RBI clarified that the penalty was imposed for compliance deficiencies and did not impact the validity of the bank’s ...

The Reserve Bank of India penalized Citibank N.A. Rs 36.28 lakh for violations under the Liberalised Remittance Scheme and ...

RBI's Central Board assesses global and domestic economic landscape, discusses activities, and approves budget amidst ...

Banking services in India are set to be affected as a workers’ union calls for a strike next week. The operations of public, ...

The Nifty 50 and Sensex indices rung in their strongest weekly performance since February 2021 this week. But the Nifty ...

A call urging customers to move all their money in other banks into ICICI accounts; allegations of illegal termination by ...

AdvaRisk empowers financial institutions with end-to-end collateral management using GenAI-powered data intelligence, ...

As per the Reserve Bank of India’s latest survey of remittances, advanced economies have replaced the Gulf nations as India’s ...

The penalty on IDBI Bank was imposed for failing to undertake due diligence while processing inward remittances from a foreign currency account.

The central board of the Reserve Bank of India (RBI) reviewed the global and domestic economic landscape and approved the ...

The Reserve Bank of India has asked IndusInd Bank CEO Sumant Kathpalia and his deputy to step down after significant ...

The recent growth in reserves follows a period of decline due to forex market interventions and revaluation effects aimed at ...