India's IndusInd Bank chiefs urged to step down, sources say; bank denies report
The Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses ...
Attention! Banks to remain open only 5 days a week from April? Government makes big announcement
A recent media report has sparked discussions about banks across India switching to a five-day workweek starting in April ...
IndusInd Bank may see a new CEO by October: Report
IndusInd Bank may see a new CEO, replacing Sumant Kathpalia, in six months and once the potential names are submitted with ...
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RBI Enforces Penalties on Citibank and IDBI Bank for Regulatory Lapses
The Reserve Bank of India penalized Citibank N.A. Rs 36.28 lakh for violations under the Liberalised Remittance Scheme and ...
Indian rupee rally, lower hedging costs to spur corporate interest in central bank's FX swap
The Indian rupee's recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of ...
How US has become India’s biggest source of remittances
As per the Reserve Bank of India’s latest survey of remittances, advanced economies have replaced the Gulf nations as India’s ...
Bank strike: Banking services likely to be hit on THESE days next week — all you need to know
Banking services in India are set to be affected as workers’ unions call for a strike next week. The operations of public, ...
Outward remittances under Reserve Bank of India's LRS drop 8.6% in Apr-Jan
In the April-January period of FY25, the largest segment - international travel segment slipped marginally to $14.75 billion, ...
Up To Rs 36,30,000 Penalty: Why RBI Penalised IDBI Bank, Citibank? Find Out!
While IDBI Bank was penalised due to violation of Foreign Currency Account guidelines, Citibank faced a penalty for ...
India central bank likely 'passively' mopping dollar inflows, traders say
The Reserve Bank of India has likely been "opportunistically" absorbing dollar inflows over the past few sessions, probably to replenish the forex reserves expended on supporting the rupee over the ...
Reserve Bank of India appoints Indranil Bhattacharyya as Executive Director
The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025, ...
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Digital transformation award: Reserve Bank of India
With the Pravaah and Sarthi systems, the RBI’s in-house developers have transformed the bank’s internal and external ...