MUMBAI: Stating that the Reserve Bank has no tolerance towards frauds and mis-selling, governor Sanjay Malhotra said the ...

Bank of Maharashtra is expecting Rs 125-150 crore of additional expected credit loss (ECL) provisioning every quarter to meet the Reserve Bank of India’s (RBI) guidelines, source told ...

The Reserve Bank of India (RBI) has instructed banks to use the '1600xx' phone numbering series for customer transactions to combat financial fraud. Banks must also use '140xx' numbers for promotional ...

In a significant push to enhance the global usage of the Indian Rupee (INR) and local currencies for cross-border transactions, the Reserve Bank of India (RBI) has liberalised key regulations under ...

The World Bank attributed the drop in India's growth rate from 8.2 per cent in 2023-24 to 6.5 per cent in the current fiscal year to "a slowdown in investment and weak manufacturing growth".

SRVAs were introduced in July 2022, and several foreign banks have since opened such accounts with banks ... In its annual report on Currency and Finance published in July 2024, the RBI had listed ...

The Reserve Bank of India has implemented new rules to facilitate the use of the rupee in international trade and investment. These regulations allow overseas branches of authorised banks to open ...

MUMBAI: Non-residents will now be able to open rupee accounts in the overseas branches of India-registered authorized dealer banks and conduct cross-border transactions in rupees as the central ...

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 ...

Gift 5 articles to anyone you choose each month when you subscribe. Bond markets are signalling a strong chance that the Reserve Bank will next month finally deliver the first Australian rate cut ...

Texas border czar Mike Banks has been tapped to be the next US Border Patrol chief, sources told The Post Thursday. Banks, a longtime former border agent himself, will serve as the federal agency ...

Some of you seem to believe that we're claiming that banks are about to go under imminently. That's not the purpose for which these are articles are written. We see the risks on bank balance ...