reserve bank of india

Giving reasons for cancellation of the licence, RBI said it does not have adequate capital and earning prospects. With the licence cancelled, the bank has been prohibited from conducting regular business, which includes acceptance and…

Representational image only. | Photo Credit: The Hindu The Rupee depreciated 12 paise to 82.05 against the U.S. dollar in early trade on July 21 as a negative trend in domestic equities and firm crude oil prices weighed on investor…

After Singapore, UAE, Nepal, Bhutan and France, Sri Lanka is the new country to adopt India’s Unified Payments Interface (UPI) payment service. Prime Minister Narendra Modi and Sri Lanka President Ranil Wickremesinghehave signed an…

Last Updated: July 21, 2023, 17:58 ISTA Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. (Reuters File Photo)MEA announces 22 countries opening special rupee vostro accounts in Indian…

MUMBAI: India's forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said on Friday.In the…

PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank of India (RBI) on Wednesday said it has cancelled the licence of Uttar Pradesh-based United India Co-operative Bank Limited, citing lack of adequate capital and earning…

Representational image only. | Photo Credit: The Hindu The Rupee depreciated eight paise to 82.12 against the U.S. dollar in early trade on July 19 tracking the strength of the American currency in the overseas markets.Traders said…

GANDHINAGAR: The recommendations of the Financial Stability Board (FSB) on crypto assets, released on Monday, have not dealt with several areas crucial to regulate the instrument, a top Indian official said after the agency set up by the…

Gandhinagar: India on Sunday pitched for further strengthening the global architecture to tackle financial crimes, money laundering, and tax evasion in a more synchronised and effective manner."We hope that the G20 continues exploring the…

MUMBAI: The Reserve Bank of India and the Central Bankof UAE have signed two memoranda of understanding promoting the use of local currencies and domestic payment systems across borders.The Reserve Bank of India governor, Shaktikanta Das,…