The RBI has mandated all banks to participate in the special clearing operations on March 31 to facilitate accounting of…
Bank holiday on Eid: March 31 marks the last day of the current financial year 2024-25, which is the deadline…
The hike in ATM interchange fees, effective from May 1, will drive ATM network expansion, especially in rural areas, by…
RBI is set to double to 10 per cent a cap on investment by individual foreign investors in listed companies,…
Parliament approves Banking Laws (Amendment) Bill, allowing up to 4 nominees, enhancing investor protection, and improving banking governance. Key changes…
RBI clarified that this monetary penalty is specifically related to deficiencies in regulatory compliance and does not reflect the validity…
The RBI Governor Sanjay Malhotra said that there is a need for continuous improvement in India’s anti-money laundering (AML) and…
India’s NBFCs, as a sector, have been relatively insulated from global economic uncertainties. The NBFC sector has maintained double digit…
RBI’s open market operation saw strong demand with bids over Rs 67,540 crore, signaling a shift to accommodative liquidity management.…
RBI’s exclusion of gold loans originated by NBFCs from priority sector lending hurts gold loan companies, increasing their cost of…
Star Health Insurance has responded to media reports on IRDAI’s observations about claims settlement lapses, assuring stakeholders of its commitment…
IRDAI has identified serious lapses in claims settlement practices of Star Health and Allied Insurance Company.
ARCs are expected to see the cumulative redemption rate of security receipts (SRs) issued for stressed retail assets improve by…
The penalty has been imposed under Section 111 (1) (ii) of the CGST Act, 2017 on accounts of various GST…
RBI’s forex swap auction receives $22.28B bids, injecting Rs 85,000 crore liquidity into the banking system, aiming to ease liquidity…
Payments Council urges PM to reconsider zero MDR policy for UPI and RuPay transactions, calling for sustainable digital payments growth…
The Reserve Bank of India (RBI) released updated Priority Sector Lending (PSL) guidelines on Monday, which will be implemented on…
Bank Strike: The United Forum of Bank Unions (UFBU) has decided to postpone the bank strike initially planned for March…