News

RBI's T Rabi Sankar appointed part-time member of 16th Finance Commission
The appointment of T Rabi Sankar is consequent to the resignation of one of the full-time Members of the XVIFC, Ajay Narayan ...
Lone Analyst Who Predicted Deep India Rate Cut Expects One More
The lone economist who predicted the Reserve Bank of India’s out-sized interest rate cut on Friday expects another smaller ...
India's central bank rejects Annapurna Finance's universal banking license application
The Reserve Bank of India said on Friday it has declined the application of Annapurna Finance for setting-up a universal bank ...
Bank holiday today on Bakrid: Are banks open or closed on June 7 for Eid al-Adha? Check region-wise list
Banks will observe a holiday on June 7, 2025, for Bakrid in various regions of India. Customers should verify local holiday ...
Exclusive-Walmart’s Flipkart Secures Approval for Direct Lending in India, Documents Show
(Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it ...
Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yet
The Reserve Bank of India has reiterated its concerns regarding cryptocurrencies, emphasizing their potential to destabilize ...
Analysis-India considers easing bank ownership rules as foreign interest grows
The Indian banking regulator is signalling possible rule changes ahead that would let foreigners own more of India's banks, ...
India long duration bonds rise on bets of dovish RBI policy
Indian government bonds saw an increase early Thursday. This rise was led by longer-duration papers. Traders were adding ...