New Delhi, Jun 20 (KNN) The Reserve Bank of India (RBI) on Friday issued final guidelines for the Lead Bank Scheme (LBS) after incorporating public feedback. The revised framework aims to strengthen district-level banking coordination, enhance accountability, and formalise credit planning at the block level, with the broader objective ofContinue Reading
New Delhi, Jun 23 (KNN) Uncertainties surrounding the interim U.S.-Iran peace agreement continue to pose risks to the global economy and could impact India through trade, commodity prices, capital flows and cost pressures, according to the June edition of the Reserve Bank of India’s (RBI) Bulletin. In its State ofContinue Reading
New Delhi, Jun 22 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Sunday reaffirmed the central bank’s commitment to supporting the Micro, Small and Medium Enterprises (MSME) sector, describing it as India’s ‘entrepreneurship nursery’ and a vital driver of economic growth and employment generation. Malhotra said MSMEsContinue Reading
New Delhi, Jun 18 (KNN) Union Minister for New and Renewable Energy Pralhad Joshi on Wednesday announced the approval of the first tranche of support worth Rs 22 crore for nine startups under the National Green Hydrogen Mission’s (NGHM) Rs 100 crore startup support programme. Centre Clears First FundingContinue Reading
New Delhi, Jun 20 (KNN) The Reserve Bank of India (RBI) has exempted banks from maintaining statutory reserve ratios on fresh Non-Resident (External) Rupee (NRE) term deposits of three years or more, mobilised between June 19 and September 30, 2026, as part of its measures to attract foreign capital andContinue Reading
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
