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From October 4, 2025, RBI will mandate banks to clear cheques within hours instead of up to two days. The Cheque Truncation System will shift to continuous clearing in two phases, enhancing efficiency, reducing settlement risks, and improving customer experience
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ICICI Bank has rolled back its minimum average balance hike after public backlash, reducing it to Rs 15,000 for metro and urban customers, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas. Penalties still apply for balances below the limit
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Shares of One97 Communications, Paytm’s parent, surged nearly 6% to a 52-week high after the RBI granted in-principle approval for Paytm Payments Services to operate as an online payment aggregator, lifting a 2022 ban on onboarding new merchants
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The RBI projects inflation at 3.1 per cent for 2025–26, with a likely uptick above 4 per cent by year-end.
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Manush Shah and Anusha Kutumbale emerged champions in the UTT National Ranking Table Tennis Championships in Vadodara, with commanding performances in their respective singles finals. Youth titles also went to Priyanuj and Syndrela
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SBI Chairman Challa Sreenivasulu Setty donated Rs 50 lakh worth of educational infrastructure, AI labs, and e-vehicles under CSR, supporting rural education and self-help groups across Telangana
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Telangana Congress government has borrowed over 59% of its annual target in under five months. Experts warn this early borrowing surge could limit financial flexibility amid concerns over lack of new projects
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The rupee fell by 8 paise to 85.70 against the US dollar in early trade Thursday, pressured by sustained FII outflows, dollar demand from the RBI, and global risk sentiment. Traders await NFP data and India-US trade deal cues.
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Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to USD 81 billion in 2024-25, from USD 71.3 billion a year ago. However, net FDI inflows moderated to USD 0.4 billion in 2024-25, from USD 10.1 billion a year ago.
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RBI Governor Sanjay Malhotra announced a 50 bps repo rate cut to 5.5% amid falling inflation, now at 3.2%. The central bank also slashed CRR by 100 bps in phases, while shifting its policy stance from accommodative to neutral.
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As of April 9th, 2025, the RBI reduced the repo rate by 25 basis points (bps). It brought it down from 6.25% to 6.00%. This is the second reduction in 2025, with the previous cut also being 25 bps in February 2025.
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The BRS working president cited the report of the Supreme Court-appointed Central Empowered Committee (CEC), which, confirmed financial impropriety and recommended a thorough investigation involving Central agencies. He pointed out that with cities choking, environmental protection is paramount.
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The 25 basis points rate cut is expected to boost demand for home, auto, and personal loans, particularly in tier 2 and tier 3 markets, where borrowers are more sensitive to interest rates, said Binod Kumar, MD and CEO of Indian Bank. With retail loans having grown over 18 percent year-on-year, a lower interest rate environment could further drive consumption and strengthen economic momentum.
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The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections
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Currently, the transaction limit for UPI stands at ₹1 lakh for both person-to-person (P2P) and person-to-merchant (P2M) payments. However, certain P2M transactions are allowed higher limits, with some capped at ₹2 lakh and others at ₹5 lakh, depending on the use case.
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"The RBI has already embarked on a rate cutting cycle and is likely to go in for another 25 basis points reduction in the April monetary policy committee meeting, taking the repo rate to 6 per cent," HSBC Research said
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She charged Chief Minister A Revanth Reddy with misleading the public and tarnishing Telangana's image to hide his government's failures
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Preity Zinta refutes Kerala Congress' allegations that she had handed her social media accounts to the BJP and got a Rs 18 crore loan waiver
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RBI’s change in stance is aimed at supporting growth but expectations must be tempered, given the uncertainties of the global economic environment
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This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking and payment services, says RBI