The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Read More
Axis Bank, India's third-largest private sector bank, announced a series of commitments aligned to achieving the Sustainable Development Goals (SDGs), supporting India's commitments under the Paris Agreement. As part of its commitments, the Bank has ...
Yes Bank's founder Rana Kapoor's wife Bindu Kapoor and daughters Roshni and Radha Kapoor on Monday moved an application in the Bombay High Court seeking bail by challenging The Central Bureau of Investigation (CBI) special court's order which had ref ...
Antworks, a leading Indian online financial services platform, announced on September 17, 2021, the official launch of AntPay, a Neo banking Super App. The AntPay app integrates Mobile payments, banking, loans, Insurance, investments, etc. on a singl ...
