The Reserve Bank of India has imposed monetary penalty on three banks, for several reasons. The apex bank has fined these ...

Inflation impacts loan repayment through rising interest rates, increasing borrowing costs, and affecting purchasing power. Borrowers may face higher EMIs, budget challenges, and the need for longer ...

RBI announces cancellation and restoration of NBFC licences, including Reliance Commercial Finance and IDFC Limited.

A day after imposing business restrictions on the city-headquartered New India Cooperative Bank, the Reserve Bank on Friday superseded the lender’s board citing governance lapses and appointed an ...

The total reserves rose on the back of the rise in foreign currency assets which rose by $6.42 billion to $544.11 billion ...

RBI is India’s central bank, responsible for monetary policy, financial stability, and supervision of banks, rather than conducting commercial banking activities. No Public Transactions: Unlike ...

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are ...

On February 13, the RBI had restricted New India Co-operative bank from doing fresh business and accepting deposits, citing ...

MUMBAI: India’s foreign exchange reserves rose for a third straight week to more than a one-month high of $638.26 billion as ...

The Indian rupee logged its biggest weekly rise against the dollar in seven months, lifted by the central bank's ...

India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day ...

Discover why depositors at New India Co-operative Bank will only receive Rs 5 lakh, regardless of their deposit amount. Find ...