Search For "bank of india"
Indian startups will leverage AI, create value and expand globally: DPIIT
Updated : 5 days ago IST
The Fund of Funds for Startups is implemented by the Small Industries Development Bank of India (SIDBI) and invests in SEBI-registered Alternative Investment Funds, which in turn deploy capital into eligible startups.
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Despite surge in digital payments, paper money circulation at record level
Updated : 5 days ago IST
Cash use in India remains strong and currency in circulation has reached a record high despite the rapid rise in digital payments, mainly due to higher consumption, lower interest rates, and the replacement of Rs 2000 notes, according to a report by State Bank of India (SBI).
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RBI's new capital market exposure norms will help banks fund acquisitions
Updated : 5 days ago IST
The Reserve Bank of India's (RBI) new rules on banks' capital market exposure will allow lenders to actively participate in corporate takeovers, mergers and acquisitions (M&A), and leveraged buyouts, according to a report by JM Financial.
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India forex reserves drop $6.7 billion from record high to $717.1
Updated : 5 days ago IST
India's foreign exchange reserves dipped USD 6.711 billion in the week that ended February 6 to USD 717.064 billion, after having reached a new all-time high in the prior week, according to the Reserve Bank of India's latest data.
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CPI base revision has limited impact, RBI likely to hold rates in coming q
Updated : 5 days ago IST
The revision in the Consumer Price Index (CPI) base year has had a limited impact on monetary policy interpretation, and the Reserve Bank of India (RBI) is expected to maintain status quo on interest rates in the coming quarters, according to a report by Union Bank of India.
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A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO
Updated : 5 days ago IST
New Delhi [India], February 11: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of Ind
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India’s ECB touch USD 4.43 billion in December; Air India, IndiGo emerge a
Updated : 5 days ago IST
A review of the data shows that ECB funds during the month were primarily utilised for import of capital goods, new project execution, modernisation of facilities, and on-lending by financial institutions. Manufacturing, financial services, infrastructure and transportation sectors accoun
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Digital arrest cases: SC directs MHA to adopt RBI's SOP on cyber frauds
Updated : 5 days ago IST
The Supreme Court on Monday directed the Ministry of Home Affairs (MHA) to formally adopt and implement, across the country, the Standard Operating Procedure (SOP) issued by the Reserve Bank of India (RBI) on January 2, 2026, to ensure effective inter-agency coordination in cases of cyber
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RBI likely at end of rate-cut cycle, to opt for long pause as inflation ri
Updated : 5 days ago IST
The Reserve Bank of India (RBI) has likely come to the end of its rate-cutting cycle and is expected to opt for a long pause, as there appears to be limited room to lower interest rates further unless the new series of CPI and GDP throw up unforeseen surprises, according to a report by Bank
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India's forex reserves touch fresh record high of $723.8 billion
Updated : 5 days ago IST
India's foreign exchange reserves reached another new all-time high in the week ended January 30, according to the Reserve Bank of India's latest data.
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Transcorp International Limited Receives RBI's In-Principle Approval for C
Updated : 5 days ago IST
Jaipur (Rajasthan) [India], February 7: Transcorp International Limited has received in-principle approval from the Reserve Bank of India (RBI) for participation in Centralized Payment Systems (CPS), marking a significant development in its banking services infrastructure. The CPS authorisat
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No rate cut this time: What kept RBI in wait-and-watch mode, answers CRISI
Updated : 5 days ago IST
The Reserve Bank of India's (RBI) latest Monetary Policy Committee (MPC) decision reflects confidence in the country's growth-inflation dynamics, with stable economic momentum and a gradual normalisation of inflation supporting the continuation of a neutral policy stance, according to Dha
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