Banks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...

India is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...

The Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...

The Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...

Suzlon Energy shares 5% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting ...

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

The Securities and Exchange Board of India has fined Suzlon Energy and its top executives ₹29 crore. This action follows allegations of mis...

SEBI has fined Suzlon Energy Rs 29 crore and several former executives for misrepresenting financial statements, inflating profits via circ...

The Enforcement Directorate has filed charges against Sachin Dev Duggal, a British citizen, in a major bank loan fraud case involving the V...

BOI has recovered Rs 3,000 crore in the last month by invoking standby letter of credit.

CBI spokesperson R K Gaur said the agency had received complaints against both the companies from each of the three banks hence six separat...

There are times when a customer may not directly want loan, but a letter of comfort is sufficient to clinch a deal.

The Reserve Bank today said external commercial borrowings (ECBs) extended to financially distressed companies will fall under restructurin...

Standard Chartered, that lent money to Winsome Diamonds against L/Cs provided by Indian banks, has taken possession of the erring firm’s im...

The lender issues an SBLOC on behalf of the company, promising to pay another bank if the company fails to pay up.

The core group includes PNB, Bank of India, Central Bank of India and Canara Bank, according to a bank official.

The Reserve Bank gave approval to the banks to issue guarantee through standby letters of credit to cover payment obligations arising out o...