What was India’s retail inflation rate in January 2025?

The Reserve Bank of India (RBI) has approved the re-appointment of R Subramaniakumar as the Managing Director & CEO of RBL Bank for another three years. As per the RBI's letter dated February 13, 2025, Subramaniakumar will continue in his role from June 23…

The Reserve Bank of India (RBI) has penalized Nainital Bank, Ujjivan Small Finance Bank, and Shriram Finance with fines totaling ₹68.1 lakh for non-compliance with various banking regulations.

The Reserve Bank of India (RBI) has approved the appointment of corporate banking veteran and former JP Morgan India CEO, Prabdev (PD) Singh, as the new Chief Executive Officer (CEO) of Standard Chartered (StanC) India and South Asia, according to sources…

In a recent development, Karnataka Bank has approached the Reserve Bank of India (RBI) to reverse a suspicious cross-border UPI transaction worth ₹18.87 crore.

Public sector lender Indian Overseas Bank (IOB) has unveiled two key digital banking initiatives—Aadhaar-OTP based account opening and API banking services—to mark its 89th Foundation Day celebrations, a top official announced on Tuesday. These initiatives…

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The Reserve Bank of India (RBI) has introduced a new mobile application, RBIDATA, aimed at providing seamless access to macroeconomic and financial statistics related to the Indian economy. The app is designed to enhance user experience by offering data in…

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State-owned Bank of Maharashtra (BoM) has reduced interest rates on retail loans, including home loans and car loans, by 25 basis points (bps). This move follows the Reserve Bank of India (RBI)'s decision to lower the repo rate by the same margin after a…

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Who has been appointed as the Principal Secretary to the Prime Minister of India as of February 22, 2025?

Assam has drawn investment proposals exceeding ₹2,50,000 crore on the first day of the Advantage Assam 2.0 Investment and Infrastructure Summit 2025.

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In a significant move to address the prevailing liquidity deficit in the banking system, the Reserve Bank of India (RBI) has announced a $10 billion three-year dollar/rupee swap auction scheduled for February 28, 2025. This measure is aimed at injecting durable…

The Finance Ministry on Tuesday announced that the total amount under operative Kisan Credit Card (KCC) accounts has surpassed ₹10 trillion, benefiting approximately 77.2 million farmers as of December 31, 2024.

The Reserve Bank of India (RBI) has imposed monetary penalties on The Hongkong and Shanghai Banking Corporation Limited (HSBC) and IIFL Samasta Finance Limited for non-compliance with certain regulatory norms. HSBC has been penalized ₹66.

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