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Reserve Bank of India (RBI) - Latest news, stories and discussions from the press

Reserve Bank of India - Latest news

Biggest mobile-phone plant masks PM Modi's ‘Make in India’ struggle

Data from the World Bank and the Reserve Bank of India show manufacturing hasn’t received a significant boost since Modi took office in 2014.

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Banking sector preview: The sector will take some more time to revive

After a tough FY18, the beginning of the financial year 2018-19 (FY19) was expected to be a better one for the banking industry. However, with the Reserve Bank of India (RBI) starting to tighten po...

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Jana Small Finance Bank to launch 2-wheeler loan products next year

Jana Small Finance Bank, the newly launched entity in the small finance banking space, is planning to enter into consumer durables and two-wheeler loan segments next year after starting operations ...

15 hours
RBI approves appointment of Girish Chandra Chaturvedi as ICICI Bank non-executive chairman

New Delhi: ICICI Bank on Tuesday said RBI has approved the appointment of Girish Chandra Chaturvedi as non-executive (part-time) Chairman of the bank till 30 June, 2021. The private lender had appo...

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Government charts plan to stop loan defaulters from taking flight

Headed by financial services secy Rajiv Kumar, the committee has representation from the RBI, the ministries of home and external affairs, the ED and the CBI.

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IDBI Bank board seeks government approval for majority stake sale of 51% to LIC

Mumbai: IDBI Bank board on Tuesday decided to seek government permission to go ahead with LIC's proposal to increase the stake in the nearly crippled bank to 51 percent. The LIC board gave its appr...

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The Reserve Bank of India (RBI) is India's central banking institution, which formulates the monetary policy with regard to the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.