"Overseas branches of Authorized Dealer banks will be able to open INR accounts for a person resident outside India for settlement of all permissible current account and capital account transactions ...

To promote cross-border transactions in rupees and other local or national currencies, the Reserve Bank of India (RBI), in collaboration with the central government, has reviewed the current ...

The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid ...

The Reserve Bank of India (RBI) on Wednesday lifted restrictions imposed on Chennai based Asirvad Micro Finance and Delhi based DMI Finance, with immediate effect, after being satisfied with the ...

RBI said these innovative solutions have the potential for wider adoption in the existing financial system, but are subject to compliance. The Tribune, now published from Chandigarh, started ...

From our interview: Now, see this colored chart? Represented by about twenty-five colored lines is a diagram of my life. Gray is for vagueness. Everything, for me, has to be put in diagram or spatial ...

The Reserve Bank of India (RBI) has granted HDFC Bank, India’s largest private lender, permission to acquire up to a 9.5% stake in AU Small Finance Bank (AU SFB). The approval is valid for a year from ...

Significantly, unlike many of its peers - such as the central banks of Turkiye, Switzerland or China -RBI seldom sells gold, as it is a politically difficult decision. World Gold Council data showed ...

The Reserve Bank of India (RBI) has granted HDFC Bank, India's largest private lender, permission to acquire up to a 9.5 percent stake in AU Small Finance Bank within a year from the approval date.

RBI has given its approval to HDFC Bank group to acquire “aggregate holding” of up to 9.50 per cent of the share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank and ...

The Reserve Bank of India may lower policy rates by 50 bps in the first half of 2025, following a recent liquidity easing and CRR reduction. This move is expected to support growth but could ...

Jefferies report says "After easing stance on liquidity & CRR by 50bps, RBI may review policy rates; we see 50bps rate cuts in 1H25". The report highlighted that the RBI's shift from a "withdrawal" ...