RBI Revokes Licenses of 150 NBFCs; 7 Additional Firms Voluntarily Relinquish Licenses
The Reserve Bank of India has revoked the Certificates of Registration (CoR) for 150 non-banking financial companies (NBFCs) under Section…
RBI Governor Warns of Potential Fuel Price Increases in India Amid Ongoing West Asia Crisis
In light of growing concerns about resources following PM Modi’s speech advocating for austerity, Reserve Bank of India Governor Sanjay…
Breaking: RBI Staff Protest Against New Promotion Policy, According to Sources
Employees of the Reserve Bank of India (RBI) held a protest on Friday morning against a new internal policy that changes promotions to be…
RBI reports that 98.47% of ₹2000 currency notes have been returned.
The Reserve Bank announced on Friday that 98.47% of the ₹2000 banknotes currently in circulation have been returned. On May 19, 2023, the…
RBI Launches Mission SAKSHAM to Enhance Skills of Urban Cooperative Bank Personnel and Board Members
The Reserve Bank of India (RBI) has introduced Mission SAKSHAM, a comprehensive capacity-building initiative designed to reinforce the urban…
Key News Highlights: Reliance Reports Q4 Revenue Spike, RBI Revokes Paytm Payments Bank License, Raghav Chadha Joins BJP
Reliance Industries has announced a robust 13% YoY increase in consolidated revenues, driven by substantial growth in its retail and telecom…
RBI Engages with Banks to Explore Strategies for Increasing Stable Deposits
India’s central bank is soliciting feedback from commercial lenders on strategies to attract larger and more stable deposits, as a shift in…
Major Headlines: JD Vance Travels to Pakistan for US-Iran Discussions, Market Surge, RBI Suggests Revisions for NBFCs, and More
US Vice President JD Vance is en route from Washington to Islamabad for significant peace talks involving Iran, with Pakistan facilitating…
Headlines: Trump Intensifies Iran Statements, ₹ Strengthens Following RBI Measures, Oil Prices Exceed $110, and Additional News
Global markets have reverted to a risk-off sentiment amid escalating tensions in West Asia, as Donald Trump cautioned about ongoing military…
Banks Call on RBI to Ease New Regulations Amid $30 Billion Deleveraging Threat
Lenders in India are calling on the central bank to ease the stricter regulations on foreign-exchange transactions, which have surged to at…