International payments services providers have written to Reserve Bank of India (RBI), asking the central bank to reconsider its recent guidelines on data storage. In April this year, RBI asked all payment system operators to store their data

The Prime Minister's Office (PMO) is examining a proposal to replace the Banks Board Bureau (BBB) with a new body that would operate as a holding company to usher in reforms in public sector banks (PSBs). The latest move comes close on the heels

The government has lifted the restrictions that barred a company from lending or providing security and guarantee to a private enterprise where the former has a common director, or where its director holds a stake. An official told  that th

The Reserve Bank of India (RBI) is likely to keep policy rates unchanged in the forthcoming monetary policy review, but will have a hawkish tone on concerns over inflation and as crude oil prices remain elevated, according to a report. The central