India’s foreign exchange reserves declined in this week by USD 613.9 million reaching USD 393.12 billion. This decline has been attributed to the fall in foreign currency assets as...
The Reserve Bank of India (RBI) in its monetary policy review has enhanced the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) to $250,000 (Rs....
The Reserve Bank of India (RBI) has announced sixth Bi-Monthly Monetary Policy Statement. In its bi-monthly monetary policy statement, RBI has not changed its main lending rate i.e.Repo...
The Reserve Bank of India (RBI) has constituted a high-powered panel on urban cooperative banks (UCB). It will be headed by RBI Deputy Governor R Gandhi and comprise...
Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank- Banco Central do Brasil...
Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect. It was announced ahead of...
Private sector Kotak Mahindra Bank has received its shareholders nod for merger of Bengalaru-headquartered ING Vysya Bank with itself. It was approved by the 99.30 per cent in...
Reserve Bank of India (RBI) has relaxed Know-Your-Customers (KYC) norms for Non-Banking Financial Companies (NBFCs). In this regard, RBI has amended the KYC norms in order to remove...
