New Delhi, Jun 6 (KNN) The Reserve Bank of India (RBI) has released draft amendment directions proposing to give banks greater flexibility in pricing rupee bulk deposits, while simultaneously tightening transparency and uniformity requirements in the disclosure of deposit interest rates. The draft directions cover commercial banks, small finance banks,Continue Reading
New Delhi, Jun 6 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday assured the public that cash shortages at ATMs would be addressed promptly, even as industry data revealed a significant and worsening gap between cash demanded for ATM replenishment and cash actually supplied by banks. ATMContinue Reading
New Delhi, Jun 6 (KNN) India’s economy grew at 7.7 per cent in FY2025–26, up from 7.1 per cent in FY2024–25 and marginally above the government’s own earlier estimate of 7.6 per cent, according to provisional estimates released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. TheContinue Reading
New Delhi, Jun 6 (KNN) Startup Policy Forum (SPF), an industry body representing India’s new-age companies, has urged regulators to simplify Know Your Customer (KYC) and digital onboarding processes for Non-Resident Indians (NRIs), citing operational hurdles that may be limiting investment inflows into Indian financial markets. Industry Body Seeks EasierContinue Reading
New Delhi, Jun 6 (KNN) State-owned oil and gas major ONGC has announced plans to launch a Rs 200 crore Alternative Investment Fund (AIF) aimed at supporting startups operating in energy technology, artificial intelligence (AI), machine learning (ML), deep-tech and clean energy sectors. ONGC Expands Startup Investment Push The proposedContinue Reading
New Delhi, Jun 6 (KNN) Indian households expect inflationary pressures to increase over the coming months amid concerns over the ongoing West Asia conflict and forecasts of a below-normal monsoon, according to surveys released by the Reserve Bank of India (RBI) on Friday. Household Inflation Expectations Move Higher The RBI’sContinue Reading
New Delhi, Jun 5 (KNN) The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday unanimously decided to keep the policy repo rate unchanged at 5.25 percent, while retaining a neutral monetary policy stance. The decision was taken during the 61st MPC meeting held from JuneContinue Reading
