RBI has given in-principle approval to Japan’s SMBC to set up a wholly-owned banking subsidiary in India, strengthening ...

The report noted that during the period from FY05 to FY25, bank deposits increased significantly from Rs 18.4 lakh crore to ...

The Indian banking system has evolved significantly over the past few decades, playing a crucial role in the country's economic growth and contributing to global financial stability. With a robust mix ...

Currently, the banking system is estimated to be in surplus of around Rs 29,872.34 crore as on January 11, as per RBI data.

Investing.com -- The Reserve Bank of India (NSE:BOI) (RBI) announced on Monday that it will double the volume of security purchases under its upcoming open market operation on February 13. The move ...

Sanjay Malhotra, Governor of the Reserve Bank of India, reassured the public that India's banking system continues to be "safe and secure." He emphasized that the recent accounting lapses at IndusInd ...

March 5 (Reuters) - India's central bank said on Wednesday it will infuse $21 billion in rupee liquidity into the banking system in a bid to ease lending conditions and boost economic growth. The ...

MUMBAI, June 3 (Reuters) - The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, spurred by overseas institutions' eagerness for ...

Editor’s note: This is the second of a six-chapter article on the economy of India, published this week. In “lombard street”, published in 1873, Walter Bagehot, then editor of The Economist, wrote ...

India’s central bank drained 849.75 billion rupees ($10 billion) of excess cash from the banking system in its first such operation in seven months, aiming to lift overnight borrowing costs. The ...

The research shows that digital payment platforms, mobile wallets, micro-lending applications, and Unified Payments Interface services have become the primary entry points into formal finance for many ...