Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner
He noted that this prompts private sector investors and lenders to seek appropriate de-risking mechanisms
L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024
RBI governor says rupee's orderly movement reflects strong macro fundamentals
Strike a rich vein after a tough three-year haul of ₹2.8 trillion in outflows
Kumar says that the impact of reciprocal tariffs imposed by the United States (US) is mixed and there is fiscal space to support public expenditure
The reserves had hit a record high of $705 billion in September 2024
The Reserve Bank of India (RBI) on Friday said it has imposed penalties on Indian Bank and Mahindra & Mahindra Financial Services for certain deficiencies in regulatory compliance.
The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank
The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action
The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore
Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
This new switch being developed by NPCI subsidiary NPCI Bharat BillPay Limited (NBBL) will not leverage any existing payments system tech but will focus on creating a new system altogether
It also apply on remittances by the Indian exporter for initial as well as recurring expenses for setup and continuing business operations of its office
India is expected to grow in the range of 6.2-6.7 per cent in the current fiscal, despite the possibility of the US economy slipping into recession
This is the second one-year extension granted to him
India's banking system, which has an estimated HQLA of almost ₹45 trillion to ₹50 trillion, could have an additional ₹2.7 trillion to ₹3 trillion in lendable resources
RBI LCR norms: The Nifty Bank index hit a record high today as the LCR guidelines, as per analysts at CLSA, could potentially infuse liquidity worth ₹2.5 trillion in the system
According to market participants, RIL may have bought between Rs 7,000 crore and Rs 10,000 crore worth of government bonds during the second week of April