The Reserve Bank of India has directed banks, non-banking financial companies and other regulated entities to follow five amendments to the UN Security Council’s Taliban sanctions list. The circular, dated July 31,…
India’s industrial output grew 7.3% year-on-year in June, its highest rate in six months, led by manufacturing and electricity, provisional data from the Ministry of Statistics and Programme Implementation showed. Manufacturing expanded…
RBI Governor Sanjay Malhotra said large banks and regulated entities have strong IT systems, days after a reported cyber breach at Bank of Baroda. Mint reports that about 1 terabyte of customer…
The Reserve Bank of India has placed Tata Sons among 17 upper-layer non-banking finance companies for 2026-27, according to Bloomberg as reported by Business Today. The list also includes REC, Power Finance…
The Reserve Bank of India has retained Tata Sons in its upper-layer list of non-banking finance companies for FY27, identifying it as a core investment company. Tata Sons has standalone assets of…
The rupee rose 13 paise to close at 95.15 against the US dollar on Wednesday, after the Reserve Bank of India held its repo rate at 5.25% for a third straight policy…
Reserve Bank of India (RBI) Deputy Governor Rohit Jain said on Wednesday that both Central Bank Digital Currency (CBDC) and Unified Lending Interface (ULI) are being used for actual transactions, not just…
The Sensex rose 373.76 points, or 0.48%, to 78,954.76 on Thursday, while the Nifty gained 11.35 points, or 0.05%, to 24,636. Reliance Industries and ICICI Bank supported the Sensex, while investors booked…
The Reserve Bank of India has proposed barring non-banking financial companies from offering revolving credit, allowing only term-loan products under draft amendments to its Credit Facilities Directions. The proposal would affect flexi…
The Reserve Bank of India (RBI) has extended its directions under the Banking Regulation Act, 1949, for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, and Urban Co-operative Bank Limited, Dehradun, by three…
