Retail inflation remains above 7%

Retail inflation remains above 7%

India’s retail inflation eased marginally to 7.01% in June from 7.04% in May, but remained higher th..

RBI slaps fine on Ola Financial Services

RBI slaps fine on Ola Financial Services

The Reserve Bank of India has imposed a penalty of over Rs 1.67 crore on Ola Financial Services for ..

RBI sets up mechanism for global trade settlement in rupee

RBI sets up mechanism for global trade settlement in rupee

The Reserve Bank of India (RBI) has asked banks to put in place a mechanism to settle international ..

Rupee slides to new low, closes at 79.44

Rupee slides to new low, closes at 79.44

The rupee closed on a new low of 79.44 against the US dollar even as the greenback continued to make..

RBI fines 3 co-operative banks

RBI fines 3 co-operative banks

The Reserve Bank of India (RBI) has fined three co-operative banks for deficiencies in regulatory co..

Banks to post Rs 13,000 cr MTM losses in Q1: ICRA

Banks to post Rs 13,000 cr MTM losses in Q1: ICRA

Rating agency ICRA expects banks to remain profitable in the first quarter of FY23, despite mark-to-..

HDFC Bank raises MCLR by 20 basis points, EMIs to get costlier

HDFC Bank raises MCLR by 20 basis points, EMIs to get costlier

For HDFC Bank customers, interest rate on home, car, personal and other loans will become costlier a..

RBI introduces 5 measures to check rupee fall, boost forex inflows

RBI introduces 5 measures to check rupee fall, boost forex inflows

With the Indian currency sliding to new lows this month, the Reserve Bank of India (RBI) on Wednesda..

How NBFCs will feel the pinch in a high interest rate cycle

How NBFCs will feel the pinch in a high interest rate cycle

In a rising interest rate cycle, non-banking financial companies (NBFCs) are banking on credit growt..

Muthoot Finance gets RBI nod to open 150 branches

Muthoot Finance gets RBI nod to open 150 branches

After a three-year hiatus, Muthoot Finance is on a branch expansion spree across southern and northe..

Rupee falls to record low, touches 79.37 against US dollar

Rupee falls to record low, touches 79.37 against US dollar

The Indian rupee tumbled to its lowest against the US dollar amid a record trade deficit, rising con..

RBI approves HDFC Bank’s merger proposal with parent

RBI approves HDFC Bank’s merger proposal with parent

HDFC Bank, India’s largest private lender, has received the Reserve Bank of India's (RBI) nod for it..

RBI penalises Kotak Mahindra Bank, IndusInd Bank

RBI penalises Kotak Mahindra Bank, IndusInd Bank

The Reserve Bank of India (RBI) has fined private sector lenders Kotak Mahindra Bank and Indusind Ba..

Bank frauds fall in FY22

Bank frauds fall in FY22

Banking frauds involving sums of over Rs 100 crore have seen a significant fall, with reported cases..

DICGC to pay depositors of two stressed co-operative banks in Aug

DICGC to pay depositors of two stressed co-operative banks in Aug

The depositors of two Maharashtra-based co-operative banks will get paid their insurance cover of up..