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
India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during ...
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. ...
