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Will Private Bank Loans Rise After RBI’s ECL Rule? HDFC & ICICI to Feel the Impact!

Recently, the Reserve Bank of India (RBI) made a significant decision regarding private banks. Under this, the Expected Credit Loss (ECL) rules will come into effect from April 1, 2027....
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Instant Cheque Clearance: RBI’s New Rule Makes Same-Day Clearing Mandatory

Starting today, Cheque clearing times at banks have been reduced. The Cheque will now be cleared the same day you deposit it, and the amount will be transferred to the account of the person concerned. ...
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RBI Governor Sanjay Malhotra Clarifies UPI transactions statement

In his response to the press, the RBI governor said, “Currently, we have no proposal to impose any charges on UPI transactions...”...
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Repo rate unchanged at 5.5%: RBI Governor Sanjay Malhotra

After a three-day long RBI MPC Meeting, RBI kept the repo rate unchanged at 5.5 per cent, while the monetary policy remains “neutral.” ...
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Bank Holiday Today: Which States Are Observing Eid-e-Milad and Onam, See Complete RBI List

Today, when people go to the bank in many parts of the country, they may find closed shutters. The reason is that festivals like Eid-e-Milad and Onam are being celebrated today....
business

India's treasury got huge wealth; this is the condition of poor Pakistan

Good news has come once again from the Reserve Bank of India. In the week ending on August 15, India's foreign exchange reserves have increased by $1....
– India's forex reserves currently at $693.6 billion, inching towards fresh all-time high

India’s Forex Reserves Soar to $693.6 Billion, Closing in on Record High

The reserves remain close to the all-time high of USD 704.89 billion. RBI Governor Sanjay Malhotra said the reserves are sufficient to cover 11 months...
₹27,000 Crore Government Securities Auction Fully Subscribed

Centre Raises ₹27,000 Crore Through Bond Auction; States Mobilise ₹26,900 Crore via SGS

Maharashtra led with ₹6,000 crore, while Andhra Pradesh, Uttar Pradesh, and others also contributed significant amounts....
RBI: States and UTs to Borrow Rs 2.86 Lakh Crore in Q2 — What This Means for Economy

RBI: States and UTs to Borrow Rs 2.86 Lakh Crore in Q2 — What This Means for Economy

The plan includes Rs 18,100 crore borrowing on July 1 by 10 states, and contributes to the Rs 8 lakh crore borrowing target for the first half of FY 2...
500 Rupees

Will 500 Rupee Notes Be Phased Out by 2026? Government Issues Clear and Firm Denial

Recently, a video has gone viral on social media that claims that 500 rupee notes will start closing from March 2025 and will be completely discontinu...
RBI

Big Change in Bank FDs: RBI Eyes Sub-7-Day Deposits After 21 Years

The Reserve Bank of India is set to revolutionize fixed deposit rules, proposing to allow bank FDs with maturities of less than seven days for the fir...
Karnataka CM Siddaramaiah

Ruckus Over Kannada Snub: CM Siddaramaiah Warns- Won’t Tolerate Disrespect Towards Local Language

Karnataka Chief Minister Siddaramaiah has strongly condemned the case of refusal to communicate in the Kannada language by the manager of a government...
RBI

RBI cuts repo rate to 6%: A boost to economic growth

The Reserve Bank of India's Monetary Policy Committee, which has six members, reduced the policy rate by 25 basis points to 6% from 6.25%. This is the...
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RBI's Upcoming Monetary Policy Meeting: Expect a Rate Cut

The Reserve Bank of India (RBI) is set to announce its monetary policy review on April 9, 2025, and experts predict a 0.25% reduction in the repo rate...
Bank

Eid Off Denied: Bank Employees Gear Up for March 31 Deadline

Bank employees across India hoping to celebrate Eid with a day off have been dealt a tough blow as the Reserve Bank of India has scrapped the holiday,...

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