The Reserve Bank of India (RBI) has proposed the opening of Islamic window in conventional banks for gradual introduction of Sharia-compliant or interest-free banking in the country. In...
Ujjivan Small Finance Bank Ltd, a subsidiary of Ujjivan Financial Services Ltd has received the final licence from Reserve Bank of India (RBI) to commence its banking operations....
The Reserve Bank of India (RBI) has formed Special Task Force to speed up the process of recalibration of automated teller machines (ATM) to dispense the new denomination...
India’s first banking robot named Lakshmi was launched by the Kumbakonam-based City Union Bank (CUB) in Chennai, Tamil Nadu. Lakshmi will be first on-site huamanoid (robot) in India....
The Reserve Bank of India (RBI) has issued the Clarifications on hedging for External Commercial Borrowings (ECB) in a bid to effectively address currency risk at the systemic...
The Reserve Bank of India (RBI) has issued new series of notes for 500 rupees and 2,000 rupees denomination with improved features and newer sizes. These new series...
The Union Government has announced that Rs. 500, Rs. 1,000 notes will cease to be legal tender. It was announced by Prime Minister Narendra Modi in a surprise...
The Reserve Bank of India (RBI) has appointed M Rajeshwar Rao as Executive Director (ED) following voluntary retirement of G Mahalingam. In his new role, Mr. Rao will...
