RBI mulling insurance for green deposits
RBI is exploring appropriate deposit insurance coverage for green deposits, climate risk-based differential premiums and ex ante funding needs for
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Banking Finance Year 2024
RBI appoints Arnab Kumar Chowdhury, Charulatha S Kar as executive directors
The Reserve Bank of India announced the appointment of Arnab Kumar Chowdhury and Charulatha S Kar as executive directors. Chowdhury
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RBI cancels registration of 2 NBFCs
The Reserve Bank said it has cancelled the certificates of registration of two NBFCs — Star Finserv India and Polytex
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RBI to link UPI, Asean payment systems
RBI has joined Project Nexus, an initiative to enable instant cross-border retail payments by linking domestic Fast Payment Systems. Nexus
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RBI proposes rationalising norms on foreign trade transactions
The RBI proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business
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RBI aks banks to strengthen governance
RBI governor Shaktikanta Das asked banks to further strengthen the governance standards, risk management practices and compliance culture. As part
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Centre’s net direct tax collection grows 21% so far in FY25
The Central government has so far this year collected Rs.4.62 trillion in direct taxes after adjusting for refunds, marking a
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PSU bank deputy manager held for siphoning off fund
A deputy manager of a leading PSU bank was among two people detained for siphoning off Rs 26 lakh from
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Exim Bank in pact with Guyana for $2.4m credit line
The Export Import Bank of India has entered into an agreement with the government of Guyana to provide a line
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Rural Banks shift focus to product diversification
After consolidating capital adequacy, improving profitability and asset quality, regional rural banks (RRBs) will now focus on diversification of lending
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