RBI asks Banks to Remain Open for Govt Transactions on March 31
The Reserve Bank of India (RBI) has advised all agency banks to keep all their branches dealing with government business open on March 31, 2025. RBI said that the Government…
RBI is ensuring that it buys enough gold to maintain an adequate reservoir: FM Sitharaman
The Government today said the Reserve bank of India is ensuring that it buys enough gold to maintain an adequate reservoir and not just a ‘basket’ of currencies. Replying to…
Over 54 Cr Jan Dhan Accounts Opened; Women Hold 55% Share: FM Sitharaman
Over 54 crore bank accounts have been opened in the country till January this year under PM Jan Dhan Yojana. In a written reply in the Lok Sabha, Finance Minister…
RBI decides to reduce policy repo rate to 6.25%
The Reserve Bank of India has decided to reduce the policy repo rate to 6.25 per cent from 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will be…
Rupee Hits Record Low of 87.57 Against US Dollar
In the Forex market, the rupee today depreciated by 11 paise to settle at a record low of 87 rupees and 57 paise against the US dollar as rising odds…
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…