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Banking Liquidity Set to Decline Amid Advance Tax and GST Outflows This Week

   17 September 2024 at 09:11

The banking system, after enjoying a liquidity surplus for over two months, is expected to move into deficit this week due to advance tax payments and GST outflows, according to market experts. As of Thursday, the liquidity surplus stood at Rs 1.96 t

Posted in Others |   237 Views


Banking Laws Bill 2024: Tenure of Cooperative Banks' Directors Extended to 10 Years

   12 August 2024 at 09:01

The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector.

Posted in Others |   1524 Views


RBI Keeps Repo Rate Unchanged At 6.5% for 9th time in a Row

   08 August 2024 at 16:30

On the basis of an assessment of the current and evolving macroeconomic situation, the MPC at its meeting today (August 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others |   207 Views


RBI Proposes New Authentication Measures to Enhance Digital Transaction Security

   03 August 2024 at 09:09

In a move to bolster the security of digital transactions, the Reserve Bank of India (RBI) has proposed new guidelines aimed at introducing additional layers of authentication.

Posted in Others |   240 Views


Shri Pankaj Chaudhary takes charge as Minister of State for Finance in Ministry of Finance

   13 June 2024 at 09:05

Shri Pankaj Chaudhary took charge as the Minister of State for Finance in his second consecutive term in the Ministry of Finance, in New Delhi on June 11, 2024

Posted in Others |   222 Views


Nirmala Sitharaman Reappointed as Finance Minister in Modi's Third Cabinet

   11 June 2024 at 08:58

In a significant move, Prime Minister Narendra Modi's government has reappointed Nirmala Sitharaman as the Finance Minister. The official announcement came on June 10, a day after the ministers took the oath alongside Modi.

Posted in Others |   2631 Views


Repo Rate Unchanged at 6.5% as RBI Elevates FY25 GDP Growth Outlook to 7.2%

   07 June 2024 at 15:55

RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast

Posted in Others |   246 Views


RBI: Rs 7755 Crore in Rs 2000 Notes Still with Public

   06 June 2024 at 08:56

The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹7755 crore at the close of business on May 31, 2024.

Posted in Others |   351 Views


RBI Launches PRAVAAH, Retail Direct Mobile Application and FinTech Repository

   29 May 2024 at 09:15

Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository

Posted in Others |   330 Views


RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government

   23 May 2024 at 08:46

RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.

Posted in Others |   285 Views