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New Delhi17 minutes ago Copy link In FY 2022-23, the government received a surplus of ₹ 87,416 crore. The RBI Board has approved a record 2.69 lakh crore surplus transfer to the government for FY 2025. In the last financial year 2023-24, RBI transferred a surplus worth 2.10 lakh crore to the government. That is,…
Last Updated:May 23, 2025, 19:49 is The Indian currency closed 78 paise stronger, settling at 85.22 against the US dollar, after ending at 86.00 on Thursday This upward movement was primarily fueled by a weaker US dollar and a strong performance in the domestic equity market. Representational image The rupee recorded its most significant single-day…
New Delhi: The Reserve Bank of India (RBI) is likely to transfer a bumper dividend to the Central government — in the range of Rs 2.5-3 lakh crore – which has led to a rally in short-term bonds, analysts said on Wednesday. The RBI dividend would represent a sharp jump from last year’s dividend transfer…
New Delhi: Banking fraud cases in the past few years have increased rapidly. The government and banks in order to curb such incidents have been taking continuous measures. In this direction, it is expected that every bank in the country may soon be allowed to have its own national calling number. This move will help…
Mumbai: The Reserve Bank of India proposes to cap a single regulated entity’s (RE) contribution to any Alternative Investment Funds (AIF) at 10 per cent of its corpus while collectively, a ceiling of 15 per cent will apply for investment by all REs in an AIF scheme, in the revised draft directions issued on Monday….
New Delhi: The Reserve Bank of India has announced that it will shortly issue Rs 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Sanjay Malhotra, Governor. The design of these notes is similar in all respects to Rs 20 banknotes in Mahatma Gandhi (New) Series. Will Existing Rs 20 continue to…
New Delhi: The Reserve Bank of India (RBI) has announced that it will soon issue ₹20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of the new RBI Governor, Sanjay Malhotra, according to an official statement. The new notes will retain the existing design and features of the current ₹20 notes in…
Last Updated:May 17, 2025, 07:00 is With May 2025 having five Saturdays, this means that while May 24 (the fourth Saturday) will be a bank holiday, both May 17 and May 31 will be regular working Saturdays. May 24 will be a holiday. There’s a question echoing in the minds of many people – will…
Mumbai: Shares of Muthoot Finance on Thursday slipped 7.25 per cent or Rs 163.90 to hit an intra-day low of Rs 2,096 on the national Stock Exchange (NSE) amid Reserve Bank of India’s (RBI) draft loan-to-value (LTV) norms. .On the Bombay Stock Exchange (BSE), the shares were trading at Rs 2,096.40, down by Rs 166.35…
New Delhi: The easing of retail inflation in April is expected to further give comfort to the Reserve Bank of India (RBI) to reduce interest rates in its next bi-monthly MPC meeting, which will reduce industry debt burden, leading experts said on Tuesday. CPI inflation for the month of April stood at 3.16 per cent…