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FIU-IND and RBI sign MoU for enhanced coordination and information exchange
The MoU will facilitate coordinated efforts towards effective compliance with Prevention of Money Laundering Act and Rules framed thereunder
The Financial Intelligence Unit- India (FIU-IND)...
RBI projects 6.5% GDP growth for FY 2025-26
RBI's MPC, in its 54th meeting and the first of the financial year 2025–26, unanimously decided to reduce the policy repo rate by 25...
RBI shifts gears in anticipation of growth concerns due to trade wars & uncertainty: SAMCO Securities
The outcome of the RBI’s first Monetary Policy Committee (MPC) meeting for the financial year 2025–26 has been announced today, confirming a 25 basis...
RBI MPC Live: The central bank has reduced the repo rate by 25 basis points to 6%.
The outcome of the RBI’s first Monetary Policy Committee (MPC) meeting for the financial year 2025–26 has been announced today, confirming a 25 basis...
Standard Chartered bank expands its presence in GIFT City
Standard Chartered Bank today announced that it has shifted to larger office premises at Gujarat International Finance Tec-City (GIFT) City, reinforcing its long-term commitment...
Government has strengthened IBC with six amendments and 122 regulatory reforms since its inception
The legislative intent of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a consolidated framework for reorganization, insolvency resolution and liquidation of...
Bank news update: Banking regulation amendment Act 2020 has enhanced RBI’s supervision over Co-operative Banks
The Banking Regulation Act, 1949 has been amended to provide additional powers to RBI for more effective regulation of Co-operative banks vide Banking Regulation...
Government of India and Government of Japan sign loan agreements worth JPY 191.736 billion for six projects under Japan’s Official Development Assistance to India
The Government of India and the Government of Japan yesterday signed loan agreements worth JPY 191.736 billion for six projects under Japan’s Official Development...
RBI impose ₹75 lakh penalty on HDFC bank for KYC non compliance
The Reserve Bank of India (RBI) has imposed a monetary penalty of 75 lakh on HDFC Bank Limited for failing to comply with certain...
RBI imposes monetary penalties on IDBI Bank and Citibank for FEMA violations
The Reserve Bank of India (RBI) has imposed monetary penalties on IDBI Bank Limited and Citibank N.A. for violations under the Foreign Exchange Management...
National Housing Bank releases report on trends and progress of housing in India 2024
National Housing Bank (NHB), a statutory body under the Government of India has released the Report on Trends and Progress of Housing in India,...
IndusInd Bank shares rebound around 5% as management provides clarity on future profit generation
IndusInd Bank's shares surged over 5% to ₹694 on Wednesday, recovering from a 26% drop on Tuesday and outperforming peers like Indian Bank, State...
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Bank Credit growth maintains robust momentum
Bank credit growth in India continues to remain resilient, reflecting sustained lending momentum across key segments of the economy. As per the latest data...
IRDAI strengthens regulatory framework for Motor Insurance claim settlement
The sector regulator, Insurance Regulatory and Development Authority of India (IRDAI) has taken various regulatory measures for protection of policyholders’ interests which require insurers...
RedotPay raises US$107M in series B to drive Stablecoin payments adoption globally
RedotPay a global stablecoin-based payment fintech, today announced the successful completion of its US$107 million Series B round, bringing the total capital raised in...
Crypto.com announces strategic collaboration with ERShares and signal markets to launch global prediction Market-Intelligence platform
Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com today announced a strategic collaboration with ERShares, LLC...