The Latest Breaking News on Financial Services

In view of poor revenue receipts the government had to avail the financing options of the RBI to fund its spree of welfare programmes through most of March in the last fiscal

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

Consumers have growing power when it comes to encouraging companies to act ethically

Non-performing mortgage loans (NPLs) increased in the first quarter of this year due to rising interest rates, with the Bank of Thailand encouraging banks to help borrowers through debt restructuring.

Announcement comes as bank plans to shut 122 branches, including Prudhoe, Washington, Alnwick, Seahouses and Haltwhistle

The sudden decision by the Reserve Bank of India to withdraw the ₹2,000 notes in circulation has raised questions about the rationale

After the high-profile failures of Silicon Valley Bank and Signature Bank, Federal Reserve Bank of Minneapolis President Neel Kashkari argued requiring banks to have higher capital levels could be the best solution to addressing the underlying weakness in the banking system.

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

A PIL petition has been filed before the Delhi HC to not allow the exchange of ₹2,000 banknotes without requisition slip and identity proof.