Indian Rupee Strengthens Amid Expected MSCI Inflows and Steady Crude Prices
The Indian rupee strengthened for the second day in a row against the US dollar on Friday, ahead of expected...
RBI
Indian Rupee Opens Lower Against US Dollar Amid Falling Crude Prices and MSCI Index Expectations
The Indian rupee started weaker against the US dollar on Tuesday, opening at 83.92, currently at 83.94. This marks a...
RBI Cancels Registration of Margdarshak Financial Services Limited Due to Financial Irregularities and Compliance Failures
The Reserve Bank of India (RBI) has canceled the Certificate of Registration (CoR) of M/s Margdarshak Financial Services Limited, meaning...
India Central Bank’s August MPC Minutes: Inflation Trends, Policy Stance, and Economic Outlook
India Central Bank Chief Das:- According to the Monetary Policy Committee (MPC) minutes, headline inflation for July and the second...
RBI Issues Revised Guidelines for Bad and Doubtful Debt Reserve (BDDR) in Co-operative Banks
RBI Issues Guidelines on Prudential Management of Bad and Doubtful Debt Reserve (BDDR) for Co-operative Banks Uniform Treatment of Provisions:Â Â ...
Ransomware Attack Disrupts Over 300 Small Indian Banks; RBI and C-Edge Remain Silent
C-Edge Technologies has been attacked by ransomware, causing service disruptions for over 300 small Indian banks. Neither the RBI nor...
RBI Permits Use of Brickwork Ratings for Loans Up to Rs 250 Crore and Tweaks Remittance Norms to IFSCs
The Reserve Bank of India (RBI) has allowed banks to use ratings by Brickwork Ratings India for loans up to...
RBI Maintains Key Interest Rates at 6.50% and Provides Economic Outlook
The Reserve Bank of India (RBI) has kept interest rates unchanged:- Actual: 6.50%- Expected: 6.50%- Previous: 6.50%In addition, the RBI...
RBI’s Recent Amendments to Credit and Debit Card Regulations: Enhancing Security, Transparency, and Consumer Protection
Reserve Bank of India (RBI) has recently implemented noteworthy amendments to the Master Direction governing credit and debit cards. In...
Moody’s Upgrades India’s Economic Outlook: 2024 GDP Growth Raised to 6.8%, Anticipates Continued Strong Performance
Key Highlights GDP Growth Upgrade: Moody's raises India's 2024 GDP estimate to 6.8% from the earlier 6.1%.Fastest Growing G20 Economy:...
RBI Directs NPCI to Implement UPI Alternatives for Paytm Payments Bank Users
The Reserve Bank of India has introduced measures to facilitate seamless UPI transactions following restrictions on Paytm Payments Bank. Key...
Indian Banks Extend Global Reach: Surge in Overseas Presence and Financial Activity in 2022-23
In the fiscal year 2022-23, Indian banks expanded their global presence through subsidiaries, increasing from 399 to 417, according to...