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BANKS REQUEST RBI CHANGES
Banks seek RBI relief, clarity on India's latest rupee-defence measures: ReportBanks have approached the Reserve Bank of India to request changes to the 20% cash deposit mandate. They propose that a flat charge replace...- Bank reduced interest on Rs 5.89 crore FD from 7.75% to 3.5% citing non-renewal; Delhi HC rejects arbitrary rate cut on this groundBank reduced FD rate from 7.75% to 3.5% citing non-renewal of court order FD upon maturity; Delhi HC rules banks cannot reduce such FD inte...
- Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies saysThe RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferie...
- Rupee climbs 1% to 95.76 vs USD after RBI moves to curb dollar demandThe rupee surged 1% to 95.76 against the dollar at Monday’s open after the RBI introduced measures to curb dollar demand and speculative ac...
- SBI refused to close higher fee credit card given to woman who asked for cheaper one; charged Rs 2,999 instead of Rs 499; SBI Card ordered to pay Rs 50,000A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper credit card and was refused. The ...
- Indian central bank curbs to temper corporate rush to hedge against rupee weaknessIn response to the climbing oil prices and a declining rupee, the Reserve Bank of India has initiated fresh strategies aimed at economic st...
- What is RBI seeing that markets aren't?RBI has imposed new restrictions on forex trading and opened a special window for oil marketing companies. These abrupt measures have confu...
- India’s rupee defence raises question of how far RBI will goThe Reserve Bank of India implemented strong measures to stabilise the rupee as external pressures intensify. This includes opening a dolla...
- RBI raises average CRR maintenance requirement for banksThe Reserve Bank of India will raise the minimum daily cash reserve ratio requirement to 99% from 90%. This change will take effect from mi...
- RBI bid to drain surplus liquidity and improve rate transmission sees muted responseBanks parked just Rs 79,655 crore in the central bank’s 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh cror...
- Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situationsFrom stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer ...
- Higher EMIs ahead: PNB, Bank of India, Bank of Baroda and Indian Bank raise lending rates; check detailsThe Reserve Bank of India increased the repo rate by 25 basis points during its monetary policy meeting. This hike prompted banks like Punj...
- FCNR inflows to keep cap on bank deposit ratesThe liquidity from the foreign currency non-resident deposits is likely to stabilize bank deposit rates temporarily. This situation will al...
- More RBI rate hikes loading? Decoding what Malhotra's 'caliberated tightening' stance meansThe Reserve Bank of India has increased the repo rate to 5.50% after maintaining it for several months. This shift to a calibrated tighteni...
- MDR a small fee, will not have major impact on UPI volumes: RBI Guv MalhotraSanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidenc...
- RBI rate hike to raise home, car loan borrowing costsThe Reserve Bank of India increased its policy rate by 25 basis points to 5.50% on Wednesday. Borrowers might face higher monthly installme...
- Pine Labs, CAMS, Moneyview, other fintech stocks rally up to 11% after RBI MPC move. Here’s whyShares of Pine Labs, Moneyview and other fintech firms rose after the RBI announced interoperability among NBFC account aggregators. The mo...
- Policy Dialogue: RBI builds financial market platform to debate and discussThe Reserve Bank of India is forming a Financial Market Consultative Committee for better engagement with market participants. This committ...
- Can banks raise FD interest rates now as RBI increases repo rate by 25 bps?RBI MPC October 2026: The Reserve Bank of India has increased the repo rate by 25 bps from 5.25% to 5.50%, signaling a shift. Following thi...
- RBI policy rate hike to immediately pinch retail customersThe RBI has raised the repo rate by 25 basis points to 5.50%, its first hike since February 2023, which could make floating-rate home, car ...
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