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The revised regulations, effective January 1, 2025, will align the rules for Housing Finance Companies (HFCs) with those for Non-Banking Financial Companies (NBFCs), the RBI announced. Currently, HFCs accepting public deposits operate under more relaxed prudential parameters compared to NBFCs.

The RBI’s stance suggests a continued focus on price stability over immediate rate cuts, given recent history of rate hikes

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

Opens at 83.95 against the greenback, touches 83.89

RBI proposes to reduce clearing cycle by introducing continuous clearing with 'on-realisation-settlement' in Cheque Truncation System

Reporting within 1 to 3 hours increases chances of recovering lost money

The Telecom Regulatory Authority of India (TRAI) met with representatives from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India (IRDAI), other financial institutions, and all telecom service providers (TSPs)

The RBI informed that due to technical problems, around Rs 84.94 crore was not credited into 17,877 bank accounts which would be now returned to the State government after rectifying the issue, said Minister Tummala Nageswara Rao.

Inflation had eased to a 12-month low of 4.75 per cent in May after having come down to 4.83 per cent in April

Says bank failed to preserve records pertaining to identification of customers and their addresses obtained during course of business relationships in certain accounts

TGSPDCL planning to print QR code on electricity bills to make payments; sources say bills with QR code will be available from next month

All he did was click on a link sent to his mobile and presto, Rs.1.25 lakh vanished from his credit account.

Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members -- Malaysia, Philippines, Singapore, and Thailand.

Nifty 50 index closed positively at 23,267.75, marking a gain of 446.35 points or 1.96 per cent

RBI Governor Shaktikanta Das said on Friday that this will enable customers to automatically replenish the balances in Fastag, NCMC, etc. if the balance goes below the threshold limit set by them. This will enhance convenience in making travel-related payments.

RBI Governor Shaktikanta Das: MPC Decides to Maintain Current 6.5% Repo Rate

This is the first time since 1991 that India has undertaken such a large-scale overseas transfer of gold reserves.

The decision was taken at Apex Bank's 608th meeting of the Central Board of Directors. Presided over by RBI Governor Shaktikanta Das, the board reviewed the global and domestic economic scenario, including risks to the outlook.

RBI, in its monthly bulletin released Tuesday, asserted that their findings suggest that the interest in cryptocurrencies is driven by speculative motive rather than a means of payment for real economic transactions.

Despite all the growth talks and positive outlook, growing unemployment remains a major area of concern for India