reserve bank of india

A paper by the Reserve Bank of India (RBI) said on Friday that the newer marginal cost of funding based lending rate (MCLR) system is more effective than the erstwhile base rate method. According to news agency PTI, the paper said that…

The Reserve Bank of India (RBI) on Friday revealed that India's foreign exchange reserves contracted by USD 897 million to USD 572.978 billion in the week that ended August 5. The reserves had risen USD 2.315 billion to USD 573.875…

The Reserve Bank of India on Friday tightened rules to crack down on unfair recovery practices and strong arm tactics used by loan collection agents, after complaints against them continued to mount. The central bank mandated all…

(BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in…

Over seven per cent of Indians owned digital currency in the form of cryptocurrency in 2021, the United Nations trade and development body UNCTAD revealed. UNCTAD highlighted that the use of cryptocurrencies globally, including the…

NEW DELHI: Amid deteriorating finances, the AAP government in Punjab has pitched for a Rs 1 lakh crore special package from the Centre as it grapples with mounting dues and subsidies. The demand for the package has been made by Punjab CM…

The "freebie culture" has been elevated to the level of "art" for fighting elections and will lead to "disaster" if some political parties understand this is the only way to deliver public welfare measures, the Centre told the Supreme…

A government source on Thursday said that India is likely to be the fastest growing economy in the world this year, according to news agency PTI. The PTI source also revealed that the government is taking constant measures and is…

Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter,…

MUMBAI: India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk, according to people familiar with the matter.…