Under the framework, an SRO-AA should be set up as a not-for-profit company registered under Section 8 of the Companies Act, 2013 | Photo Credit: REUTERS The Reserve Bank of India (RBI ...

The RBI is scrutinizing the use of a 2003 foreign exchange regulation granting NRI status to Indian students abroad, aimed at tax and fund transfer benefits. The central bank considers refining ...

The Reserve Bank of India (RBI) may prefer a public sector banker as a replacement for IndusInd Bank’s current chief Sumant Kathpalia, according to industry sources. RBI recently gave its ...

The depositors need not worry about the safety of their money as the RBI regulates banks and financial institutions. The challenge for the RBI was to give adequate freedom to the bankers while ...

The latest data presented by the Reserve Bank of India (RBI) show easing of personal loan expansion in India's financial sector. Personal loan expansion year-to-year was 14.2% in the fortnight as ...

India’s monetary authority will pump in another $21.5 billion worth of cash via bond purchases and a forex swap as the ...

While this should not be seen as a cancellation of banking license by RBI, nervous customers gathered outside the bank branches with the hope of withdrawing their hard-earned money. Many customers ...

It looks like the RBI will continue to pump in more money to bridge the liquidity shortage in the system and thereby positively influence the credit growth to the productive sectors. In fact ...

However, the weighted average inter-bank call money rate remains above RBI's policy repo rate, despite these infusions. RBI has already infused Rs 1.8 lakh crore through long-term repos maturing ...

The Reserve Bank of India (RBI) has directed large non-banking ... a line of credit is a defined amount of money that you can access as needed and use as you wish. Then, you can repay what you ...

How am I supposed to manage without access to my money? We are not even getting proper answers." The RBI has assured depositors that it will monitor the situation and take necessary actions in ...

The Reserve Bank of India (RBI) has proposed fresh guidelines for all lenders with regard to the levy of foreclosure charges and pre-payment penalties on loans, according to a draft circular ...