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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 system liquidity surplus at record high: What it means for loans, FDs and investmentsA record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight.
- RBI proposes new interest rate rules for regulated entities, seeks public commentsThe Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal be...
- Indian jewellers may earn up to 1% incentive under revamped Gold Monetisation Scheme: IBJAIndian jewellers could earn an additional 0.75%-1% commission under a revamped Gold Monetisation Scheme (GMS) proposed by the India Bullion...
- Amit Shah transfers first part of Rs 10,000 each to 112 Sahara investorsIndian Union Home and Cooperation Minister, Amit Shah, has begun the process of returning crores of rupees to investors in the Sahara Group...
- Your PPF, NSC, other post office investments will be frozen if Aadhaar is not given by this dateThe Ministry of Finance has made the Aadhaar and PAN mandatory for making investments in PPF, NSC and other small savings schemes. This has...
- Unity Small Finance Bank pays Rs 3,800 crore to 8.5 lakh PMC Bank depositors“Unity SFB received from DICGC a certified list of erstwhile PMC Bank depositors who are eligible to receive up to Rs5 lakh of their deposi...
- NCUI hails merger of PMC BANK with Unity SFB; bats for security of depositors' moneyOn January 25, the union finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing r...
- 96 pc PMC Bank depositors to be paid upfront: Unity SFBUnity Small Finance Bank, which has taken over the failed cooperative lender PMC Bank, on Thursday said all small depositors with under Rs ...
- Nitin Gadkari hardsells InvIT model to small depositors"I am behind my officials and they are also trying and we would take SEBI permission, those who are small (depositors). We don't want to ca...
- By November, Rs 10,000 crore will be payable to PMC, Guru Raghavendra customers under new banking Act“While banks are yet to finalise the eligible account holders, initial estimates suggest the total amount to be around Rs 10,000 crore,” a ...
- Parliament passes Deposit Insurance and Credit Guarantee Corporation amendment billFinance Minister Nirmala Sitharaman, in her brief statement, said the legislation will benefit small depositors, including those of the Pun...
- RS passes Deposit Insurance & Credit Guarantee Corporation (Amendment) BillThe Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors ca...
- Given approval to set up small finance bank to take over PMC Bank: RBI to HCThe court was hearing an application by consumer rights activist Bejon Kumar Misra seeking directions to the RBI to consider other needs of...
- Budget relief: Depositors of stressed banks can access up to Rs 5 lakh of depositsThe finance minister said that the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961 would be amended to create such a p...
- Government extends deadline for linking Aadhaar with saving schemesThe government has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami dea...
- CPI-M questions Mamata's policy to pay back Saradha depositorsCPI(M) today raised questions on Mamata Banerjee government's policy to pay back depositors hit by Saradha ponzi scheme.
- Naveen seeks Presidential assent for anti-chit fund BillNaveen Patnaik today wrote to the Union Home Minister seeking his intervention for an early Presidential assent for anti-chit fund Bill.
- Saradha chit fund scam: Provisions of Companies Bill to bring transparency, says Sachin PilotSachin Pilot said this while responding to queries about steps being taken to help investors affected by the multi-crore Saradha chit fund ...
- Sinking banks to pay part of deposits before liquidationDistressed banks may now require to pay back the investors’ dues, at least a part of their money, without waiting for liquidation. Biz week...
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