No directions to Banks to close inactive PM Jan Dhan accounts-FM
AMN The Finance Ministry today clarified that no direction has been given to banks to close inactive Pradhan Mantri Jan Dhan accounts. It came in the wake of media reports…
World Bank ranks India 4th among the world’s Most Equal Societies
World Bank has placed India among world’s Most Equal Societies. According to the World Bank, India’s Gini Index stands at 25.5, making it the fourth most equal country in the…
RBI withdraws ₹1 lakh crore via VRRR auction amid surplus liquidity
The Reserve Bank of India-RBI has removed 1,00,010 crore rupees from the banking system through the seven-day variable rate reverse repo (VRRR) auction held today. RBI in a release said…
Rising Crypto Literacy: Indian Campuses Become Hotbeds for Blockchain Learning
R. Suryamurthy Indian universities are rapidly integrating cryptocurrency and digital finance education into their curricula as the country positions itself at the forefront of the global fintech revolution. With India…
Indian Bank waives off Minimum Balance Charges on Savings Accounts
Chennai In a significant customer-centric initiative, Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed…
SBI Complete 70 years of service; FM Sitharaman congratulates
Union Finance Minister Nirmala Sitharaman has congratulated the State Bank of India (SBI) on completing 70 years of service today. In a social media post, Ms Sitharaman pointed out that…
RBI Flags Global Risks, Reaffirms India’s Role as Growth Engine
Mumbai, 30 June 2025 — Despite facing a turbulent global economic landscape, India remains a key engine of global growth, supported by solid macroeconomic fundamentals and prudent policy decisions, the…
India launches First Maritime NBFC -Sagarmala Finance Corporation Limited (SMFCL)
Staff Reporter Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, today inaugurated India’s first Non-Banking Financial Company-NBFC in the maritime sector, Sagarmala Finance Corporation Limited-SMFCL. Speaking on the occasion,…
RBI Harmonises Project Lending Rules Across Banks, NBFCs, UCBs
R. Suryamurthy The Reserve Bank of India (RBI) has issued new “Reserve Bank of India (Project Finance) Directions, 2025,” set to take effect on October 1, 2025. These new guidelines…
President Murmu: Cost Accountants Crucial for Economic and Climate Goals
A cost accountant is a financial professional who focuses on tracking, analyzing, and controlling a company’s costs, particularly those related to production, operations, and services. They provide crucial cost data…