Money left untouched in bank accounts, insurance policies and investments is accumulating across India. Regulators say they are now moving to return it to rightful owners. The Reserve Bank of India, the Insurance Regulatory and Development Authority of India and the Securities and Exchange Board of India have outlined a series of measures to help […]
A surge in digital payments has brought convenience to millions of Indian users. It has also increased the risk of fraud. The Reserve Bank of India, the country’s central banking authority, has proposed revised rules to limit customer liability in unauthorised electronic banking transactions. The draft framework, released for public consultation on March 6, 2026, […]
GDP for 2022-23 projected to grow at 7.0%. Internet banking facility to be started for Regional Rural Banks’ customers. Regulation of offline payment aggregators proposed. Repo Rate hiked to 5.90% The repo rate, the rate at which RBI lends money to commercial banks, has been hiked by 50 basis points again. Considering the prevailing adverse […]
As reported earlier, new Rs. 200 notes have entered the circulation with many ATMs being recalibrated to provide the notes which are similar in size to Rs.500 notes but vary in colour with the colour yellow dominating the appearance. The Reserve Bank of India, the central bank, has described the ne note as the missing […]
The Government of India have announced the Sale (re-issue) of (i) “6.84 per cent Government Stock, 2022” for a notified amount of Rs. 3000 crore (nominal) through price based auction, (ii) “6.79 per cent Government Stock 2029” for a notified amount of Rs.7,000 crore (nominal) through price based auction, (iii) “6.57 per cent Government Stock […]