India's wholesale inflation rose to 9.92% in August from 9.78% in July, driven by higher prices of food, fuel and manufactured items, data from the Commerce and Industry Ministry showed. Food inflation…
The Reserve Bank of India's regulatory changes have shifted banks' capital composition towards Common Equity Tier-1 (CET-1) while leaving the overall capital adequacy ratio broadly unchanged. Median CET-1 of scheduled commercial banks…
The RBI has excluded advances against fresh FCNR (B) and NRE term deposits from the calculation of adjusted net bank credit for priority sector lending targets. Banks can now lend against these…
The Reserve Bank of India on August 6, 2026 issued comprehensive directions on loan recovery conduct and engagement of recovery agents for all regulated lenders, including urban and rural co-operative banks, non-banking…
The Banking Laws (Amendment) Act, 2025, effective from 1 November 2025, now permits up to four nominees for a single bank account or locker. For savings and fixed deposits, account holders can…
The District Consumer Disputes Redressal Commission-II, Hyderabad, has ordered refunds or monthly payouts in three cases against Squares and Yards Infra Pvt Ltd and its sandalwood cultivation schemes. The orders passed on…
The Reserve Bank of India has proposed a one-hour delay in the crediting of digital payments above Rs10,000 to combat rising fraud. In a discussion paper, the central bank noted that 2.8…
Jharkhand Mukti Morcha MP Mahua Maji has criticised the central government over rising prices of essential commodities in Ranchi. Speaking in the Lok Sabha, she accused the Centre of failing to control…
The Economic Advisory Council to the Prime Minister has recommended consolidating Indian banks into a smaller number of equal-sized lenders without reducing competition. In a paper released Tuesday night, the council noted…
The Reserve Bank of India has ordered banks to publish bulk deposit rates daily and offer identical terms to every depositor placing the same amount on the same date, ending the practice…
