Mumbai: In a major move to help borrowers, the Reserve Bank has issued draft guidelines that seek to end foreclosure charges ...

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

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 ...

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

A central bank’s role is not just to anchor stability, but to sense the undercurrents of an economy and steer it towards ...

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

The central bank has restored the risk weights on bank loans to NBFCs to the levels before they were hiked in November 2023.

The restoration of lower risk weights for better non-bank lenders, "will improve the credit flow from banks to NBFCs, while ...

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, ...

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