The Rajgurunagar Sahakari Bank Limited, situated in Pune, was fined Rs 4 lakh by the Reserve Bank of India (RBI) on Monday for failing to follow its instructions regarding interest rates and...
An appeal has been filed against a ruling in the Karnataka High Court that the bank cannot adjust the gratuity amount payable to a bank employee with the outstanding balance of the...
Did you know that there are 32 million NRIs and PIOs (including OCIs) that live abroad? Not only this, it is the world’s largest population of emigrants that live and also solemnize...
On November 3, the Reserve Bank called a special meeting of the Monetary Policy Committee to discuss its failure to keep retail inflation below 6% for three consecutive quarters.
The country's central bank...
While it waits for approval from the nation's central bank for local incorporation, DBS, Southeast Asia's largest bank, is subtly revising its India strategy to shift focus from retail banking to being...
According to a release from the Ministry of Communications on Wednesday, the Reserve Bank Innovation Hub (RBIH) and India Post Payments Bank (IPPB) have joined forces to expand the reach of financial...
A stock market crash is a severe and sudden drop in overall stock prices usually caused within a day. The market crashes are natural or can be man-made disasters, economic reasons, investor...
Despite the Indian economy being expected to grow by 7% this year, according to Union Finance Minister Nirmala Sitharaman, India is nonetheless concerned about the geopolitical situation and the prospects for the...
In a case involving the purchase and sale of shares by Axis Bank and its group companies, the regulator Irdai has imposed a penalty of Rs 3 crore on Max Life Insurance...
