The Reserve Bank of India (RBI) announced the launch of two domains: '.bank.in' for all Indian banks and 'fin.in' for NBFCs
Consultative process in making regulations will continue: Sanjay Malhotra
Reduction in repo rate may lead to lowering of interest rates on home loans provided banks decide to pass on the benefits
Legislation to amend Income Tax Act, simplify language and procedures to reduce such disputes
The governor said the RBI is introducing an exclusive domain name for banks called 'bank.in', while for non-bank entities in the financial sector the domain name will be 'fin.in'
Optimism more pronounced in manufacturing and comparatively sedate in trading: SIDBI report
RBI Governor Sanjay Malhotra said registrations for 'bank.in' will commence from April 2025, and going forward 'fin.in' will be introduced
AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions
RBI MPC: After keeping the benchmark repo rate unchanged at 6.5 per cent for eleven consecutive meetings, the Reserve Bank of India cut rates in its February 2025 meeting
Monetary policy committee decides to reduce policy rate by 25 basis points to 6.25%, says RBI Governor Sanjay Malhotra
RBI MPC: GDP forecast for financial year 2025-26 (FY26) has been pegged at 6.7%, inflation at 4.2%
Forex traders said there is an overall negative bias in the rupee as market participants are projecting RBI to cut rates by 25 bps
The MPC had changed its policy stance to neutral in October and cut banks' cash reserve ratio by 50 bps in December to ease liquidity stress in the banking system
This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure
RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control
The government has acknowledged the need for this product and made the Budget announcements. Concurrently, we have been working on developing the product, said NaBFID MD
In the scheme, gig workers will be allotted a single universal account number (UAN) under EPFO for all platforms, should they choose to work with multiple platforms
The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially
Chief Minister Mohan Charan Majhi made the request during a meeting with the Finance Commission team, led by Chairman Arvind Panagariya, emphasising that the demand was crucial for the state
Auto claim settlements also doubled to 18.7 million from 8.92 million claims settled in the previous financial year