The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, ...

A key change involves major amendments to the Master Direction - Know Your Customer (KYC) Direction, 2016. The Master Direction - KYC Direction, 2016, issued by the RBI, serves to regulate and ...

At the interbank foreign exchange, the rupee opened at 84.26 against the greenback, registering a rise of 5 paise over its previous close.

Traders expect the Reserve Bank of India to continue intervening to prevent sharp moves in the rupee, which is evident in the currency’s muted implied volatility compared to its regional peers.

If you're already a customer of a bank and have completed your KYC (identity verification), you don't need to go through the process again if you decide to open a new account ...

Financial markets are now pricing in nearly a 98% possibility of a quarter point reduction and near 70% odds of a ...

As Trump neared victory, Reserve Bank of India Governor Shaktikanta Das was upbeat, telling guests at an event in Mumbai that his country is “well placed” and “very resilient” to deal with election ...

Indian shares are set to open flat on Thursday, after logging gains in the previous session on Republican Donald Trump's win in the U.S. presidential race, while investors await Federal ...

Amid mixed opinion on whether the Reserve Bank of India was a bit too harsh by halting businesses of banks and non-banks to ensure that some undesirable practices are weeded out, veteran banker KV ...

Rs 78,213 crore. That’s the value of unclaimed deposits lying with banks across the country as of March 2024, as per the Reserve Bank of India’s (RBI) annual report for 2023-24. This humungous amount ...

A jeweller in Mumbai was tricked by a man posing as an RBI employee, who used fake payment receipts to steal gold worth ₹1 lakh.

Other indices trading in the red were NIfty Bank ... while markets in India also posted gains for the second day running.