Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...

The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reser...

Indian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...

Indian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...

The Reserve Bank of India has placed restrictions on Etawah-based Nagar Sahakari Bank. Customers can withdraw a maximum of Rs 10,000. The b...

India is considering reducing taxes on foreign investments in its bonds to attract long-term capital and stabilize the rupee. This move aim...

India is exploring emergency measures to protect its foreign exchange reserves. These steps may include limiting imports of gold and electr...

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...

The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank. This action follows persistent compliance issues. The b...

The RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...

In a release, the central bank said Paytm Payments Bank can no longer conduct banking business under the Banking Regulation Act.

The RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...

In a statement, RBI said the Lucknow-based co-operative bank will not, without its prior approval, grant or renew any loans and advances, o...

The RBI, however, added the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of...

The RBI stated that they have been in continued talks with all the stakeholders involved and pointed out that owing to the extent of the ne...

The case has been registered based on a complaint by the present CEO. The bank is in the middle of a crisis following huge non-performing a...

"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This is also a matter of time," Eco Affairs Secy ...