India needs to be cautious towards stablecoins, as they pose significant macroeconomic risk while serving no purpose that fiat money cannot, the Reserve Bank of India Deputy Governor, T. Rabi Sankar,

Based Lending Rate (RBLR) by 25 basis points to 8.1%, following the RBI’s decision to cut the benchmark repo rate on Friday. The new rates came into effect from December 5, the state-owned lender said in a stock exchange filing.

India’s unexpectedly strong economic growth last quarter has reduced chances of an interest rate cut at this week’s central bank’s policy meeting despite record-low inflation.

THIS bank holds the title for ‘Best Bank in India’. It was founded on July 20, 1908 by Sir Maharaja Sayajirao Gaekwad III.

RBI approves Vikram Sahu as the new CEO of Bank of America India for a 3-year term, marking a major leadership transition and strengthening the bank’s India strategy.

Monetary policy helps shape a country"s economic landscape by influencing key factors such as inflation, economic growth, and employment. Through tools like interest rate adjustments and money supply control, the Reserve Bank of India seeks to maintain ...

Reserve Bank of India (RBI) is the central bank of the country. RBI is a statutory body. It is responsible for the printing of currency notes and managing the supply of money in the Indian economy. Initially, the ownership of almost all the share capital ...

Bank of America has secured RBI approval to appoint Vikram Sahu as India CEO, with former chief Kaku Nakhate moving to the role of India chair as part of a leadership reshuffle.