RBI Cuts Rates Again to Shield Economy from Trade Turbulence
* Monetary policy panel votes unanimously to cut repo rate by 25 basis points* Second rate cut in five years…
Category: BANKING
MUDRA scheme records world’s lowest NPA rate at 3.5%, empowers grassroots entrepreneurs: PM Modi
The Non Performing Asset (NPA) rate in the MUDRA Scheme is the lowest in the world for the segment. In…
3-day meeting of RBI’s Monetary Policy Committee begins to decide key interest rates
A 3-day meeting of the Reserve Bank of India’s Monetary Policy Committee (MPC) will begin in Mumbai today to decide…
UPI payments facing outage, NPCI flags latency
WEB DESK Digital payment users faced hindrance in processing transactions on India’s real-time payments system, Unified Payments Interface (UPI), for…
Poonam Gupta appointed as Deputy Governor of RBI
AMN Ahead of the Reserve Bank’s Monetary Policy Committee meeting scheduled from 7th to 9th of this month, the government…
Withdrawal of ₹2000 Denomination Banknotes – Status
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated…
RBI Commemorates Completion of its 90th year
AMN / WEB DESK The Reserve Bank of India (RBI) celebrated its 90th anniversary today. To recognize this important milestone, an…
RBI plays key role in making India a global leader in digital payments: President Murmu
AMN / MUMBAI The President of India, Mrs Droupadi Murmu today graced the closing ceremony of the commemoration of 90th year of…
RBI increases charges on ATM withdrawal beyond stipulated limit
The Reserve Bank has permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by 2…
Parliament passes Banking Laws Bill, increasing option for nominees to four from one
AMN / NEW DELHI Parliament has passed the Banking Laws (Amendment) Bill 2024 with the Rajya Sabha approving it today.…