India's IndusInd Bank chiefs urged to step down, sources say; bank denies report
The Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses ...
India central bank likely 'passively' mopping dollar inflows, traders say
The Reserve Bank of India has likely been "opportunistically" absorbing dollar inflows over the past few sessions, probably ...
Indian rupee rally, lower hedging costs to spur corporate interest in central bank's FX swap
The Indian rupee's recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of ...
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RBI Enforces Penalties on Citibank and IDBI Bank for Regulatory Lapses
The Reserve Bank of India penalized Citibank N.A. Rs 36.28 lakh for violations under the Liberalised Remittance Scheme and ...
IndusInd Bank CEO, deputy may have to exit after accounting lapses: Report
The lender is under focus after its recent disclosure of a substantial accounting discrepancy stemming from an internal ...
How US has become India’s biggest source of remittances
As per the Reserve Bank of India’s latest survey of remittances, advanced economies have replaced the Gulf nations as India’s ...
Bank strike: Banking services likely to be hit on THESE days next week — all you need to know
Banking services in India are set to be affected as workers’ unions call for a strike next week. The operations of public, ...
Up To Rs 36,30,000 Penalty: Why RBI Penalised IDBI Bank, Citibank? Find Out!
While IDBI Bank was penalised due to violation of Foreign Currency Account guidelines, Citibank faced a penalty for ...
Outward remittances under Reserve Bank of India's LRS drop 8.6% in Apr-Jan
In the April-January period of FY25, the largest segment - international travel segment slipped marginally to $14.75 billion, ...
IndusInd Bank denies report about bank’s chiefs to exit within months after accounting lapses
Reuters citing sources have reported that the Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step ...
Reserve Bank of India appoints Indranil Bhattacharyya as Executive Director
The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025, ...
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Indian Bank to Boost Infrastructure with Rs 5,000 Crore Bond Issue
Indian Bank plans to raise Rs 5,000 crore via long-term infrastructure bonds to support infrastructure projects. Approved by ...