This is an AI-generated image, used for representational purposes only. In a concerted push to tackle the rising wave of digital payment frauds, major public and private sector banks are collaborating with the Reserve Bank of India (RBI) to develop a Digital Payment Intelligence Platform (DPIP), a new Digital Public Infrastructure aimed at enhancing fraud…
The revised locker agreement now includes provisions allowing customers to seek legal remedies if banks fail to safeguard their locker contents. (AI image) Have you signed the updated locker agreement with your bank? If not, you are at the risk of losing your locker. Customers who have bank lockers face the risk of losing access…
भारतीय रिज़र्व बैंक (RBI) ने सोमवार को रुपया इंटरेस्ट रेट डेरिवेटिव्स (IRD) से जुड़े नियमों में बदलाव का मसौदा जारी किया है. इसका मकसद बदलते फाइनेंशियल माहौल और विदेशी निवेशकों की बढ़ती भागीदारी के हिसाब से मौजूदा नियमों को अपडेट करना है. पुराने नियमों को नया रूप देने की तैयारी IRD से जुड़े मौजूदा नियमों…
The State Bank of India (SBI), country’s largest lender, slashed its lending rates by 50 basis points, bringing much-needed relief to both existing and new borrowers.With this revision, SBI’s repo linked lending rate (RLLR) now stands at 7.75 per cent, while its external benchmark based lending rate (EBLR) dropped to 8.15 per cent from 8.65…
The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals. (AI image) The Reserve Bank of India intends to strengthen regulations concerning international money transfers, that is, overseas remittances by Indian residents, with new restrictions on foreign currency deposits that involve lock-in periods.The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals, permitting…
RBI ने बंद पड़े बैंक अकाउंट की KYC कराने के लिए नए निर्देश जारी किए हैं, जिससे अब बैंक अकाउंट की KYC करना और भी आसान हो जाएगा. RBI ने नए नियमों के मुताबिक, अब ग्राहकों को अपने बैंक अकाउंट की KYC करने के लिए बैंक की उसी ब्रांच में जाने की जरूरत नहीं पड़ेगी,…
NEW DELHI: The Reserve Bank of India (RBI) may further reduce interest rates following a temporary halt, as additional liquidity might be needed in the latter half of fiscal year 2025-26 (H2 FY26), according to a report “Ionic Wealth” from Angel One, quoted by ANI.The central bank recently lowered its FY26 inflation forecast to 3.7…
NEW DELHI: Foreign portfolio investors injected Rs 3,346.94 crore into Indian equity markets during the week, driven by optimistic sentiment following the Reserve Bank of India‘s (RBI) interest rate reduction, as reported by National Securities Depository Limited (NSDL) data.The RBI’s rate reduction bolstered investor confidence, resulting in substantial FPI inflows during the initial three trading…
Unclaimed Amount: बैंकों के पास 78,213 करोड़ रुपये लावारिस पड़े हुए हैं. यानी कि इस रकम पर दावा करने वालों में कोई नहीं है. ऐसे में वित्त मंत्री निर्मला सीतारमण ने मंगलवार को बैंकिंग रेगुलेटर्स से अनक्लेम्ड डिपॉजिट को उनके असली मालिकों को लौटाने की अपील की है. बैंकों में बढ़ता जा रहा है अनक्लेम्ड…
With no tax benefit available, the home loan should be prepaid as soon as possible. (AI image) The 50 basis point repo rate cut by the RBI has raised hopes that home loan rates will also come down. In the past three months, the RBI has trimmed its key repo rate by 100 basis points,…