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Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...- RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
- RBI allows banks to lend directly to REITs & InvITs, caps applyThe Reserve Bank of India now permits banks to directly fund Real Estate Investment Trusts and Infrastructure Investment Trusts. Strict rul...
- Muted returns on market bets steer funds back to banksAs per RBI data, bank deposits stood at Rs 256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Saturday bank holiday: Are banks open or closed today on June 6, 2026?Banks will be open today, June 6, 2026. This is the first Saturday of the month, a regular working day. Bank holidays vary by state, with t...
- Nearly two-thirds of bank loans now priced below 9% as rate cuts biteIndian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follo...
- Two out of every three bank loans in India carry interest rates below 9%Indian banks are witnessing a significant shift as nearly two-thirds of credit now carries sub-9% interest rates, a consequence of aggressi...
- Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...
- Amit Shah orders razing of illegal structures along Indo-Pak borderUnion Home Minister Amit Shah has directed the authorities to enforce a strict zero tolerance policy against illegal constructions near the...
- RBI proposes same norms of disclosure for all banksThe Reserve Bank of India is proposing new rules for banks. These rules will standardize how banks report their capital strength. This appl...
- How your old forgotten UPI IDs may become a security risk and how to protect yourselfDeleting UPI apps doesn't deactivate associated IDs, leaving financial and privacy risks. Old, forgotten UPI IDs linked to recycled mobile ...
- Net interest margin to fall, Bank of Baroda can look to upsize treasury, wealth businessBank of Baroda anticipates tighter margins this fiscal. Sticky deposit rates and restricted lending rate increases will impact profitabilit...
- Big banks urge RBI to rethink uniform forex exposure capIn recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged ...
- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...
- How inflation and RBI repo rates influence personal loan interest ratesInflation's rise impacts living costs, prompting the RBI to manage it via the repo rate. Changes in this rate directly affect personal loan...
- RBI declines pleas for more time, ECL to be effective from April 2027The Reserve Bank of India will implement a new Expected Credit Loss provisioning system from April 1, 2025. Banks must adopt this proactive...
- Allahabad Bank gets nod to amalgamate subsidiary with itselfAllBank Finance is engaged in fee-based services like debenture trusteeship, investment advisory and portfolio management.
- Allahabad Bank gains 2% as lender considers merger of subsidiary with selfAllBank Finance (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.
- Allahabad Bank board to consider AllBank Fin merger this weekAllBank Finance (ABFL) is a leading merchant banker and has been holding licence for Debenture Trusteeship since February 2010.
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