Reserve Bank of India
Finance
RBI imposes moratorium on Yes Bank, supersedes board; SBI may invest
The Reserve Bank of India on Thursday imposed a moratorium on Yes Bank and superseded its board after the private-sector ......
Finance
Govt pushes state banks to boost lending as coronavirus fears grow
India is pushing state-run banks to approve new loans amounting to 500-600 billion rupees ($6.8-8.2 billion) by the end of ......
TMT
Supreme Court strikes down RBI banking ban on cryptocurrency
India's Supreme Court ruled on Wednesday to allow banks to handle cryptocurrency transactions from exchanges and traders,...
Finance
IndusInd Bank picks insider as new CEO to take over from Sobti
Private-sector lender IndusInd Bank Ltd announced the appointment of Sumant Kathpalia as its managing director and chief executive...
Finance
RBI lifts curbs on GIC-backed Bandhan Bank to open branches, but adds riders
The Reserve Bank of India has lifted restrictions on Bandhan Bank, allowing it to open new branches without prior permission,...
Economy
GDP likely grew 4.7% in Oct-Dec quarter: Poll
Indian economic growth likely accelerated a touch in the October-December period after its weakest expansion in over six years...
Manufacturing
Steelmaker becomes first distressed firm to recast debt under same management
A Chhattisgarh-based iron and steel products maker has become the first distressed company to restructure its debt under the same...
Finance
RBI's three-year repo auction sees hefty demand
The Reserve Bank of India (RBI)'s first-ever long-term repo operation (LTRO) saw massive demand on Monday with banks bidding...
Economy
Retail inflation quickens in January; industrial output shrinks in December
India’s retail inflation accelerated to 7.59% in January, government data showed on Wednesday. January inflation was...
Finance
RBI publishes draft framework for new payment system
The Reserve Bank of India (RBI) on Monday published a draft framework for authorisation of a new pan-India umbrella organization...
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