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BANK OF INDIA CONTRIBUTIONS
FCNR(B): Has RBI bought forex stability at too high a cost?The FCNR(B) scheme attracted significant foreign currency deposits for the RBI. These deposits bolstered forex reserves and stabilized the ...- RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIsRBI revised FCNR(B) deposit collections upwards to USD 133 billion. The scheme's closing date was advanced by one month following a strong ...
- Forex inflows under RBI swap facility rise to USD 143.6 billionThe Reserve Bank of India said foreign exchange inflows under its special USD-INR forex swap facility rose to USD 143.596 billion as of Aug...
- Ashwini Vaishnaw on India’s chip push; Emergent's new AI betHappy Monday! The next set of investments under India’s semiconductor scheme are expected to begin in the next six months, IT minister Ashw...
- India’s BRICS presidency demonstrates New Delhi’s convening powerIndia's BRICS presidency convened an expanded grouping, achieving consensus on practical cooperation. The Delhi Declaration emphasized zero...
- UPI’s new MDR pot: 5% of collections to be used for bringing small merchants onlineNPCI will introduce a dedicated fund from MDR proceeds for small merchants. This fund aims to expand digital payment infrastructure in smal...
- OneTag launched for FASTag users: You can now change issuer bank without replacing your FASTag; what will happen to your existing wallet?In a game-changing move for FASTag users, the newly launched 'OneTag' portability feature enables individuals to transition their issuer ba...
- India’s chip push draws global interest; Quick comm's ad blitzIndia’s semiconductor push is gaining global attention as the country looks to build a stronger chip manufacturing ecosystem. This and more...
- Maldives repays USD 150 million loan to IndiaThe Maldives has repaid a USD 150 million loan to India by settling the final tranche this week. The State Bank of India had subscribed to ...
- Russia seizes Nestle, Auchan, Lemana Pro and FM Logistic assets in latest Western corporate takeoverRussian authorities have seized assets of Nestle and three French groups. A decree signed by President Vladimir Putin transferred these Rus...
- AI’s 3 musketeers are hitting the brakes. Why Jefferies’ Chris Wood sees India midcap stocks regaining favourIndia’s domestic economy is showing resilience despite geopolitical and energy risks, with stronger bank credit, corporate lending and earn...
- PM Modi birthday: Yogi Adityanath, Amit Shah, Nirmala Sitharaman, JP Nadda and others extend greetings as he turns 76Prime Minister Narendra Modi turned 76 on Thursday, September 17, with Union ministers and BJP leaders extending birthday greetings and hig...
- India’s ‘anti-AI’ trade hides 42 AI-enabler stocks that rallied 60% already: Goldman SachsIndia’s Nifty has declined 12% in 2026, but Goldman Sachs’ basket of 42 AI enablers has surged 60%. Power, data centres and semiconductor c...
- UPI MDR could bring transaction value into payment apps’ market-share battle, industry executives sayThe new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairman, managing director and chief exe...
- CBI books US-based missionary group TTI for alleged FCRA violations over Rs 92.55 crore fundsThe CBI has initiated an investigation against The Timothy Initiative due to suspected violations of the FCRA. Allegations suggest that ₹92...
- ETtech Explainer: Who pays MDR on UPI and who does notStarting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under...
- Return of MDR a key step towards making UPI sustainable and enabling further growth: ExpertsEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- Take steps to accelerate discovery of new mineral resources, says NITI AayogNITI Aayog suggests improving access to geological data and capital for exploration companies. Streamlining approvals and procedures will h...
- UPI MDR seen as sustenance fee, not windfall; small merchants remain shieldedA new merchant discount rate will fund UPI's expanding infrastructure costs. Large value person-to-merchant transactions above two thousand...
- EPFO launches WhatsApp channel for PF updates: How to join official channel and what information you can getThe Employees Provident Fund Organisation has introduced a dedicated WhatsApp channel for its members. This innovative service delivers cru...
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