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RBI gives nod to Burman family for raising stake in Religare

Finance

10 December, 2024

RBI gives nod to Burman family for raising stake in Religare

The Reserve Bank of India (RBI) approved billionaire Burman family's plan to buy more shares in financial services provider Religare ......

RBI holds interest rates steady yet again, cuts banks' cash reserve ratio

Economy

06 December, 2024

RBI holds interest rates steady yet again, cuts banks' cash reserve ratio

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that ......

RBI removes ban on Sachin Bansal's Navi from sanctioning, disbursing new loans

Finance

02 December, 2024

RBI removes ban on Sachin Bansal's Navi from sanctioning, disbursing new loans

India's central bank said on Monday it has removed restrictions it had imposed on non-banking finance company (NBFC) Navi Finserv ......

Rupee sees worst month since March as dollar rises

Economy

29 November, 2024

Rupee sees worst month since March as dollar rises

The Indian rupee ended November with its worst monthly performance in eight, as Donald Trump's victory in the U.S. election ......

RBI issues operational framework for reclassification of FPI to FDI

Finance

11 November, 2024

RBI issues operational framework for reclassification of FPI to FDI

India's central bank on Monday released an operational framework for reclassifying equity investments made by foreign portfolio investors (FPI) that ......

Rupee ends at fresh record low but fares better than regional peers

Economy

23 October, 2024

Rupee ends at fresh record low but fares better than regional peers

The Indian rupee slipped to its weakest closing level on record on Wednesday pressured by a buoyant dollar but the ......

Sachin Bansal's Navi withdraws bond sale days after RBI action

Finance

21 October, 2024

Sachin Bansal's Navi withdraws bond sale days after RBI action

Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country's ......

Rupee ends at fresh record low amid fresh equity outflows

Economy

18 October, 2024

Rupee ends at fresh record low amid fresh equity outflows

The Indian rupee hit its all-time low on Friday pressured by equity outflows but managed to avert a sharp fall ......

RBI bars Sachin Bansal's Navi, PE-backed Arohan, DMI Finance from issuing loans

Finance

17 October, 2024

RBI bars Sachin Bansal's Navi, PE-backed Arohan, DMI Finance from issuing loans

The Reserve Bank of India said Thursday it has barred four non-banking finance companies (NBFCs) from sanctioning and disbursing loans ......

RBI holds rates as expected, shifts stance to 'neutral'

Economy

09 October, 2024

RBI holds rates as expected, shifts stance to 'neutral'

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday as widely expected, but changed its ......