The Reserve Bank of India has kept its key benchmark interest rate the repo rate unchanged at 5.25% in its latest Monetary Policy Committee (MPC) meeting, reinforcing its cautious stance on inflation and economic stability. The decision was taken unanimously by the six member MPC led by RB...
New Delhi: The Income Tax Department has released the Draft Income tax Rules, 2026, marking a major transition as India prepares to implement the Income tax Act, 2025 from April 1, 2026. One of the most visible changes under the new law is the renumbering of key compliance forms, aimed at ...
The Reserve Bank of India (RBI) has introduced revised rules for current accounts, cash credit (CC), and overdraft (OD) facilities to make banking operations easier for businesses while maintaining financial discipline. These changes aim to reduce unnecessary restrictions and give customer...
New Delhi: In a major move to strengthen digital security and protect customers from online fraud, the Reserve Bank of India (RBI) has directed all banks in the country to migrate their official websites and internet banking portals to a new and secure domain ending with “.bank.in”. The di...
The Reserve Bank of India (RBI) has released its latest list of Domestic Systemically Important Banks (D-SIBs) for the year 2025, reaffirming the status of three major lenders State Bank of India (SBI), HDFC Bank and ICICI Bank. The announcement based on data as of 31 March 2025, confirms ...
New York / Geneva / Bengaluru: A massive wave of layoffs has hit major corporations worldwide, with nearly 2,00,000 employees facing job cuts across multiple industries. The trend, highlighted by The Kobeissi Letter and confirmed by global financial sources, points to a sweeping transforma...
In one of the biggest developments in India’s financial history, private sector lender RBL Bank is set for a major transformation after Dubai based Emirates NBD Bank P.J.S.C. announced a massive US $3.05 billion investment. The move marks a new chapter not just for RBL Bank but for India’s...
The State Bank of India (SBI) the country’s largest public sector bank, has announced a scheduled maintenance window during which key digital banking services will be temporarily unavailable. The outage is planned for the early hours of Saturday, 25 October 2025, from 1:10 a.m. to 2:10 a.m...
Borrowers struggling with high monthly EMIs could soon breathe easier. The Reserve Bank of India (RBI) has rolled out a major rule change effective October 2025, allowing banks to pass on loan rate cuts faster than before. This means your EMI could drop sooner whenever the bank reduces its...
In a major upgrade to India’s digital payments ecosystem, the National Payments Corporation of India (NPCI) is introducing biometric authentication for UPI transactions. The feature will allow users to verify payments through facial recognition or fingerprint scanning instead of entering a...
