India s central bank on Friday released draft guidelines for a regulatory framework for the aggregation of loan products by lending service providers to enhance transparency and enable borrowers.
The Reserve Bank of India s increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on Kotak Mahindra Bank, India s fourth largest.
The Reserve Bank of India bought $8.56 billion on a net basis in the spot foreign
exchange market in February, data released on Tuesday as part of
the central bank s monthly bulletin showed. . -April 23, 2024 at 06:40 am EDT
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Extreme weather events along with prolonged geopolitical tensions could pose a risk to India s inflation trajectory, even as growth in the South Asian nation exhibits an uptrend, the Reserve Bank. -April 23, 2024 at 07:28 am EDT
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Japan s Mitsubishi UFJ Financial Group is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank s non-banking unit, Bloomberg News reported on Monday. .