Circulation of ₹2000 notes drops to ₹6,577 crore: RBI
Reserve Bank of India has informed that the total value of 2000 rupee banknotes in circulation dropped to 6,577 crore rupees as of 31st of last month. In a statement,…
India’s Digital Boom: Payment Transactions Soar 44% to ₹18,000 Cr
The digital payment transactions in the country have gone up to over 18,000 crore rupees last financial year, registering an annual growth rate of 44 per cent. In a written…
India’s Digital Boom: Payment Transactions Soar 44% to ₹18,000 Cr
AMN The digital payment transactions in the country have gone up to over 18,000 crore rupees last financial year, registering an annual growth rate of 44 per cent. In a…
Over 90% taxpayers may embrace new regime with new slabs: CBDT Chairman
The Budget announcement of zero tax for earnings up to 12 lakh rupees per annum and the rejig of tax slabs across the board should prompt more than 90 per…
RBI publishes Payment System Report for Dec 2024
The Reserve Bank of India has published the Payment System Report, December 2024. The report analyses the trends in payment transactions carried out using various payment systems in India during…
RBI to inject liquidity into banking system
On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct certain operations to inject liquidity into the banking system. As per the bank’s press…
SBI Research Report ahead of Union Budget 2025-26
India continues to remain the bright spot globally, supported by its strong macro fundamentals and the government should focus on adherence to fiscal prudence and continue the fiscal consolidation path,…
Rupee appreciates by 25 paise against US dollar
In the Forex market, the rupee today appreciated by 25 paise to settle at 86 rupees and 33 paise against the US dollar. The dollar index, which indicates US dollar’s…
India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion, RBI Data Reveals
India’s foreign exchange reserves declined by 8.7 billion dollars to 625.87 billion dollars in the week ending January 10, the latest data released by the Reserve Bank of India (RBI)…
RBI issues guideline for banks & Fin institutions on customer credit information
AMN The Reserve Bank of India (RBI) issued directions consolidating various guidelines for banks and financial institutions on reporting customer credit information. As per the directions, credit information companies will…