The meeting between the banks and RBI comes amid reports that the government is exploring the option of reactivating the rupee-ruble trade between the two countries
In January, all the three independent directors on the company's board had resigned over corporate governance issues and other matters
Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence
With cancellation of the licence, Sarjeraodada Naik Shirala Sahakari Bank Ltd has ceased to carry on banking business with effect from the close of business hours on Wednesday
The extent of the payments that are stalled is not clear at the moment and RBI is trying to assess it
The Reserve Bank of India has imposed a penalty on three cooperative banks, including Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh, for deficiencies in regulatory compliances
The RBI is also gauging the extent of damage to the Indian banking sector amid the Ukraine crisis. More on this and other stories in our top headlines this morning.
Essentially, BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for dollars
The rupee weakened 0.95 per cent against the dollar in February
The move is intended to harm Russian president Vladimir Putin's ability to finance the war
Maintaining their growth momentum, information technology companies recorded 20.7 per cent increase (y-o-y) in sales during the third quarter of 2021-22
The Reserve Bank of India is proposing to assess the impact of the multi-media awareness campaigns launched by it to promote financial literacy and also safe banking practices.
With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added
Rupee may breach 76/$ if geopolitical tensions persist
Rakesh Sharma's reappointment as the MD&CEO of IDBI bank has received the banking regulator, Reserve Bank of India's (RBI) nod.