RBI rejects Annapurna Finance's universal bank license application, while other lenders seek conversion to bigger licenses.

According to the guidelines, lenders shall not grant any advance or loan against primary gold or silver or financial assets ...

Experts have suggested that the RBI should introduce systems like tokenisation for fixed deposits, which would ensure that ...

Hence, if a bank had earlier routed BDDR through reserves, no deduction would be allowed under income tax. Now, with RBI mandating P&L routing, co-operative banks can rightfully claim tax deduction, ...

RBI acknowledges that government ownership of public sector banks (PSBs) reduces its risk management burden, justifying lower ...

The RBI has also said that a maximum loan-to-value ratio of 75% will be applied for gold loans above Rs 5 lakh and 80% for ...

The Reserve Bank of India (RBI) Monday reported a significant decline in the circulation of ₹2,000-denomination banknotes, ...

The Reserve Bank of India will keep its key interest rate on hold at 5.50% until at least the end of this fiscal year after ...

To simplify the Know Your Customer (KYC) update process for millions of banking customers, the Reserve Bank of India (RBI) ...

Two times the Camanche Storm trailed 7-0 before the bottom of the third inning and two times the Storm rallied for a pair of ...

No. 2 Jamestown earned a 1-0 victory over No. 4 Smithfield to win the boys soccer Class 4 Region A championship.

The Reserve Bank of India (RBI) has rejected the universal banking licence application filed by Annapurna Finance, one of the country’s leading non-banking finance company-microfinance institutions ...