The Reserve Bank of India (RBI) has released its latest list of Upper Layer Non-Banking Financial Companies (NBFC-UL), bringing four state-owned financial institutions under enhanced regulatory oversight. The updated list, announced on August 6, 2026, expands the number of NBFC-UL entities to 17, up from 15 in the previous list issued for FY25.
टैग: RBI
How Gold Helped India Avert a Financial Crisis 35 Years Ago
Thirty-five years ago, gold helped India pull back from the brink of a sovereign payments crisis, providing emergency foreign exchange at a moment when the country had only enough reserves to cover a few weeks of imports. The episode came shortly before Finance Minister Manmohan Singh announced the landmark economic reforms of 1991 that transformed India’s economic policy.
Bank of Baroda customer data leaked online, bank launches forensic investigation
Bank of Baroda customer data leaked after a compromised employee email account resulted in unauthorised access to certain data, according to the bank. The state-run […]