RBI relaxes norms for FPIs investing in corporate debt securities through general route
Reserve Bank of India has relaxed norms for foreign portfolio investors, FPIs investing in corporate debt securities through the general…
Category: BANKING
GST Collections Hit Record ₹2.37 Lakh Crore in April, Up 12.6% YoY
India’s goods and services tax (GST) collections surged by 12.6 percent to an all-time high of 2.37 lakh crore rupees…
Rupee strong by 76 paise to close at Rs 84.49 against US dollar
In the Forex market, the rupee today strengthened by 76 paise to close at 84 rupees and 49 paise against…
Deposit Growth Trails Credit in FY25 as Banks Face Stiff Savings Market Competition
R. Suryamurthy The landscape of personal finance in India is undergoing a transformation, with banks, mutual funds, and small savings…
FM Sitharaman targets one billion UPI transactions per day to broaden its reach and impact
Union Finance Minister Nirmala Sitharaman has underscored the need to achieve the target of one billion UPI transactions per day…
DBT initiative of PM Modi has saved Rs 3.48 lakh cr by reducing leakage: Ashwini Vaishnaw
Union Minister for Electronics and Information Technology Ashwini Vaishnaw has said that Direct Benefit Trasfer- DBT initiative of Prime Minister…
India’s forex, money markets have doubled in last 4 years: RBI Governor
India’s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of…
Finance Ministry Labels Reports on GST on UPI Transactions as False and Baseless
The Government today stated that claims suggesting it is considering levying GST on UPI transactions over two thousand rupees are…
RBI, FIU-IND Sign MoU to Bolster Anti-Money Laundering Efforts
The Reserve Bank of India (RBI) and Financial Intelligence Unit-India (FIU-IND) today signed a Memorandum of Understanding (MoU) as part…
Kotak Mahindra, IDFC First, PNB Penalized by RBI for Violating Regulatory Guidelines
The Reserve Bank of India (RBI) today said it has imposed penalties on Kotak Mahindra Bank, IDFC First Bank, and…