The Reserve Bank of India is expanding digital rupee pilots with new offline and programmable features, as digital payments ...

Since 1947, India has provided a slew of assistance to bankrupt Pakistan. The Reserve Bank of India even printed currency notes for its neighboring country between August 1947 and September 1948.

India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend ...

The Reserve Bank of India's board approved the transfer of 2.69 trillion rupees ($31.53 billion) as surplus to the federal ...

The Reserve Bank of India has proposed relaxing norms for investments in alternate investment firms by regulated entities (REs) in the aftermath of its earlier tightening bringing in financial ...

The Reserve Bank of India significantly reduced its gold repatriation in the second half of fiscal year 2025, bringing home only 1.53 tonnes compared to 102.15 tonnes in the previous six months.

Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world ...

The bank says the country’s economy seems to be withstanding the risks posed by high trade and tariff-related uncertainty.

The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of ...

Investopedia / Michela Buttignol The Reserve Bank of India (RBI) is the central bank of India, originally established as a private entity in 1935, then nationalized in 1949. What Is the Reserve ...

Currently, State Bank of India (SBI) and other lenders hold 33% in Yes Bank. Also Read | Sumitomo gets RBI nod to pick 51% in Yes Bank “RBI has given SMBC the go-ahead for acquiring a majority ...

Following a deterioration in Yes Bank’s financial position, the Reserve Bank of India (RBI) superseded the board in March 2020. Soon after, a clutch of banks led by SBI rescued Yes Bank.