RBI’s Strategic Liquidity Infusion to Stabilize Money Markets Introduction: RBI’s Strategic Move to Stabilize Money Markets On January 2025, the Reserve Bank of India (RBI) announced a significant step in its monetary policy with a strategic liquidity infusion aimed at stabilizing the money markets. This move comes in response to the recent volatility observed in…
HSBC India Expands: RBI Approves 20 New Branches In a landmark decision, HSBC India has been granted approval by the Reserve Bank of India (RBI) to open 20 new branches across major cities. This expansion is the bank’s most significant physical growth in over a decade and marks a notable shift from HSBC’s previous consolidation…
RBI’s Record Forex Intervention in November 2024 Overview of RBI’s Record Forex Intervention in November 2024 In November 2024, the Reserve Bank of India (RBI) made headlines with its record-breaking foreign exchange (forex) intervention, marking a significant step in stabilizing India’s foreign exchange reserves. The central bank’s decision to intervene in the forex market became…
RBI Approves Merger of National and Cosmos Co-operative Banks Introduction: RBI’s Approval for Bank MergerThe Reserve Bank of India (RBI) has granted approval for the merger of the National Co-operative Bank and Cosmos Co-operative Bank. This approval marks a significant step in India’s banking sector, as it aims to create a stronger and more resilient…
RBI Reports 98.12% of ₹2000 Notes Returned: Key Implications for the Indian Economy The Reserve Bank of India (RBI) has officially reported that 98.12% of the ₹2000 notes, which were withdrawn from circulation in May 2023, have been returned to the banking system. This decision by the RBI was part of a broader strategy to…
Trend and Progress of Banking in India 2023-24: An Overview The Reserve Bank of India (RBI) recently released its annual report on the Trend and Progress of Banking in India 2023-24, shedding light on various aspects of the country’s banking system and its performance in the fiscal year. The report evaluates the growth and development…
RBI Introduces Name Lookup for NEFT and RTGS: A New Milestone in Payment Systems The Reserve Bank of India (RBI) has introduced a significant feature in the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) systems: the name lookup feature. This addition aims to streamline and enhance the security of digital transactions in…
RBI Allows UPI Payments via Third-Party Apps for PPI Holders The Reserve Bank of India (RBI) has made a significant move by permitting Unified Payments Interface (UPI) payments via third-party applications for Prepaid Payment Instrument (PPI) holders. This initiative aims to enhance the ease of digital transactions and promote financial inclusion by expanding the scope…
RBI Fines Manappuram Finance and IndusInd Bank for Non-Compliance: A Detailed Overview The Reserve Bank of India (RBI) has recently imposed fines on two prominent financial institutions, Manappuram Finance and IndusInd Bank, for non-compliance with various regulatory requirements. This development is significant as it reflects the RBI’s continued efforts to ensure adherence to banking and…
RBI Lifts Restrictions on Edelweiss Group’s ECL Finance and ARC Introduction: RBI’s Decision to Lift Restrictions In a significant development, the Reserve Bank of India (RBI) has decided to lift the restrictions on two prominent entities of the Edelweiss Group—ECL Finance Ltd and Edelweiss Asset Reconstruction Company (ARC). This decision follows a long period of…
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