RBI increases charges on ATM withdrawal beyond stipulated limit
The Reserve Bank has permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by 2 rupees, raising the fee to 23 rupees per transaction from…
Parliament passes Banking Laws Bill, increasing option for nominees to four from one
AMN / NEW DELHI Parliament has passed the Banking Laws (Amendment) Bill 2024 with the Rajya Sabha approving it today. The Lok Sabha has already passed the bill. The bill…
Rupee Rises for 9th Straight Session, Closes at 85.64/USD
In the Forex market, the rupee today strengthened by 34 paise to close at 85 rupees and 64 paise against the US dollar, supported by a positive trend in domestic…
India’s Forex Reserves up by $305 Mn To $654.3 Bn
AMN India’s foreign exchange reserves witnessed an increase of USD 305 million, reaching USD 654.271 billion in the week ending March 14, according to the latest data from the Reserve…
US Federal Reserve holds interest rates steady
US Federal Reserve has kept its benchmark interest rate unchanged in the 4.25 per cent to 4.50 per cent range. The American central bank also indicated that two quarter-point interest-rate…
RBI, BOM sign MoU to promote use of local currencies for cross-border transactions
BIZNAMA The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding to establish a framework promoting the use of local currencies for…
RBI awarded digital transformation Award 2025 for digital initiatives
The Reserve Bank of India – RBI has been selected for the Digital Transformation Award 2025 by Central Banking at London in UK. The central bank was awarded for its…
India has taken lead in providing finance to renewable energy projects: RBI Governor
RBI Governor Sanjay Malhotra said that India has taken the lead in providing finance to renewable energy projects by including them in ‘priority sector lending’ to accelerate the country’s transition…
RBI to issue new series of 100 & 200 denomination Notes
AMN The Reserve Bank of India announced that it will soon issue 100 and 200 rupees denomination banknotes in the Mahatma Gandhi (New) Series. The RBI said that the design…
RBI reviews MSME’s crucial role in country’s economy
AMN The 29th Meeting of the Standing Advisory Committee on Micro, Small and Medium Enterprises, MSME, credit flow took place in Ahmedabad today. RBI Deputy Governor, Swaminathan J, highlighted the…