reserve bank of india

NEW DELHI: The amount involved in frauds reported by banks and select financial institutions based on the date of occurrence of fraud declined significantly from Rs 32,178 crore in 2019-20 to Rs 3,785 crore in 2021-22, Union minister …

India is poised to be the fastest-growing major economy in the world and an engine of global growth despite global headwinds, says leading industrialist and Aditya Birla Group Chairman Kumar Mangalam Birla. The economic activity in India…

NEW DELHI: Indian equity markets recorded their best weekly performance during the session till Friday, supported by renewed buying, especially in banking and IT stocks as well as the return of foreign investments into the Indian markets…

Private sector reported a 50% jump in net profit for the June quarter on account of 62% lower provision and higher net interest income. Net interest income rose 32% at Rs 1,850 crore, while net interest margin for the quarter rose…

The country's foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb the fall of the rupee. In the previous week ended…

Four co-operative banks - Saibaba Janata Sahakari Bank, The Suri Friends' Union Co-operative Bank Ltd, Suri (West Bengal) and National Urban Co-operative Bank Ltd, Bahraich - have had restrictions imposed on them by the Reserve Bank of…

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said digital lending players should only carry out activities for which they have licenses and violations are not acceptable. Last month, RBI had asked non-bank Prepaid…

Reserve Bank of India Governor Shaktikanta Das on Friday assured that the organisation would ensure that the country's economy has a soft landing. Speaking at a banking conclave, Das said " endeavour shall be to ensure a soft landing…

Financial technology and digital lending firms must operate under the licenses given to them, the Reserve Bank of India Governor Shaktikanta Das said on Friday. The governor stated that the central bank could not allow building up of…

In signs of major relief for the economy, Reserve Bank of India governor Shaktikanta Das said on Friday that inflation appears to have peaked. Das said despite the softening in consumer prices the situation still remains uncertain. “As…