The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. Read More
IDFC FIRST Bank announced a pledge to contribute to social causes on behalf of every participant completing the 10K run in one hour at TCS World 10K Bengaluru. ...
Public sector lender Bank of Baroda on Monday said it has lowered the interest rate on car loans by 0.25 per cent to 7 per cent per annum and reduced processing charge for a limited period till June 30 in order to boost lending in car loan segment. ...
The Central Bureau of Investigation is conducting raids on the premises of builders Avinash Bhonsle, Vinod Goenka, and Shahid Balwa in Pune and Mumbai on Saturday in connection with a cheating case related to the Yes Bank and Dewan Housing Finance Li ...
Countering Yes Bank promoter Rana Kapoor's allegation against the senior party leader, Congress Party on Sunday accused Bharatiya Janata Party (BJP) of keeping the pot boiling without any basis. ...