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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI issues license to Bank of China for operations in India

The decision was based on the commitment made by Prime Minister Narendra Modi to the Chinese leadership.

4 July 2018 2:03 PM IST

For the past few days, the rupee continued to outshine the US dollar and ended at a nearly 3-month high of 67.22 yesterday.

Rupee to remain in 68-72 range against USD in short term, says UBS

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week.

3 July 2018 4:00 PM IST

According to the police, PMC bank officials gave loans to HDIL between 2008 and 2019 despite no repayment of the previous loans. (Photo: ANI)

PMC depositors hold agitation

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted...

30 Oct 2019 3:39 AM IST

Indias forex reserves have shot up considerably.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM IST

Finance Minister Nirmala Sitharaman

India jumps 14 places in ease of doing biz

India also ranked Number One in South Asia. India went up ahead by 23 and 30 places, respectively, in the past two...

25 Oct 2019 1:39 AM IST

Prime Minister Narendra Modi addresses the 74th session of the United Nations General Assembly in New York on Friday. (Photo: AP)

Economic slump: PM Modi set to meet top ministers today

India is currently a $2 trillion worth economy.

23 Oct 2019 2:25 AM IST

Reserve Bank of India (RBI)

RBI feels bank rates will drop after benchmarking

All the six members of the MPC had voted in favour of a rate cut.

19 Oct 2019 2:12 AM IST

Among the top 8 cities, Hyderabad residential real estate market has performed better in most fronts.

Real estate market sentiment decline to 2016 note ban levels

A score of over 50 signifies optimism' in sentiments, a score of 50 neutral' and a score below 50 pessimism'.

18 Oct 2019 2:22 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM IST

HDFC lowers lending rates by 10 bps to 8.25 per cent

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

14 Oct 2019 7:35 PM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Merger failure: Lakshmi Vilas Bank confident of raising capital

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

10 Oct 2019 5:24 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation increased in September but won't 'bring tears' to RBI:...

If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM IST