This move will free up Rs 40,000 crore capital for banks translating into Rs 4 trillion additional loanable funds ...

India's sovereign gold bonds were considered a gold standard in investing. But the well-intentioned scheme has been causing ...

According to the RBI, microfinance loans considered as part of consumer credit will not be subject to these higher risk ...

The RBI has also put on hold its earlier proposals to increase the capital that banks must set aside for new project loans ...

The board also recommended the removal of directors Rashmi Saluja and Rakesh Asthaana from the boards of subsidiary companies ...

The apex bank’s rule comes after its decision to postpone proposals requiring banks to allocate more capital for new project ...

Muthoot Finance also shared the approval letter from the RBI on the exchanges. The central bank, while granting permission, ...

Cryptocurrency, once considered a speculative anomaly, has rapidly gained prominence as a transformative force in India’s ...

Feb 25 (Reuters) - The Reserve Bank of India has partially reversed tighter rules for bank loans to small borrowers and ...

The central bank clarified that microfinance loans which are not in the nature of consumer credit and fulfill certain ...

RBI directed Muthoot Finance to ensure adequate security arrangements and proper storage facilities for gold jewellery, ...

Finance and insurance corporation Muthoot Finance has received RBI approval to open 115 new branches, a stock exchange filing ...