The Reserve Bank of India cut its key repo rate by a larger-than-expected 50 basis points and slashed the reserve ratio for banks as low inflation gave policymakers room to focus on supporting growth.

US Federal Reserve chief Jerome Powell told lawmakers the central bank is in no rush to lower interest rates as officials ...

The Reserve Bank of India (RBI) has expressed confidence in aligning headline inflation with its target of 4.0 per cent over a 12-month horizon, supported by easing food prices and favourable economic ...

Following the Reserve Bank of India’s (RBI’s) decision to reduce policy repo rate by 50 basis points, Union Bank of India has revised its key lending rates with effect from June 11.

MUMBAI, - The Reserve Bank of India has sought feedback from large market participants on aligning the overnight interbank call money rate more closely with the policy repo rate, five treasury ...

The numbers are deeply unsettling. Bank frauds aren’t just rising—they’ve exploded. The total amount lost to fraud tripled in just a year, from ₹ 12,230 crore in 2023–24 to ₹ 36,014 ...

The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, ...

Meanwhile, Kalyan Kumar, who is serving as ED in Delhi-headquartered Punjab National Bank, will succeed M V Rao as MD of Central Bank of India after his superannuation in July, PTI reported.

New Delhi: Banks across India will stay open on Saturday, May 31, as it is the fifth Saturday of the month. According to the Reserve Bank of India (RBI) guidelines, banks are closed on the second ...

The Reserve Bank of India last month bent its rules to let Japan's Sumitomo Mitsui Banking Corp buy a 20% stake in Yes Bank, and two foreign institutions are vying for a stake in IDBI Bank, ...

Press Information Bureau of India has refuted the claims that the Reserve Bank of India is going to discontinue the Rs 500 banknotes by March 2026. The PIB said that the central bank has made no ...

India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said. The ...