The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. Read More
State-run lenders currently under the RBI's Prompt Corrective Action (PCA) framework on account of bad loans and heavily loss making banks may not be allowed to buy the pooled retail assets of non-banking finance companies (NBFCs) under the scheme a ...
The Reserve Bank of India (RBI) on Monday said its accounts have just been closed and based on the accounts, its audit committee and the RBI Central Board will take a decision on the Centre's demand for a Rs 90,000 crore dividend. ...
Finance Minister Nirmala Sitharaman will brief the RBI's central board on Monday on Budget measures and sources said the upcoming sovereign bonds, NBFC issues and RBI dividend will figure in the discussion at the Central Board meeting. ...
Another fraud, this time amounting to Rs 3,805.15 crore has been reported at the state-run Punjab National Bank (PNB), this time by the now-insolvent Bhushan Power and Steel Ltd (BPSL). ...
India's exports might become an unwarranted casualty of the government's plans to raise a part of its gross borrowings from external markets, according to analysts. ...
Finance Minister Nirmala Sitharaman on Saturday said the non-banking finance company (NBFC) sector crisis has plateaued but not ended yet and her ministry will monitor the emerging situation with the RBI, a day after she announced a slew of measures ...
Minister Narendra Modi has set a bold target of making India a $5 trillion economy by 2024 at a NITI Aayog meeting early last month, the conversations in the mass media have disproportionately centred on the idea. ...
Retail investors will soon get a chance to invest in government securities (G-Secs) and treasury bills with the Union Budget proposing a new mechanism to attract individual investors to the bond market. ...
