Eight of the ten largest Indian asset managers have either relocated or are planning to relocate to GIFT City.
February 15, 2024The penalty against ICICI Bank was more than all the combined penalties imposed by the RBI on private banks for fiscal year 2023.
October 18, 2023The RBI will also commence testing of a retail CBDC "within a month" in select locations in "closed user groups comprising customers and merchants".
November 1, 2022Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.
August 31, 2022Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.
June 22, 2021The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.
May 17, 2021An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
March 6, 2021The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.
June 15, 2020Franklin Templeton will be allowed to list units of its six shuttered mutual funds on stock exchanges, providing an alternate exit route to investors whose money is trapped.
May 21, 2020