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…
Category: BANKING
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…
RBI’s Gold Loan Reforms to Raise the Bar for NBFIs; Larger Firms Poised to Adapt: Fitch
R. Suryamurthy The Reserve Bank of India (RBI) has unveiled draft regulatory enhancements for gold-backed loans extended by Non-Banking Financial…
Dollar will ‘always’ be ‘currency of choice’: Trump
WEB DESK President Donald Trump has said the US dollar is “always” going to be the “currency of choice,” as…
Monetary Policy Statement, 2025-26 Resolution of Monetary Policy Committee April 7 to 9, 2025
Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025 under the…
RBI cuts repo rate by 25 basis points, switches to accommodative stance
BIZNAMA The Reserve Bank of India (RBI) cut its policy repo rate by 25 basis points to six per cent,…