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At least five banks have waived minimum balance requirement, customers hav
Updated : 8 months, 1 week ago IST
Noting that at least five banks have waived the minimum balance requirement after customers "hit back" by looking beyond banks at other avenues to place their savings, Congress leader P Chidambaram on Monday said "what reason could not do, economics has achieved".
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Inflation likely to align with RBI's projection in Q1: BoB report
Updated : 8 months, 2 weeks ago IST
Inflation is expected to remain in line with the Reserve Bank of India's (RBI) projections in the first quarter (Q1) of Financial Year FY26, driven by a favourable statistical base and continued deflation in essential commodities, according to the latest report by Bank of Baroda.
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RBI notifies underwriting auction for Rs 32,000 crore Government Securitie
Updated : 8 months, 2 weeks ago IST
The Reserve Bank of India (RBI) has announced an underwriting auction for the sale of government securities worth Rs 32,000 crore, which is taking place on Friday.
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RBI rate cuts lead to cooling in both credit offtake and deposit growth: R
Updated : 8 months, 2 weeks ago IST
With a 100 basis point repo rate cut by the Reserve Bank of India (RBI) since February, Credit offtake and deposit growth have cooled, noted a report by CareEdge.
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RBI bars pre-payment charges by banks for transfer of floating rates loan
Updated : 8 months, 2 weeks ago IST
In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business.
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DoT welcomes RBI advisory mandating banks to integrate financial fraud ris
Updated : 8 months, 2 weeks ago IST
The Department of Telecommunications (DoT) welcomes the Reserve Bank of India's (RBI) advisory issued on June 30, 2025, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by DoT
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RBI Dy Governor Rao calls for frequent credit information updates, data qu
Updated : 8 months, 2 weeks ago IST
RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others.
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"Modi govt wrecked economy over past 11-years," says Jairam Ramesh
Updated : 8 months, 2 weeks ago IST
In a scathing post on X, Ramesh said, "The Modi government has wrecked the country's economy over the past eleven years. No efforts have been made to improve people's lives; all policies have been crafted solely for capitalist friends, the consequences of which the country's people are su
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Average lending rates of scheduled commercial banks declining in line with
Updated : 8 months, 2 weeks ago IST
The weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks (SCBs) declined to 9.20 per cent in May 2025, from 9.26 per cent in April, Reserve Bank of India (RBI) data showed.
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RBI appoints Kesavan Ramachandran as new Executive Director
Updated : 8 months, 2 weeks ago IST
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 01, 2025.
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Crisil revised India's FY26 GDP growth to 6.5% on good monsoon, rate cuts,
Updated : 8 months, 2 weeks ago IST
Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the current fiscal, supported by expectations of above-normal monsoon, rate cuts and the government's rural support schemes.
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India's per capita debt of individual borrower rises significantly over la
Updated : 8 months, 2 weeks ago IST
The per capita debt of individual borrowers in India has witnessed a sharp increase over the past two years, rising from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025, according to the financial stability report released by the Reserve Bank of India (RBI).
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