These amendments, issued under Section 47 of the Foreign Exchange Management Act, 1999 (FEMA), take effect from the date of publication in the Official Gazette. The changes aim to streamline ...

SC allows Gaekwad an extension to deposit ₹600 crore into a bank account to prove the bona fides of his ₹5,000 crore ...

It usually takes some time for customers to see these benefits of RBI rate cuts, although a few loans that are directly ...

In the last 10 years, larger states have added more than 10 percentage points to their respective debt-to-state-GDP ratios.

Wall Street traders sent bond yields soaring after hot inflation data spurred bets the Federal Reserve won’t have much room ...

Mumbai: The Reserve Bank of India (RBI) on Wednesday lifted the restrictions on Kotak Mahindra Bank, allowing it to issue new ...

After more than nine months of imposing severe business restrictions on Kotak Mahindra Bank because of concerns on the technology front, the Reserve Bank of India (RBI) on Wednesday announced lifting ...

Government acknowledges the challenges faced by first-time borrowers and informal sector workers in accessing credit due to limited or non-existent CIBIL scores. Credit Information Reports (CIRs) and ...

While acknowledging concerns about treating all states equally in borrowing costs and potential financial contagion risks, ...

The card earns bonus points for travel and dining-related spending, which can be redeemed for more value through Chase. It piles on the perks, too, but they come at a price. With a big sign-up ...

The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions ...