What is Monetary Policy Committee, and what is its function?

New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a...

RBI imposes monetary penalty on IndusInd Bank

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary...

RBI imposes monetary penalty on Kotak Mahindra Bank

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed over Rs 1...

RBI launches survey on International Trade in Banking Services

Mumbai (Maharashtra) [India], July 4 (ANI): The Reserve Bank of India (RBI) on Monday said it has launched the...

Why are central banks raising lending rates aggressively?

New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of...

Forex reserves rise $2.73 billion after three week of fall

New Delhi [India], July 2 (ANI): India's foreign exchange reserves rose by $2.734 billion to $593.323 billion during...

RBI releases the Financial Stability Report, June 2022

New Delhi [India], June 30 (ANI): Reserve Bank of India (RBI) released the 25th issue of the Financial Stability...

Cryptocurrencies are a clear danger: RBI Governor

Mumbai (Maharashtra) [India], June 30 (ANI): Cryptocurrencies are a clear danger and anything that derives value...

Fleet operators in expansion lane despite higher interest rates

New Delhi [India], June 30 (ANI): Fleet operators are likely to continue adding to their fleet size this financial...

Bank deposit growth moderated year-on-year in March, says

New Delhi [India], June 29 (ANI): Bank deposit growth has moderated year-on-year to 10.0 per cent in March 2022 as...

RBI imposes penalty on The Tiruchengode Co-operative Urban Bank

New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The...

ICRA sees India's policy rate hike shallower than US

New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap...