Banking

GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST Council in its 56th meeting last year had focussed on rate rationalisation and reduction of...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates from potential sharp corrections in AI-related asset valuations which pose contagion risks to global financial...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while maintaining macroeconomic stability. Although the increase in the repo rate will play some part in...

Indian Bank Hits New Highs

The fiscal year ending 31 March 2025 marked a milestone in the history of Chennai-headquartered public sector lender Indian Bank, as it reported a...

Resilient show by IOB

Indian Overseas Bank (IOB) reported a strong financial performance for the March 2025 quarter, posting a record net profit of Rs 1,051 crore, a...

Hard options before RBI – Banking

Rhetoric has given way to reality. Preventing a slowdown in the economy has taken precedence over inflation control. Policy makers are using a base...

RBI cuts repo rate by 25 basis points

The decision was made during the first Monetary Policy Committee (MPC) meeting of the financial year 2025-26, held from April 7-9.  In a parallel move...

98.21% of ₹ 2000 notes returns, says RBI

The Reserve Bank of India (RBI) has said that 98.21% of the ₹2000 banknotes in circulation as on May 19, 2023 has been returned. The...

United Forum of Bank Unions serves one-day strike notice

Ostensibly, the strike move is to demand, among other things, the following. * Adequate recruitment in all cadres. * Regularisation of all temporary employees. * Implementation of a 5-day...

Unifi Mutual launches hybrid fund

The scheme is ideally suitable for investors looking for low volatile, inflation-beating returns over an investment horizon of two years or more. The new fund...

RBI revises norms for pre-closure charges on certain loans

The apex bank has sought comments on the draft guidelines. "Availability of easy and affordable financing to Micro and Small Enterprises (MSEs) is of paramount importance....

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GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while...

Rate Cuts are off the table: RBI Governor

The Monetary Policy Committee (MPC) of RBI on Wednesday...

Rising inflation leaves little option for RBI

With central banks across the globe hiking the interest...