RBI imposes monetary penalty on Bandhan Bank Limited
BIZ DESK The Reserve Bank of India (RBI) has, by an order dated April 21, 2026 imposed a monetary penalty of ₹41.80 lakh (Rupees Forty One Lakh Eighty Thousand only)…
RBI imposes monetary penalty on Muthoot Housing Finance Company Limited
BIZ DESK The Reserve Bank of India (RBI) has, by an order dated April 21, 2026, imposed a monetary penalty of ₹80,000/- (Rupees Eighty Thousand only) on Muthoot Housing Finance…
RBI cancels banking licence of Paytm Payments Bank
AMN / BIZ DESK The Reserve Bank of India has cancelled the banking licence issued to Paytm Payments Bank Limited. In a statement, the RBI said the bank is prohibited…
India approves ₹30 bn first withdrawal for Maldives under SAARC Currency Swap Framework
Staff Reporter India has approved the first withdrawal of 30 billion rupees for the Maldives under the SAARC Currency Swap Framework, reinforcing its ongoing financial support to the island nation.…
Fresh tension in West Asia takes INR back below Rs 93 per dollar mark
New Delhi, April 20 — The Indian rupee erased its early gains and settled 27 paise lower at 93.18 (provisional) against the US dollar on Monday, as rising tensions in…
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…