MUMBAI: Bombay HC stayed Canara Bank's fraud classification of Anil Ambani's RCom loan, citing lack of borrower hearing as per RBI guidelines.

During holidays, certain transactions, such as those involving cheques and promissory notes under the Negotiable Instruments Act, will be unavailable.

In a nutshell, the policy announcements are nuanced, flexible, and gives a clear communication for the future — reemphasising ...

The Reserve Bank of India cut the repo rate by 25 basis points to 6.25%, marking its first reduction in nearly five years.

Home, auto and other loans are likely to see a drop in interest rates after the Reserve Bank of India under a new Governor cut the key benchmark rate on Friday for the first time in almost five years ...

The Monetary Policy Committee (MPC) unanimously decided to slash policy rate by 25 basis points to 6.25 per cent.

Karnataka Minister H K Patil said on Friday that if illegal loan recovery or charging of interest is considered a “fundamental right” under the Constitution, it would severely undermine constitutional ...

In exercise of the powers conferred by section 295 read with clause (47) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules ...

The Reserve Bank of India (RBI) has reduced the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points, bringing it down from 6.50% to 6.25%, effective immediately. This ...

“The rate cut, coupled with recent liquidity-boosting measures, is expected to drive fresh investments and kick-start the consumption cycle. Sectors such as banking, auto, FMCG, consumer durables, ...

Home, auto and other loans are likely to see a drop in interest rates after the Reserve Bank of India under a new Governor cut the key benchmark rate on Friday for the first time in almost five years ...

Malhotra's predecessor Shaktikanta Das had adopted a more stern approach when it comes to regulatory actions with the focus on financial stability. Banks and some analysts had feared that many of ...