More than a lakh depositors and cooperative housing societies are affected as New India Cooperative Bank is put under moratorium by RBI due to supervisory concerns. An administrator and committee ...

The Reserve Bank of India (RBI) has approved re-appointment of Sumant Kathpalia as MD, CEO of IndusInd Bank for a period of one year with effect from March 24, 2025, according to an exchange filing.

The liquidity remains tight for banks as the money borrowed through VRR auctions have to be returned on an everyday basis to the RBI—which means they borrowed today through the VRR has to be ...

A man walks past the RBI logo at RBI headquarters in Mumbai, Friday, Feb. 7, 2025.(Shashank Parade/PTI) This comes after the close of the bank's business on Thursday, February 13, 2025 ...

MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 to inject Rs 86,000 crore into the banking system.

With the RBI's recent repo rate cut, we may expect lower lending rates for retail loans such as home loans and vehicle loans. However, it usually takes some time for customers to see these ...

The RBI will conduct the buy/sell swap on February 28, it said in a release. The first leg of the transaction would be settled on March 4 and could infuse around 870 billion rupees ($10 billion ...

The Reserve Bank of India (RBI) on Friday, February 14, superseded the board of Maharashtra-based New India Co-operative Bank for 12 months, one day after imposing several restrictions ...

RBI now owns nearly 100 percent of the Burger King China segment and said it will engage advisers to assist the company in finding a new local partner to “inject primary capital into the business and ...

The RBI has appointed former SBI CGM Shreekant as the bank’s administrator and formed a committee of advisors to assist the administrator. Eligible depositors can get funds of up to ₹5 lakh ...

The Reserve Bank of India's (RBI) restrictions on New India Co-operative Bank, located in Bandra, Mumbai, have triggered panic among customers, who are now unable to access their deposits.

A day after the Reserve Bank of India (RBI) imposed restrictions on the New India Co-operative Bank due to supervisory concerns, the central bank today superseded the Board of Directors of the ...