RBI
Finance
Allahabad Bank reports $259 mn alleged fraud by Bhushan Power & Steel
India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker ......
Finance
Dewan Housing Finance says facing substantial stress, may not survive
One of India’s biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation ......
Economy
Govt considers granting RBI more powers to regulate NBFCs
The Indian government is considering giving more powers to the central bank to regulate the struggling shadow banking sector, Finance ......
Finance
RBI expects banks' bad loans to decline by March 2020
India’s central bank on Thursday said the proportion of commercial lenders’ non-performing assets (NPAs) may fall slightly to 9% by ......
Finance
RBI says foreign firms can process transactions abroad, but must store data in India
Foreign payment firms such as Mastercard and Visa can process transactions made in India outside of the country but the ......
Finance
RBI panel suggests floating $720 mn stressed asset fund for small businesses
A Reserve Bank of India (RBI) committee has suggested a Rs 5,000 crore (about $720 million at current exchange rate) ......
Finance
RBI deputy governor Viral Acharya resigns six months before term ends
Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, ......
TMT
US says has no plans to cap H-1B work visa programme
The Trump administration has no plans to cap H-1B work visas for nations that force foreign companies to store data ......
TMT
US considers H-1B visa caps to deter India data storage rules
The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies ......
TMT
RBI to review data storage rules that irked Visa, Mastercard
India will examine concerns raised by foreign technology companies around stringent rules to store data locally, the government said on ......
