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
The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 crore on IndusInd Bank for non-compliance with certain directions related to Know Your Customer (KYC). ...
The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1 crore monetary penalty on Kotak Mahindra Bank Limited for non-compliance with certain directions related to customer protection. ...
Indian currency rupee on Tuesday hit a fresh all-time low of 78.59 per US dollar, primarily due to a sell-off in equities, rising inflationary pressures, and elevated global crude oil prices. ...