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RBI to Introduce same day cheque credit system from Oct 4; within 3 hours
Updated : 7 months ago IST
According to the RBI's directive, issued on Wednesday to banks participating in the Cheque Truncation System (CTS) and the National Payments Corporation of India (NPCI), the new system will ensure that cheque processing, confirmation, and settlement take place in near real-time, significantl
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Generative AI set to improve banking operations in India by 46%: RBI Repor
Updated : 7 months ago IST
Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI).
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Fuelling Next Growth Sprint, SATYA MicroCapital Raises Rs. 300 Crore Capit
Updated : 7 months ago IST
New Delhi [India], August 13: SATYA MicroCapital Limited; an RBI registered NBFC-MFI has announced raising up to Rs. 300 Crore through rights issue of shares with pre-emptive rights for existing shareholders.
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RBI allows investment of surplus rupee balances in special vostro accounts
Updated : 7 months ago IST
The Reserve Bank of India (RBI) has permitted persons resident outside India holding Special Rupee Vostro Accounts (SRVAs) to invest their surplus rupee balances in central government securities, including treasury bills
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RBI rate cut in October MPC meeting looks unlikely as inflation set to ris
Updated : 7 months ago IST
The Reserve Bank of India (RBI) is unlikely to cut interest rates in its October policy meeting, as inflation in August 2025 is expected to rise above 2 per cent, according to a report by the State Bank of India (SBI).
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RBI conducts Rs 8,450 crore state government securities auction; cut-off y
Updated : 7 months ago IST
The Reserve Bank of India (RBI) on Tuesday announced the results of its latest yield and price-based auction of State Government Securities (SGS), raising a total of Rs 8,450 crore from various states and Union Territories. The cut-off yields in the auction ranged from 6.4377 per cent to 7.4
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RBI does not regulate minimum balance requirements for banks: RBI Governor
Updated : 7 months ago IST
The minimum balance requirements for saving accounts does not come under the regulatory domain of the Reserve Bank of India (RBI), banks decide it as per their own business needs, stated RBI Governor Sanjay Malhotra on questions of ICICI Bank raising minimum balance requirement in saving acc
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India's forex reserves decline sharply by $9.3 billion to $689 billion
Updated : 7 months, 1 week ago IST
ndia's foreign exchange reserves (forex) reported a sharp decline, slipping USD 9.32 billion to USD 688.871 billion in the week ending August 1, official data released by the Reserve Bank of India showed.
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Manchester United sign Benjamin Sesko from RB Leipzig for upcoming 2025-26
Updated : 7 months, 1 week ago IST
Premier League club Manchester United on Saturday announced the signing of Slovenia international Benjamin Sesko from German football club RB Leipzig. The striker has signed a contract until June 2030.
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RBI's August policy pause a 'technical move', scope for a cut in 2025 limi
Updated : 7 months, 1 week ago IST
The Reserve Bank of India's (RBI) decision to keep the repo rates unchanged in the August policy cycle is seen as a technical pause driven by inflation projections and growth dynamics, according to a report by SBI.
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RBI Hits Pause on Rate Cut at 5.5%: Real Estate Set to Gain from Stable EM
Updated : 7 months, 1 week ago IST
New Delhi [India], August 7: In a move widely anticipated by market watchers, the Reserve Bank of India has chosen to maintain the repo rate at 5.5%, following a cumulative 100 bps reduction over the past three Monetary Policy Committee (MPC) meetings. For the real estate sector, this pause
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Despite price concerns, services & infra sector has positive business
Updated : 7 months, 1 week ago IST
Business sentiments in India's services and infrastructure sectors remained positive during the April-June (Q1) quarter of FY26, according to the Reserve Bank of India's (RBI) latest Services and Infrastructure Outlook Survey (SIOS).
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