Reserve Bank of India
Finance
Government seeks to tap foreign lenders for loans to small firms
India’s government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of ......
Finance
Punjab & Sind Bank reports fraud in Bhushan Power account
India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 million) fraud to ......
Finance
Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......
Finance
Budget 2019: RBI to get more powers; NBFCs receive a lifeline
The government will give greater power to the central bank to regulate mortgage lenders and non-banking financial companies, as it ......
Finance
RBI may soon get power to regulate housing finance companies
The Indian government will soon give the nation's central bank power to regulate housing finance companies (HFCs), which will almost ......
General
India's services activity contracts in June for first time in a year
India’s dominant services activity contracted for the first time in more than a year in June, dragged down by slowing ......
Finance
Budget 2019: Will govt look beyond recapitalisation to overhaul state-run banks?
As finance minister Nirmala Sitharaman gives final touches to her first budget speech later this week, she’d be doing so ......
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 ......
