After independence, under the first 5-year plan’s push for rural development, the government nationalised the Imperial Bank.

Central Bank of India acquires equity stake of 24.91% of Future Generali India Insurance Company Limited, the bank informed in an exchange filing on Thursday, June 5, 2025.

Subsequently, the bank received approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI).

The Reserve Bank of India’s annual report for 2024–25 highlights a chronic and worsening vulnerability in the country’s financial system: bank frauds.

With a price band of Rs 700 to Rs 740 per share, the three-day issue includes a Rs 2,500 crore fresh issue and a Rs 10,000 ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter. The Reserve Bank of India did not ...

This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits. Sign up here.

Explore HDB Financial's Rs 12,500 crore IPO backed by HDFC Bank, now SEBI-approved. Discover more about this much-anticipated ...

RBI MPC Meeting Highlights: RBI governor Sanjay Malhotra-led Monetary Policy Committee (MPC) announced a 50 basis points cut in repo rate today to 5.

Monday, June 5, 2023: 08:00 – 09:00. Registration and Breakfast. 09:00 – 09:15 . Opening Remarks Indermit S. Gill (Senior Vice President of Development Economics and Chief Economist of the World Bank ...