[ad_1] New Delhi, May 1 (PTI) The RBI’s instructions on revised ATM usage cost have come into effect from Thursday under which banks can charge ā¹23 per cash withdrawal once a customer exhausts the free permissible limit in a month. Earlier, banks were allowed to charge up to ā¹21 per such transaction. Customers are eligible…
[ad_1] Public sector units (PSUs), contrary to the perception of their being anachronistic relics, often do serve a critical role in the economy, as Indian fiscal data reveals. It might be time to jettison dogmas that have outlived their utility and useful to leverage what exists, rather than stacking all our chips on a borrowed…
[ad_1] Mumbai: In a huge relief to the banking system, the Reserve Bank of India has allowed banks to set aside a lower stock of liquid assets against deposits raised through digital channels, in the event of a potential run on banks. In the final guidelines on liquidity coverage ratio (LCR) released on Monday, RBI…
[ad_1] New Delhi: Starting April, the government will bring out the monthly industrial production data in 28 days, instead of the current practice of releasing it in 42 days, the Union statistics ministry said on Thursday.Ā The reduced time for bringing out the widely-watched barometer for industrial activity is likely to benefit economists, policy makers…
[ad_1] Banks are on the quest to get the authority from the RBI to freeze accounts that are used in channelling illicit transactions. Banks can freeze or block accounts based on internal triggers. However, as per provisions of the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block…
[ad_1] Bank holiday tomorrow: All banks, including private and public sector banks, will remain closed on Thursday, April 10, 2025, on the account of Mahavir Jayanti or Mahavir Janmakalyanak, as per the Reserve Bank of India (RBI) calendar.Ā The RBI categorises bank holidays under the Negotiable Instruments Act into three types: Real-Time Gross Settlement (RTGS)…
[ad_1] The Reserve Bank of India had a challenging task in determining the course of interest rates and policy stance amidst extreme currency volatility, uncertainty in financial markets, and headwinds to growth.Ā However, RBIās monetary policy committee has unambiguously addressed these challenges by announcing a rate cut and shifting the stance from āneutralā to āaccommodativeā,…
[ad_1] As the Reserve Bank of India (RBI) on Wednesday cut the repo rate again by 25 basis points, home loan EMIs are expected to fall. In the past two months, RBI has cut the repo by a total of 50 basis points. Ā In February, RBI cut the benchmark rate from 6.5 per cent to…
[ad_1] RBI Monetary Policy Committee Meeting LIVE: The Reserve Bank of India (RBI) will announce its first bi-monthly monetary policy of FY26 today, April 9. The meeting of the Monetary Policy Committee (MPC) headed by RBI Governor Sanjay Malhotra was scheduled from April 7 to 9 and the credit policy decision will be announced today….
[ad_1] The Reserve Bank of India’s (RBI) monetary policy committee cut the repo rate by 25 basis points in February to 6.25 per cent, its first reduction in nearly five years. RBI appears on track for another round of monetary easing in its next policy meeting, scheduled to take place from April 7-9, and may…
