The Reserve Bank of India (RBI), in a statement said a penalty of Rs 61.4 lakh has been imposed on Kotak Mahindra Bank for ...

RBI fines IDFC First Bank ₹38.60 lakh for non-compliance with KYC norms under the Banking Regulation Act, 1949. Read full ...

The Reserve Bank of India is intensifying scrutiny of NBFCs' partnerships with fintech loan service providers (LSPs). RBI ...

So far in CY2025, the RBI has cut the policy rate by 50 bps. Also, the stance of the monetary policy has been changed to accommodative from neutral. This is likely to impact bank depositors.

Government securities (G-Secs) are bonds issued by the central or state governments to raise money from the public. According ...

In its April monetary policy, the RBI cut the repo rate by 25 basis points—the second reduction in a row—to stimulate ...

The Nifty 50 index closed 1.77% higher on Thursday, up 414.45 points at 23,851.65. Sensex closed 1.96% up at 78,553.2. Since ...

Bank holiday observances often vary by region, based on local festivals, state-specific events, or government declarations. Customers are advised to check with their respective banks ...

The festival of Good Friday is an important festival for the Christian community. This day is remembered as the day of the ...

The downward revision of India’s growth rate is by a smaller measure, when compared to the revisions in the case of the US ...

“While trade and tariff issues are, of course, a significant source of concern and tension, the domestic economy remains ...

The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code ...