Settling claims to get easier for heirs of deceased clients
The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure ...
‘To make settlement simpler’: RBI to simplify claims process for deceased customers’ nominees; banks launch re-KYC drive for Jan Dhan accounts
RBI Governor announced measures to simplify claim settlements for deceased customers’ accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The ...
RBI likely to hold repo rate at 5.5% amid growth concerns, subdued inflation – Experts
Following three consecutive rate cuts, the Reserve Bank of India is expected to maintain the repo rate at 5.5 per cent in its upcoming monetary ...
More rate cuts ahead? What finance ministry’s latest report hints, inflation dips below RBI’s 4% target
The finance ministry suggests the RBI has scope for further interest rate cuts, as inflation remains below the 4% target, reaching a six-year low of ...
Forex kitty update: Reserves drop $3.06 billion to $696.67 billion; second weekly decline in a row
India’s Forex Reserves: A Dip in the Ocean, or a Sign of the Tides Turning? India’s foreign exchange reserves, often called the forex kitty, experienced ...
RBI reserves this week: Forex reserves dip by $3.06 billion to $696.67 billion, SDRs and IMF position also lower
India’s foreign exchange reserves experienced a decline of $3.064 billion, reaching $696.672 billion in the week ending July 11, marking the second consecutive weekly drop. ...
RBI outlook to Parliament panel: Malhotra says economy strong; Rs 2,000 notes still legal but out of circulation
RBI Governor Sanjay Malhotra briefed the Parliamentary Committee on Finance, highlighting the Indian economy’s resilience amidst global challenges. He addressed concerns about the status of ...
Who is Kesavan Ramachandran? RBI elevates internal veteran to executive director, to oversee prudential regulation
The Reserve Bank of India has appointed Kesavan Ramachandran as the new Executive Director, effective July 1, 2025. He will oversee the Department of Regulation ...
RBI’s new regulation? Issues draft norms on Rupee interest rate derivatives; allows non-resident to undertake transactions
The Reserve Bank of India has released draft regulations to update rules for Rupee Interest Rate Derivatives, aligning the framework with market practices and increased ...
India-Maldives currency swap: RBI’s $400 million support lifts FX reserves; Fitch cites easing of liquidity strain in rating note
India has welcomed the Maldives’ improved foreign exchange reserves, acknowledging the significant role of the $400 million currency swap between the RBI and MMA in ...
