The Reserve Bank of India has proposed tighter rules for setting and revising loan interest rates, with the framework scheduled to take effect on April 1, 2027. Banks would calculate MCLR using…
Banks are offering non-resident Indians leverage of up to 29 times their own capital for investments in FCNR(B) deposits under a special Reserve Bank of India framework, ETBFSI reports. Most banks offer…
Prime Minister Narendra Modi said India had moved from the ‘Fragile Five’ to a major economy over the past 12 years in his Independence Day address from the Red Fort. He said…
Small finance banks have approached the Reserve Bank of India since October 2025 seeking permission to join co-lending arrangements, ETBFSI reports. The industry made two formal representations and held a meeting with…
The Allahabad High Court has ruled that banks cannot freeze an entire account when a cybercrime probe concerns a specific sum. In a case involving Rs 36,000, the Lucknow bench ordered banks…
The Reserve Bank of India will close its special FCNR(B) deposit window on August 31, a month earlier than planned, after banks mobilised $52.3 billion by August 13. Banks can swap these…
The Reserve Bank of India's Monetary Policy Committee held the repo rate at 5.25% for the fourth straight review and retained its neutral stance, Livemint reports. The RBI raised its FY27 GDP…
Homebuyers facing delayed possession of flats without communication from builders can seek refunds, interest, or compensation under RERA and consumer protection laws, Livemint reports. Buyers can file a complaint with the local…
The Reserve Bank of India (RBI) classifies savings and current accounts as inoperative if no customer-initiated transaction occurs for more than two years. Funds in such accounts do not become the bank's…
Times of India reports that India's engineering services exports surged to $13.77 billion in 2024-25, up from $1.77 billion in 2014-15, a nearly eightfold increase. The NITI Aayog report behind the data…
