As India pushes toward the $5 trillion economic milestone, Union Finance Minister Nirmala Sitharaman has said that the ...

Sanjay Malhotra, Governor of the Reserve Bank of India, reassured the public that India's banking system continues to be "safe and secure." He emphasized that the recent accounting lapses at IndusInd ...

It may be robust but the Indian banking system is anything but fast. Even checks paid within Mumbai (Bombay), the financial capital, take two days to clear. In other locations clearing can take up to ...

India’s central bank announced plans to withdraw excess liquidity from the banking system, a move likely aimed at stemming the recent slide in overnight borrowing costs. The Reserve Bank of India said ...

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MUMBAI, March 6 (Reuters) - Indian central bank's latest bond purchase and FX swaps underscore its intention to keep banking system liquidity in a surplus, which should help banks to pass on policy ...