The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign Exchange Management Act (FEMA) after ...

India is exploring the issuance of new banking licences for the first time since 2014, amid plans to allow large companies ...

Banks across India remain closed on second and fourth Saturdays of the month in accordance to the RBI bank holiday calendar.

India's foreign exchange reserves topped $700 billion last week to hit a 9-month high, which, alongside the central bank's ...

Reserve Bank of India (RBI) imposes penalties on HDFC Bank for foreign investment norms violation and Shriram Finance for ...

New Delhi: The country's gold reserves grew by $342 million during the week, reaching $84.846 billion, according to the ...

India’s central bank announced plans to withdraw excess liquidity from the banking system, a move likely aimed at stemming ...

The ripple effect of the Reserve Bank of Indias recent 100 basis point repo rate cut is now being strongly felt across the ...

The Reserve Bank of India's increased tolerance for rupee volatility is prompting companies to more actively manage forex ...

India’s central bank said on Thursday it will conduct a seven-day variable rate reverse repo (VRRR) auction worth 2.5 ...

The clarification refers to earlier instructions issued in December 2024 on credit flow to agriculture and the Master ...

Since its the second Saturday of the month, all banks across India will remain closed as per the RBIs holiday schedule.