This is provided they use the accounts for transactions with a resident of India. India’s central bank is now allowing overseas branches of authorized banks to open rupee-denominated accounts for ...

RBI former deputy governor Shri M. K. Jain will serve as chairperson. The Reserve Bank of India has announced the names of ...

Interest income grew 8% year-on-year to Rs 1,591 crore while interest expense rose 15% to Rs 704 crore during the quarter under review. Provisions (other than tax) and contingencies jumped 254% to Rs ...

A bomb threat email prompted an immediate security response at a school in the Jogeshwari-Oshiwara region of Mumbai.

Trump’s policies have added to our contextual complexity. Faced with conflicting demands, India’s central bank should wait ...

Retail lending, particularly in the unsecured segment such as personal loans and credit cards, has been under scrutiny in recent months. With the Reserve Bank of India flagging concerns and tightening ...

State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds.

P. Suriaraj has taken charge as executive director of the Dhanlaxmi Bank. He was appointed by the Reserve Bank of India (RBI) as executive director of the Bank for a period of three years.

Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past.

The department also imposed additional legal charges of ₹3,00,000 and ordered Axis Bank to pay ₹50,00,000 in compensation for ...

Ujjivan Small Finance Bank seeks RBI approval for universal bank license, meeting stringent criteria for transition.

According to official sources, ‘small and mid-sized’ microfinance institutions (MFIs) would be the main beneficiaries of the fund, as these are expected to play a big role in extending collateral-free ...