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 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 Monday said it has imposed a monetary penalty on Urban Co-operative Bank Ltd, Budaun for contravention of the central bank's regulations. ...
Fitch Ratings on Friday lowered India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 7.8 per cent from its earlier projection of 8.5 per cent announced in March, citing inflationary impacts of the global commodity pr ...