A committee set up by the Reserve Bank of India has released a report proposing a framework for the responsible and ethical ...

The Reserve Bank of India (RBI) has announced that persons resident outside India who hold special rupee vostro accounts for ...

India's central bank said on Tuesday foreign investors may invest the surplus balance in their so-called "vostro" accounts ...

Under the new system, each cheque will contain the ‘Item Expiry Time’ which indicates the latest time by which confirmation for the presented instrument needs to be provided by the drawee bank.

RBI unveils FREE-AI framework for responsible adoption of Artificial Intelligence in finance, balancing innovation with ...

Currently, CTS operates on a batch processing model, with a clearing cycle of up to T+1 days. Under the new framework, RBI will implement Continuous Clearing and Settlement on Realisation. This system ...

The RBI stated that cheques received by drawee banks between 10 am and 11 am must be confirmed, either positively or ...

In simple terms, foreign banks that hold rupees for trade can now invest those funds in Indian government bonds instead of ...

From October 4, 2025, the RBI will cut cheque clearance time from up to two days to just a few hours under a new Continuous ...

Skylan Joyner reached down to pick up a baby goat. “This is greatness,” he said as he petted it while in his arms.

Shares of One 97 Communications Ltd. surged to the highest level in over three years after its unit received approval from ...