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New Delhi: Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the RBI has conceptualised a Unified Market Interface (UMI) and work is underway to develop standards for customer onboarding on digital platforms. Addressing the Global Fintech Fest 2025 event here, Malhotra also said that the proposed “Unified Lending Interface (ULI) aims to…
Kathmandu: The Reserve Bank of India’s (RBI) decision to allow certain Indian banks to lend to residents of Nepal, Bhutan, and Sri Lanka in Indian rupees could offer new financing alternatives for Nepali businesses, some of the country’s leading experts believe. On October 1, the RBI announced that it would allow Authorised Dealer (AD) banks…
New Delhi: The Reserve Bank of India (RBI) is set to transform the country’s cheque clearing system with a major overhaul. From October 4, 2025, the existing batch-processing system which takes up to two working days will be replaced by a continuous clearing and settlement on realization framework. This marks Phase 2 of the RBI’s…
New Delhi: Several states across India are celebrating local festivals this weekend, which has left many people wondering whether banks will remain open or closed today, October 4, 2025. If you’re planning a visit to the bank or have important work lined up, it’s important to know the updated holiday schedule before stepping out. Bank…
New Delhi: Deposit growth at banks is expected to be adequate in FY26, facilitating credit growth of 11–12 per cent buoyed by enhanced liquidity from regulatory measures, a report said on Friday. The report from ratings agency Crisil noted that decreasing household participation in term deposits and a reduction in current account and savings account…
New Delhi46 minutes ago Copy link The bank check clearance system will be implemented in two face. The Reserve Bank of India is going to make a big change in the RBI check clearance system from tomorrow (October 4). Under this, after submitting the amount of check, the process will come and come to the…
Last Updated:October 02, 2025, 14:54 is The Reserve Bank of India (RBI) has announced a series of measures aimed at strengthening banks’ balance sheets and boosting credit flow. RBI’s Banking Sector Announcements. The Reserve Bank of India (RBI) has announced a series of measures aimed at strengthening banks’ balance sheets and boosting credit flow. Bankers…
New Delhi: Inflation is less of a worry this fiscal, with GST rate cuts and low crude prices likely to keep prices in check, according to a Crisil report, which predicts that the initiation of the US Federal Reserve’s (Fed’s) rate cuts has also added space for the RBI to cut rates. The Fed cut…
Mumbai: The high-value Rs 2000 notes worth Rs 5,884 crore are still in circulation, according to official data released on Wednesday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. Rs 2000 banknotes continue to be legal tender. In a statement, the central…
Last Updated:October 01, 2025, 20:34 is RBI keeps repo rate unchanged at 5.50 percent for the second time, bringing stability but no immediate change in EMIs or loan interest rates for borrowers and depositors. RBI MPC Meeting October 2025. RBI Repo Rate Impact: The Reserve Bank of India (RBI) on Wednesday, October 01, decided to…