RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator ...
India's RBI to enhance liquidity next week to cover for tax outflows
The Reserve Bank of India will step up its liquidity infusion and inject over $16 billion next week into the banking system, ...
India's forex reserves rise for second consecutive week
In the week that ended on January 31, the forex kitty rose USD 1.05 billion to USD 630.607 billion, Reserve Bank of India data showed. Barring the latest two weeks, the country's forex reserves had ...