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 Reserve Bank of India (RBI) on Friday, July 2, made some noteworthy changes regarding the interest on the amount left unclaimed with the bank after a term deposit (TD)/Fixed Deposit (FD) matures. According to the new rules if a customer forgets o ...
The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from the London Interbank Offered Rate (LIBOR). ...
The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules. ...