Staff Reporter India’s journey toward universal financial inclusion has made remarkable strides under the leadership of Prime Minister Narendra Modi, now in his 11th year in office. Spearheading this transformation…
R. Suryamurthy In a significant move set to energize India’s housing sector, the Reserve Bank of India’s Monetary Policy Committee (MPC) has slashed the policy repo rate by a substantial…
AMN New Delhi, June 6, 2025 — In a significant move to boost economic momentum, the Reserve Bank of India (RBI) has slashed the repo rate by 50 basis points,…
Mumbai, June 5, 2025 — The Reserve Bank of India (RBI) has imposed monetary penalties on three financial institutions for non-compliance with various regulatory norms. The violations range from unauthorized…
Staff Reporter India has raised strong concerns with the Asian Development Bank (ADB) regarding the potential misuse of financial assistance provided to Pakistan, cautioning that such resources could be diverted…
R. Suryamurthy India’s banking sector remains well-insulated from global economic turbulence, thanks to strong domestic macroeconomic fundamentals, Moody’s Ratings said in its latest report released on June 3, 2025. The…
AMN In view of the extensive changes introduced in the notified Income Tax Returns (ITRs) and considering the time required for system readiness and rollout of ITR utilities for Assessment…
Board of Directors of Reserve Bank of India (RBI) has approved a record transfer of over 2.68 lakh crore rupees as surplus to Central government for the financial year 2024-25.…
AMN The Central Board of Directors of the Reserve Bank of India (RBI) has approved a record transfer of over 2.68 lakh crore rupees as surplus to the Central Government…
The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for breaching regulatory norms. Union Bank was fined 63.60 lakh rupees…
