The Union Government has notified the Banking Regulation (Amendment) Act, 2017. The Parliament had approved the Banking Regulation (Amendment) Bill, 2017 which replaced an ordinance in this regard....
The Reserve Bank of India (RBI) appointed committee on Household Finance has recently recommended that banks should link their home loan rates to the RBI’s repo rate, the...
The Union Finance Ministry on the recommendations of the Central Board of Directors of the Reserve Bank of India (RBI) has notified currency notes of Rs.200. The new...
The Union Cabinet has approved Framework for Consolidation of Public Sector Banks (PSBs) through an Alternative Mechanism (AM). The decision would facilitate consolidation among the nationalised banks to...
The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was held in New Delhi under the Chairmanship of the Union Minister of Finance Arun Jaitley. The...
The Reserve Bank of India (RBI) will shortly issue new banknotes of Rs.50 denomination in the Mahatma Gandhi (New) Series. The base colour of the new notes will...
The Lok Sabha has passed the State Banks (Repeal and Amendment) Bill, 2017. The bill seeks to repeal the two Acts namely State Bank of India (Subsidiary Banks)...
The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced short-term lending rate, or repo rate, by 25 basis points to 6%. It was...
The National Payments Corporation of India (NPCI) has received final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment Central Unit (BBPCU)...
