Articles
UPI faces third outage in less than a fortnight, transactions impacted
NPCI acknowledged that users are facing partial transaction decline and it is working to resolve the issue
12 April,2025 03:46 PM IST | New Delhi | PTI
RBI announces six key measures to strengthen India's banking, fintech, payments
The central bank also plans to harmonise the regulations governing non-fund-based credit facilities, such as bank guarantees and letters of credit, across financial institutions
09 April,2025 01:16 PM IST | Mumbai | mid-day online correspondent
'US tariffs cloud economic outlook across regions, to have impact on exports'
Merchandise exports are to be weighed down by global uncertainties, while services exports are expected to remain resilient. Headwinds from global trade disruptions continue to pose downward risks
09 April,2025 12:25 PM IST | Mumbai | mid-day online correspondent
RBI cuts repo rate to 6 per cent to support growth amid global uncertainties
In a move to bolster growth amid global headwinds, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6 per cent. The central bank remains cautiously optimistic about domestic growth and inflation projections.
09 April,2025 11:13 AM IST | Mumbai | mid-day online correspondent
New India Cooperative Bank case: Police get nod to attach properties
The EOW which is probing the case has started the process of attachment after receiving a magistrate court's nod on Wednesday, said an official
03 April,2025 02:30 PM IST | Mumbai | mid-day online correspondent
Maharashtra CM Fadnavis and President Murmu meet at Raj Bhavan during RBI event
Maharashtra CM Devendra Fadnavis met President Droupadi Murmu at Raj Bhavan ahead of the closing ceremony marking the 90th year of the Reserve Bank of India. Prime Minister Modi also inaugurated the RBI’s celebrations earlier today
01 April,2025 11:27 AM IST | Mumbai
Will banks, BSE, and NSE remain closed on March 31? Check RBI’s latest update
The Reserve Bank of India (RBI) has cancelled the Eid-ul-Fitr holiday for banks on March 31, 2025, to facilitate year-end financial transactions. However, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain closed for trading
31 March,2025 02:08 PM IST | Mumbai | Anisha Shrivastava
April 2025 Bank Holidays: List of days when banks will be closed across India
April 2025 brings multiple bank holidays across India, including Mahavir Jayanti, Ambedkar Jayanti, Good Friday, Bohag Bihu, and Basava Jayanti. Check the full state-wise holiday list to plan your banking activities
31 March,2025 01:32 PM IST | Mumbai | Anisha Shrivastava
RBI allows banks to hike ATM charges to Rs 23 per transaction
Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank Automated Teller Machines (ATMs)
28 March,2025 07:48 PM IST | Mumbai | mid-day online correspondent
RBI Limits excessive charges on loans up to Rs 50,000 under PSL
Bank said that no loan-related and ad hoc service charges or inspection charges shall be levied on priority sector loans up to Rs 50,000. This crucial step has been taken to protect small borrowers from unnecessary financial stress and to also ensure fair that there is a fair lending process
25 March,2025 10:47 AM IST | Mumbai