Starting October 31, the Reserve Bank of India asked all banks to move their websites to the new '.bank.in' domain to stop phishing scams
Inflation could stay low for some time, but should be viewed with caution amid global risks and climate change
Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30
The RBI has recognised the Self-Regulated PSO Association (SRPA) as an SRO for payment system operators, marking a key step in strengthening oversight and governance in digital payments
The central bank's online redressal system ensures your grievance doesn't go unheard.
Sebi's Kamlesh Chandra Varshney voiced concerns over inflated valuations in IPOs and corporate arrangements, urging stronger frameworks to protect minority shareholders and simplify compliance
Credit card spending zoomed during the festival season, aided by a rationalisation of GST rates, with private lenders leading the way
The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week
RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end
The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media
The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February
Bankers say that given the substantial exposures banks will have to take for M&A financing, the current ceiling for banks' exposure to the sensitive sectors is likely to be a hurdle
At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business
The Reserve Bank's central board on Friday held a meeting in Udaipur and reviewed global and domestic developments. "The Board assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments and associated challenges," an official statement from the central bank said. It "assessed" the activities of Deposit Insurance and Credit Guarantee Corporation (DICGC), the statement, which comes amid announcements on steps to increase the coverage amount under the scheme, said. Select Central Office Departments' working, including the Consumer Education and Protection Department, was also reviewed by the board, it added. This was the 619th meeting of the central board of directors of the RBI, it said, adding that Governor Sanjay Malhotra chaired the meeting. Deputy Governors T Rabi Sankar, Swaminathan J, Poonam Gupta and S C Murmu, and other directors, including financial services secretary M Nagaraju, economic affairs secre
Experts at the Business Standard BFSI Summit call for a zero-trust approach and greater awareness as AI threats rise and customer education remains a long journey
The Reserve Bank of India (RBI) will continue to take a measured approach in developing its Central Bank Digital Currency (CBDC), prioritising careful assessment over speed,
RBI Deputy Governor T Rabi Sankar said the central bank will take a calibrated approach to rolling out the digital rupee, maintain its firm stance against cryptocurrencies, and push for rupee globalis
The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday said that India is growing steadily at 6.5 per cent, with a forecast of 6.8 per cent for the year.
State Bank of India (SBI) Chairperson C S Setty on Wednesday said India’s overall credit growth remains strong.
As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high