Global investors piled a net $216.3 million into Indian bonds on Friday, the day after Prime Minister Narendra Modi’s sweeping election victory.
The second-biggest daily inflow in two months turned foreign funds into net buyers of rupee-denominated notes for May, signalling theRead More
The Reserve Bank of India has appointed its former Deputy Governor R. Gandhi as an additional director on the board of private sector lender Yes Bank with immediate effect. The appointment is for two years, that is till May 13, 2021, the bank told exchanges.
Yes Bank had posted itsRead More
Mumbai: Continued strengthening of the US dollar, lack of foreign investment inflows and concerns over rising oil prices are likely to keep the rupee under pressure and push it down to the 70 mark this week, said bankers.
They added 69.30 remains a crucial levelRead More
The Supreme Court has refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia's third-largest economy.
A bench headed by Chief Justice Dipak Misra said the Reserve Bank of India's directive
New Delhi: After Firstpost's expose on Uttar Pradesh Co-operative Bank Limited (UPCBL) for financing tainted Simbhaoli Group and converting the non performing assets (NPAs) of Kesar Sugar Mills into a long-term loan, a rattled top bank managementRead More
Mumbai: Pune-based Rupee Co-operative Bank has been asked by the Reserve Bank to continue giving its services with restrictions for three more months till August this year in view of its financial position.
The Reserve Bank of India (RBI) had firstRead More
There are quite a few non-banking finance companies (NBFCs) registered with and regulated by the Reserve Bank of India (RBI) that are allowed to accept fixed deposits (FDs) from the public. But none of them can operate a savings account for a customer, and as a corollary cannot issue chequeRead More
New Delhi: Gitanjali group owner Mehul Choksi and Allahabad Bank CEO Usha Ananthasubramanian along with 13 others were on Wednesday charged by the Central Bureau of Investigation (CBI) for alleged cheating and corruption in the issuance of fraudulent letters of undertakingsRead More
emonetisation of high value currency notes in November 2016 seems to be affecting banking business, adversely now. Bank growth rate fell to its lowest since 1963 in the financial year ending March 2018. The bank deposit grew by 6.7 per cent in 2017-18, according to the data available on theRead More