India's central bank has sought the government's approval to remove the cap on foreign banks with so-called vostro accounts ...

The Reserve Bank of India likely stepped in, via state-run banks, to buy dollars on Friday, five traders said, as the rupee ...

India's central bank deputy governor Poonam Gupta has been assigned the monetary policy, financial market operations and ...

Banks in India typically remain closed on the second and fourth Saturdays of each month, in addition to all Sundays. Moreover, regional closures are observed depending on state-specific festivals ...

India’s exports rose 6.01% year-on-year to an all-time high of $824.9 billion in 2024-25, propelled by a 13.6% on-year rise ...

The Reserve Bank of India's plan to buy 1.25 trillion rupees ($14.66 billion) of bonds in May will likely lower the cost of ...

The Reserve Bank of India (RBI) has levied penalties on ICICI Bank, Bank of Baroda, IDBI Bank, and Bank of Maharashtra for ...

The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 ...

The Reserve Bank of India has directed banks to ensure ATMs dispense Rs 100 or Rs 200 notes to improve public access. By ...

The Reserve Bank of India (RBI) has issued final guidelines under the Basel III Liquidity Coverage Ratio (LCR) framework, ...

In all cases, the RBI said the penalties are based on deficiencies in regulatory compliance and not intended to pronounce ...

For March 2025, services exports stood at $35.6 billion, reflecting a year-on-year growth of 18.6 percent compared to $30.0 ...