New Delhi, May 5 (KNN) The Reserve Bank of India has cautioned the public against misleading campaigns that falsely promise loan waivers, stating that such activities could lead to financial losses and disrupt the country’s credit system. In a statement, the central bank referred to its earlier advisory issued onContinue Reading
New Delhi, May 26 (KNN) The Reserve Bank of India (RBI) has constituted an expert committee to examine the opportunities and risks arising from quantum technologies and recommend a roadmap for building a quantum-secure financial ecosystem in India. Quantum technology is increasingly being seen as a transformative innovation capableContinue Reading
New Delhi, Jun 19 (KNN) The Ministry of Finance has approved an interest rate of 8.25 percent on Employees’ Provident Fund (EPF) deposits for 2025-26, retaining the same rate for the third consecutive year for over 7.8 crore contributing subscribers of the Employees’ Provident Fund Organisation (EPFO). Finance Ministry RetainsContinue Reading
New Delhi, Jul 3 (KNN) The Reserve Bank of India (RBI) has told a parliamentary standing committee that virtual digital assets (VDAs) such as cryptocurrencies pose a threat to an emerging economy like India and should not be legalised in the country at this stage, sources aware of the deliberationsContinue Reading
New Delhi, Jul 22 (KNN) The Ministry of Corporate Affairs (MCA) has proposed the creation of an Integrated Platform for Insolvency Ecosystem (iPIE), aimed at streamlining processes under the Insolvency and Bankruptcy Code (IBC) through a single digital interface. The ministry has invited comments from insolvency professionals, creditors, industry bodiesContinue Reading
New Delhi, Aug 4 (KNN) India has achieved near-universal banking coverage, with 99.92 percent of inhabited villages having access to a banking outlet within a 5-km radius, the Ministry of Finance said in the Lok Sabha. 99.92 percent Villages Have Banking Access Within 5 Km According to data uploaded onContinue Reading
New Delhi, Apr 9 (KNN) Securitisation transactions in India surged to over Rs 65,000 crore in the January–March quarter of FY26, taking the full-year total to a record Rs 2.55 lakh crore, according to Crisil Ratings. This reflects a 20 per cent year-on-year (YoY) rise in the fourth quarter andContinue Reading
