Mumbai, April 2 The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, supported by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market.However, the domestic unit faced pressure...
Mumbai, April 1 The Reserve Bank of India (RBI) said on Wednesday that it processed 99.9 per cent of applications within the prescribed timeline in March 2026, according to official data.The central bank said that it handled a total of 24,911 applications in March, including pending cases and...
Mumbai, April 1 The Reserve Bank of India (RBI) said on Wednesday that 98.45 per cent of the Rs 2,000 banknotes in circulation have been returned.The central bank announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023.The total value of Rs 2000 banknotes...
April 1, New Delhi: With the start of the new financial year today, a set of other key reforms has come into effect. Starting April 1, all digital payment transactions in India are required to meet the norms of two-factor authentication (2FA), as directed by the Reserve Bank of India.Under the...
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digital payments
fastag
financial year
india
national highways authority ofindia
new delhi
pan card
permanent account number
prepaid payment
reservebankofindia
toll access
transaction security
two-factor authentication
upi
With the start of the new financial year today, a set of reforms, including key changes to financial regulations, will come into effect.The Income Tax Act, which has been in place for over six decades, will be replaced by the new Income Tax Act, 2025, starting today. This is designed to...
2025
digital payments
fastag
financial reforms
financial regulations
financial year
financial year 2026-27
income tax
income tax act
permanent account number
reservebankofindia
tax compliance
tax law
tax regulations
Mumbai, March 31 The supervisory data quality index score for scheduled commercial banks has improved to 90.9 in the December 2025 quarter, compared to 90.7 in the July-September period, the RBI said on Tuesday.The Reserve Bank of India (RBI) has created the supervisory data quality index...
Mumbai, March 31 The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days for pre-shipment and post-shipment finance for disbursements made until June 30, citing ongoing logistical disruptions due to the ongoing West Asia crisis.The central bank had...
Mumbai, March 30 The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following feedback from stakeholders.The central bank stated that it has also revised the "Amendment Directions on Capital Market...
Mumbai, March 30 Cedar Hill Capital announced on Monday that it has led a USD 1.5 million investment in Sign3, an AI-native fraud intelligence and risk management platform.The round also saw participation from existing investor Smile Group, as well as other founders and operators, including...
agritech
cedar hill capital
cropcoin technologies
cross-border payments
fraud intelligence
funding
indiamart
investment
niyo
payment aggregator
reservebankofindia
risk management
sign3
unicorn india ventures
venture capital
New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...
bank trading positions
currency
external reserves
financial regulation
foreign direct investment (fdi)
foreign exchange reserves
foreign portfolio investment (fpi)
india
middle east crisis
net open position (nop-inr)
non-deliverable forward (ndf) premiums
oil marketing companies
reservebankofindia
rupee
state bankofindia
New Delhi, March 30 The government has appointed Aparna Sinha as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official notification.Sinha, who is currently serving as an Adviser (FSRL) in the Department of Economic Affairs, Ministry of Finance...
bankruptcy
corporate governance
department of economic affairs
financial regulation
government appointment
ibbi
india
information utilities
insolvency and bankruptcy board ofindia
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insolvency resolution process
ministry of corporate affairs
ministry of finance
regulatory board
reservebankofindia
March 30, New Delhi – The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was discussed in the Lok Sabha, with Finance Minister Nirmala Sitharaman emphasizing the importance of data privacy.She stated that banks must strictly adhere to Know Your Customer (KYC) norms to ensure the...
banking regulations
data privacy
financial regulations
india
insolvency and bankruptcy code
know your customer
kyc
lok sabha
nirmala sitharaman
reservebankofindia
Mumbai, March 30 The Reserve Bank of India (RBI) injected ₹84,582 crore of short-term liquidity into the banking system on Monday through two variable rate repo (VRR) auctions.The central bank injected ₹50,001 crore through the first three-day VRR auction early in the day at a cut-off rate of...
banking system
central bank
financial policy
government securities
india
liquidity injection
march 30
monetary policy
omp
open market purchases
rbi
repo auctions
reservebankofindia
short-term liquidity
vrr auctions
Mumbai, March 30 The rupee breached the 95/USD mark on Monday in intra-day trading and settled at 94.78 (provisional) against the American currency after the escalation of the Iran war jolted global markets, fueling rupee volatility and risk-off sentiment.Forex traders said the USD/INR pair...
brent crude
currency depreciation
dollar index
economic fundamentals
foreign exchange
foreign institutional investors
geopolitical risk
indian rupee
iran war
net open position
nifty
nirmala sitharaman
pankaj chaudhary
reservebankofindia
sensex
usd/inr
Union Finance Minister Nirmala Sitharaman stated that banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data. The Minister was responding to supplementary questions during Question Hour in the Lok Sabha today. Ms...
banking
banking companies act
credit information and companies act
customer data
data privacy
india
know your customer
kyc
legal framework
public financial institutions act
rbi
regional rural banks act
regulatory compliance
reservebankofindia
state bankofindia
Mumbai, March 30 The rupee recovered 128 paise from its all-time low of 93.57 against the US dollar in early trade on Monday, after the Reserve Bank reduced the net open position that banks can hold overnight to USD 100 million.Forex traders said the rupee opened stronger as banks, who...
Mumbai, March 27 The Reserve Bank on Friday introduced the 'Payments Vision 2028' document, announcing various initiatives, including the introduction of electronic cheques and expanding the regulatory scope to include entities such as e-commerce companies.A facility for the sender to enable...
Mumbai, March 27 The Reserve Bank on Friday fixed the limit for Ways and Means Advances (WMA) for the first half of 2026-27 at ₹2.5 lakh crore to help the central government meet any temporary mismatch in receipts and payments.The Reserve Bank of India may initiate fresh issuance of market...
central government
financial management
financial year 2026-27
fiscal policy
government ofindia
government payments
government receipts
indiaindia economy
interest rates
monetary policy
rbi
repo rate
reservebankofindia
ways and means advances
wma
Mumbai, March 27 The Reserve Bank of India (RBI) on Friday mandated the use of Legal Entity Identifier (LEI) and Unique Transaction Identifier (UTI) for transactions in financial markets.These identifiers are key global standards for promoting transparency in the financial markets, the central...
Thiruvananthapuram, March 27 Senior Congress leader Ramesh Chennithala on Friday accused the LDF of a ₹700 crore scam in the procurement of software for thousands of primary cooperative societies in Kerala.Addressing a press conference, Chennithala alleged that the tender for providing...