RBI Approves Record Rs 2.68 Lakh Crore Surplus Transfer to Centre for FY2024-25
AMN The Central Board of Directors of the Reserve Bank of India (RBI) has approved a record transfer of over…
Category: BANKING
RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations
The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for…
India Post Payments Bank Partners with Aditya Birla Capital Limited to Simplify Accessibility to Loan
Staff Reporter / New Delhi India Post Payments Bank (IPPB), a Government of India undertaking and Aditya Birla Capital Limited (‘ABCL’),…
FM N. Sitharaman directs banks to be alert to deal with any eventuality
Minister for Finance and Corporate Affairs Nirmala Sitharaman today directed all banks to remain fully alert and prepared to deal…
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…
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…