What is difference between loan waived off and loan written off?
While they both result in a loan being removed from a bank’s active “books,” the financial and legal implications for the borrower are very different. The terms “loan waived off”…
Reserve Bank of India asks banks to speed up cross-border payments
AMN Reserve Bank of India has asked banks to speed up cross-border payments. In guidelines issued today, the RBI has said that it has been observed that several banks rely…
RBI allows exchange of INR at foreign exchange counters in international airports
AMN The Reserve Bank of India (RBI) has decided to allow residents to exchange Indian Rupee notes at foreign exchange counters at the departure halls in the international airports. In…
RBI announces underwriting auction for sale (re-issue) of Government Securities worth 29,000 crore
AMN The Reserve Bank of India (RBI) Wednesday announced the underwriting auction for the sale (re-issue) of Government Securities worth ₹29,000 crore today. The auction includes the re-issuance of ₹17,000…
New Income Tax Act, 2025 comes into force
Staff Reporter With the start of the new financial year today, a set of reforms, including key financial rule changes have come into force. The over-six-decades-old Income Tax Act has…
Banks in India operate under strict legal, regulatory framework to ensure safety of data: FM Sitharaman
A R DAS Union Finance Minister Nirmala Sitharaman has said that the banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality…
RBI announces its ‘Payments Vision 2028’, outlining roadmap to strengthen growing digital payments ecosystem
The Reserve Bank of India (RBI) today announced its ‘Payments Vision 2028’, outlining a roadmap to strengthen and expand India’s rapidly growing digital payments ecosystem. Anchored in the theme, ‘Shaping…
Rupee Slips Record Low of 94.75 Amid Middle East Tensions
AMN – The Indian rupee plunged to a historic low on Friday, March 27, 2026, breaching the critical 94 mark for the first time as escalating tensions in the Middle…
Rupee Drops Sharply to 94.28 Against Dollar; Foreign Outflows Weigh on Currency
AMN The Indian rupee weakened further on Wednesday, closing at 94.28 per US dollar, compared with its previous close of 93.74, as heavy foreign institutional investor (FII) outflows and persistent…
Rupee near record lows amid looming tensions over West Asia crisis
AMN New DelhiThe Indian rupee weakened by 22 paise to close at 93.75 against the US dollar (provisional) on Tuesday, pressured by a stronger greenback and rising global crude oil…