India’s foreign-exchange reserves have crossed Russia position to become the world’s fourth-largest, as the South Asian nation’s central bank continues to hoard dollars to mitigate the adverse effects of any…
Reportedly, the finance ministry is likely to infuse Rs 14,500 crore in the banks that come under the RBI’s prompt corrective action (PCA) framework in the next few days. This…
The minutes of the Monetary Policy discussions held on 5th February were published on 22 February. An analysis of the arguments discussed in the meeting gave an insight into the…
Indian economy picking up at a higher rate than expected After a bad quarter and the plunge of the Indian economy due to the COVID-19 pandemic, the economy is starting…
Reserve Bank of India (RBI) panel on Friday recommend providing banking licences to large industrial houses. This would allow the Aditya Birla group, the Tata group and Reliance Industries Ltd…
Lakshmi Vilas Bank becomes the fifth financial institution in India to fail. In the last two years, India has seen the downfall of banks such as IL&FS, DHFL, Yes Bank,…
RBI places Lakshmi Vilas Bank under moratorium for a period of one month; Restricted withdrawals at ₹ 25,000 for depositors The Reserve Bank of India (RBI) on Tuesday has placed…
WPI shows that wholesale price inflated up to 1.48 percent in October; highest since February The wholesale price inflated up to 1.48 percent in October, which marks as highest in…
The Supreme Court of India has been informed by the center that lenders have been directed to credit in the accounts of eligible borrowers the difference between compound interest and…
In September, India’s retail inflation increased to an eight-month high of 7.34% over increasing prices of essential kitchen items, government data showed on Monday, making the Reserve Bank of India’s…
