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New Delhi: The Reserve Bank of India (RBI) is likely to ease interest rates further after a brief pause as the country may require additional liquidity injection in the second half of the financial year 2025-26 (H2 FY26), according to a report titled Ionic Wealth by Angel One. The RBI has already revised its inflation…
New Delhi: Given the current inflation trajectory, headline inflation is projected to average 4 per cent this fiscal (FY26), from 4.6 per cent last fiscal, a Crisil report said on Friday. Lower inflation keeps the window open for one more repo rate cut by the Reserve Bank of India (RBI), apart from the 100 basis…
New Delhi: The Reserve Bank of India (RBI) has issued its latest guidelines on inoperative accounts/ unclaimed deposits in banks. RBI has said, the amended instructions shall come into force with immediate effect. In the latest notification –Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025 — the RBI says that a bank…
New Delhi: Canara Bank, Union Bank and Indian Overseas Bank (IOB) have announced reduction in their lending rates following the Reserve Bank of India’s (RBI) announcement cutting the repo rate by 50 basis points, from 6.00% to 5.50%, in the latest Monetary Policy Committee (MPC) meeting. Canara bank has reduced Repo Linked Lending Rate (RLLR)…
New Delhi: A viral YouTube video recently claimed that Rs 500 currency notes will stop being used from March next year. However, the Central government has dismissed these claims. In a post on X, the Press Information Bureau (PIB) clarified that the Reserve Bank of India (RBI) has made no such announcement, and Rs 500…
New Delhi: In wake of revelations that a female employee of ICICI Bank illegally withdrew crores of rupees from more than 100 customer accounts, including fixed deposits (FDs), financial experts have called on the Reserve Bank of India (RBI) to take stricter measures to address such loopholes in the banking system. Experts have suggested that…
No news Business Loans Will Become Cheaper, The Price Of Domestic Veg Thali Decreased By 5.76% New Delhi34 minutes ago Copy link Yesterday’s big news was related to repo rate and domestic plate. Reserve Bank of India (RBI) has cut the repo rate of loan given to banks by 0.50%. Now the repo rate is…
RBI To Withdraw Rs 500 Currency Notes: Days after Andhra Pradesh CM N. Chandrababu Naidu urged the Centre to withdraw Rs 500 currency notes in a bid to clamp down on corruption, a Chartered Accountant (CA) has now claimed via X (formerly Twitter) that the RBI has instructed all banks to stop dispensing Rs 500…
Bank Holidays In June 2025: As June 2025 approaches, customers across India should be aware of the upcoming holidays that could impact their banking plans. The Reserve Bank of India (RBI) has released the official list of bank holidays for June 2025. These holidays vary from state to state, depending on regional, religious, and national…
Mumbai: Indian stock markets ended the week on a cautious note, marking the second consecutive week of consolidation. This subdued performance came amid ongoing global trade tensions and anticipation surrounding domestic policy developments, analysts said on Saturday. The benchmark indices, Sensex and Nifty, witnessed notable volatility through the week, eventually closing lower as investors reacted…