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
The Appointments Committee of the Cabinet on Saturday approved the appointment of T Rabi Sankar to the post of Deputy Governor of the Reserve Bank of India. ...
Fitch Ratings has downgraded Future Retail Ltd's (FRL's) long-term issuer default rating to 'restricted default' from 'distressed' following the company's announcement that it has completed restructuring of bulk of its onshore debt. ...
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday held a virtual meeting with managing directors and CEOs of small finance banks to gauge potential stress on their balance sheets in the backdrop of rising Covid-19 cases and consequent lo ...
S&P Global Ratings on Thursday downgraded Future Retail to selective default (SD) on restructuring of onshore debt but kept the issue rating at CCC-minus. ...
Fitch Ratings has affirmed India's long-term foreign-currency issuer default rating (IDR) at BBB-minus and said the surging second wave of Covid-19 might delay GDP recovery but will not derail the economy. ...
The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said. ...