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New Delhi: Reserve Bank of India (RBI) has released the calendar for Premature Redemption of Sovereign Gold Bond Scheme during October 2025 – March 2026 period. For Sovereign Gold Bond (SGB) Scheme issued by the RBI, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds….
Mumbai: Softer lending rates in the Indian economy due to the transmission of the RBI’s repo rate cuts to other rates, such as bank lending rates and deposit rates, continued in July, leading to an improvement in financial conditions during the month, according to a report released on Wednesday. Key bank lending rates, such as…
New Delhi: The Reserve Bank Of India (RBI) has issued notification on Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System, thus allowing for your cheques to be cleared within hours. ” It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shall…
New Delhi: Reserve Bank of India’s (RBI) revised directions on co-lending will boost the transparency in the lending space by strengthening disclosure requirements and expanding regulatory oversight beyond banks and NBFCs, a report said on Wednesday. All forms of loans will fall under the regulatory oversight compared with only priority sector loans currently, Crisil Ratings…
New Delhi: The Reserve Bank of India has, from time to time, underscored the importance of clear and accessible communication between banks and their customers, stressing the need to use the customer’s preferred language, the Parliament was informed on Tuesday. “RBI’s Master Circular on Customer Service in Banks states, inter alia, that all customer-facing materials…
New Delhi: The Reserve Bank of India (RBI) has announced the premature redemption price for two tranches of Sovereign Gold Bonds (SGBs) due on August 11, 2025. The 2019-20 Series IX (issued in February 2020) and the 2020-21 Series V (issued in August 2020) can be prematurely redeemed at Rs 10,070 per gram. SGBs have…
New Delhi: The Reserve Bank of India (RBI) has issued a draft circular, “Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025”, and invited public feedback on it by August 27. RBI’s new rules makes settlement of claims on accounts, lockers of deceased customers faster and easier. Under…
Last Updated:August 06, 2025, 18:39 is India’s Financial Inclusion Index stands at 67.0 as compared to 64.2 in March 2024, showing the strengthening of financial inclusion and financial literacy initiatives. PM Modi (Photo: YouTube/ Narendra Modi) The Reserve Bank of India (RBI) released the Financial Inclusion Index (FI-Index) for the year ending March 2025, which…
Mumbai: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced the standardisation of procedures for settling claims related to bank accounts and safe deposit lockers of deceased customers. Announcing the RBI August Bi-monthly policy, Governor Malhotra said, “We Will be standardising the procedure for settlement of claims in respect of bank accounts and…
Mumbai: The RBI on Wednesday retained its forecast for India’s GDP growth at 6.5 per cent for FY 2025-26, despite global uncertainties, as it expects strong rural demand on the back of a good monsoon and robust government expenditure on big ticket infrastructure projects to propel growth. RBI Governor Sanjay Malhotra said, “The above normal…