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) has directed all lending institutions to implement provisions of the scheme for grant of ex-gratia payment of the difference between compound and simple interest from March 1 to August 31 to borrowers in specified loan ...
Jharkhand Chief Minister Hemant Soren on Thursday wrote a letter to Prime Minister Narendra Modi and condemned the act of deduction of Rs 1,417 crore from the account of state with the Reserve Bank of India (RBI) in connection with the pending paymen ...