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RBI REVISED DIRECTIONS
RBI asks banks to install fake currency detection machines at branches along international bordersThe Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...
Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understandUnderstanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...
RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banksThe Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through...
FCNR(B) surge: Inflows through special window to ease banks’ liquidity pressureIn the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the assumed run-off rate on deposits ...
Lower crude, firmer rupee and easing volatility drive sharp rebound in Indian equitiesIndian stocks and currency surged significantly on Monday after crude oil prices collapsed. The BSE Sensex and NSE Nifty both saw substanti...
No international mutual fund open for subscription now after Baroda BNP Paribas Aqua FoF halts fresh investments. What should investors do?Indian investors now have no options for new international mutual fund SIPs. The Baroda BNP Paribas Aqua Fund of Fund suspended new investm...
Flipkart chief rules out IPO timeline; Infosys names new CEOHappy Friday! Flipkart group CEO Kalyan Krishnamurthy talked to us about IPO plans, quick commerce, and festive demand. That and more in to...
Infosys’ next CEO; Swiggy renews Indian-ownership bidInfosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5.
Swiggy board approves 49.5% foreign ownership cap, renews bid to become Indian-ownedThe cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's ...
EbixCash becomes first non-bank entity to get RBI nod for trade remittancesEbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handl...
India's outward FDI drops 48% to $3 billion in JuneOutward foreign direct investment commitments dropped by 48 percent in June. Equity commitments also saw a substantial decrease compared to...
RBI tightens governance framework, redefines bank board responsibilitiesThe RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating oper...
PF interest for FY26 being credited; passbook balance to be updated by July 15EPFO is processing annual interest for FY 2025-26, with balances updated by July 15. This faster credit cycle is enabled by the new CITES 2...
NRIs looking to park your dollars? Ujjivan SFB offers 7.5%, DBS up to 5.6% on FCNR depositsBanks are raising returns on FCNR(B) deposits after the RBI eased norms to attract foreign currency inflows. Ujjivan Small Finance Bank now...
India's economic plot twist comes with one villain stepping aside, another waitingIndia's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists ...
RBI opens bank lending for acquisitions under new frameworkIndia's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates ...
Karnataka: Congress moves with caution as ECI prepares to launch month-long SIR on TuesdayKarnataka's ruling Congress party is approaching the Election Commission's house-to-house voter revision exercise with caution, suspecting ...