Browsing: RBI

PayPal obtained Reserve Bank of India’s in-principle approval to operate as a Cross-Border Payment Aggregator (PA-CB-E) which represents a transformative development for India’s digital trade ecosystem.…

The RBI data indicates that India’s foreign exchange reserves (forex) decreased by $4.888 billion to reach $685.729 billion during the week ending May 16. The weekly…

The RBI imposed a ₹63.60 lakh fine on Union Bank of India because the bank failed to follow crucial regulatory requirements for fund transfers of depositors…

The RBI imposed penalties on five major lenders which include ICICI Bank and Bank of Baroda and Axis Bank as part of its tough regulatory approach.…

The implementation of new ATM transaction rules will begin on May 1, 2025, thus affecting regular ATM users throughout the nation. The Reserve Bank of India…

India’s banking sector received new optimism through RBI when it adopted changes to the liquidity coverage ratio (LCR) framework. Banks now have more flexibility to manage…

The RBI repo rate reduction of 25 basis points prompted Punjab National Bank (PNB) to modify its fixed deposit interest rates as part of the larger…

Bank Of Baroda reduced its lending rates by 25 basis points after the Reserve Bank of India made its policy decision. The immediate benefit from this…

The RBI reduced its repo rate to 6% through a 25 basis point decrease which provides relief to home loan borrowers. The monetary policy adjustment for…

The start of financial year 2025-26 brings reduced fixed deposit returns for investors as HDFC and Yes Bank together with other institutions cut their FD interest…