The Reserve Bank of India is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of the entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India.RBI regulates commercial banks and non-banking finance companies working in India. It serves as the leader of the banking system and the money market. It regulates money supply and credit in the country. Read More
World Bank has cautioned India that credit flow from the non-bank financial companies (NBFC) is expected to linger while growth will remain subdued at 5 per cent for the current fiscal. ...
Three loss making PSU Banks Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government. ...
State-run Punjab National Bank (PNB) is yet again in the news in connection with "fraud" after the former Maruti Suzuki Managing Director (MD) Jagdish Khattar was booked by the CBI in a Rs 110 crore alleged bank loan fraud case involving his new comp ...
The Sensex advanced nearly 200 points on Wednesday but further gains were capped as investors held their bets ahead of the release of GDP numbers later in the day. The Sensex closed at 41,021 while the Nifty settled at 12,101. ...
Selling intensified towards the closing bell on Friday after markets digested Moody's downgrade of India's sovereign outlook from 'stable' to 'negative' citing increasing risks to the country's economic growth. ...
IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore in respect to Kingfisher Airlines. ...
