It is time banks implemented Ind AS standards. These have norms for accounting, disclosure of derivative transactions ...

RBI did not consult NBFC-P2P platforms before issuing circular, leading to industry disruptions and penalties on lending ...

RBI's guidelines on ‘reset of floating interest rate on EMI based personal loans’ mention that banks must disclose annualised ...

The Reserve Bank of India (RBI) has taken a conservative but pragmatic stance on digital money. But what exactly is RBI's ...

The move is expected to streamline trade settlements and reduce dependency on third-party currencies. The circular, issued under Sections 10 (4) and 11 (1) of the Foreign Exchange Management Act (FEMA ...

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On the basis of the internal auditors' report, the supervisory teams at RBI may take punitive action against non-compliant lenders.

Shares of non-banking financial companies (NBFCs) rallied in early trade on Thursday after the Reserve Bank of India (RBI) announced a relaxation in risk weights on bank lending to the sector.

Its forex positions were naked and not hedged, leading to losses. Also, the bank failed to apply mark-to-market accounting.

After the discrepancies were revealed, IndusInd Bank's stock fell over 27%. Chairman Ashok Hinduja assured investors that he ...

Reserve Bank of India (RBI) allows trade transactions between India and Maldives to be settled in Indian Rupee (INR) and ...

RBI’s one-year extension of Kathpalia’s appointment raised eyebrows. Some say it was a strategic move by the RBI to ensure ...