Reserve Bank of India has decided to increase the aggregate limit made available to the Standalone Primary Dealers
Retail growth moderates on slump in unsecured credit
The RBI on Friday asked all banks to mandatorily participate in the special clearing operations on March 31 to facilitate accounting of all government transactions for 2024-25. India follows the April 1-March 31 financial year. The Income tax offices as well as CGST offices across the country will remain open on March 29 to March 31 despite the weekend and Eid-al-Fitr, which may fall on Monday. Earlier, the RBI had said all government transactions done by agency banks for 2024-25 must be accounted for within the same financial year. It had asked all agency banks to keep all branches dealing with government receipts and payments open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2025. In a circular on Friday, the Reserve Bank of India (RBI) also said normal clearing timings under Cheque Truncation System (CTS) as applicable to any working "Monday" shall be followed on March 31, 2025. "Further, to facilitate account
FY25 wrap: At 6:34 AM, GIFT Nifty Futures were down 28 points at 23,749, suggesting a negative start
It met economists on Thursday for pre-policy consultation; economists divided over change in stance
These passive debt funds replicate CRISIL's index, comprising AAA-rated instruments maturing in 3-6 months
With inflation in India easing to a seven-month low of 3.61 per cent in February and the economy forecast to grow at 6.4 per cent this fiscal year
Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of US tariffs, have pulled more than $28 billion out of Indian stocks
Reserve Bank of India is scheduled to meet bank economists on April 3 to take feedback on proposed revisions
Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system
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Important to make financial systems secure, need to be mindful of not stifling investments
Earlier, SPDs were permitted to participate in all overnight liquidity management operations, excluding the Marginal Standing Facility
According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its assessment and risk perception
OIS rates, the closest gauge of interest rate expectations, have eased by 10-15 basis points so far in March
Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra
A record ₹29.7 trillion ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and PM Modi's infrastructure-spending binge
In the previous session, Sensex ended at 78,017.19, up 32.81 points or 0.04 per cent. Nifty50 closed at 23,668.65, up 10.30 points or 0.04 per cent
The revised interchange is not applicable for micro-ATM, interoperable cash deposit (card-based and UPI-based), and international ATM transactions
Augurs well for banks with relatively lower organic PSL generation