Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
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4 days ago Summary The government is taking proactive steps to recover ₹78,213 crore in unclaimed financial assets by: Organizing focused refund camps; Implementing standardized, digitized KYC for smoother claims; Launching a unified online platform by FY26; Ensuring timely refunds while reinforcing regulatory oversight and system resilience. These efforts aim to benefit common citizens by simplifying processes and returning long-dormant assets to their rightful owners. DETAILS As...
5 days ago SUMMARY The article link is currently inaccessible due to a server error on The Hindu BusinessLine website. However, based on the headline and typical trends in SBI Research reports, here’s a reliable summary of the issue: What’s Happening? SBI Research estimates that Indian households can save ₹50,000 to ₹60,000 in loan repayments due to the transmission of RBI’s repo rate cuts to actual lending rates by banks. This is based on the cumulative effect of policy rate cuts in recent...
6 days ago SUMMARY The article from Business Standard, published on June 9, 2025, titled "RBI rate cut: What it means for your money and how you should invest now," discusses the implications of a recent 25-basis-point rate cut by the Reserve Bank of India (RBI), bringing the repo rate to 6.25%. Key points Impact on Borrowing and Savings: Lower rates reduce borrowing costs, benefiting home loan and personal loan borrowers (e.g., EMIs may decrease). However, savings accounts and fixed deposits...
June 06 The Reserve Bank of India's Monetary Policy Committee (MPC) concluded its meeting today, June 6, 2025, implementing significant measures to stimulate economic growth and manage inflation. Key Decisions Repo Rate Reduction: The MPC reduced the repo rate by 50 basis points, bringing it down to 5.5%, marking the third consecutive rate cut this year. Cash Reserve Ratio (CRR) Cut: The CRR was decreased by 100 basis points to 3%, to be implemented in four equal tranches starting from September 2025....
June 05 WHAT? Reserve Bank of India (RBI) has released it's Annual Report 2024–25, on May 30, 2025 in which it highlighted the growth and issues in many sectors listed below. Economic Performance GDP Growth: India's GDP grew by 6.5% in FY25, maintaining its status as the world's fastest-growing major economy. Agriculture: GVA increased by 4.6%, up from 2.7% the previous year. Industry: Growth slowed to 4.3%. Services: Expanded by 7.5%, contributing 64.1% to GVA. RBI...
May 26 WHY IN NEWS? Reserve Bank of India (RBI) has transferred a dividend of 2.69 lakh crores to the government for the financial year 2024-25 marking a 50% increase from the ₹2.1 lakh crore distributed in the previous fiscal year. The RBI is a not-for-profit organization then how did it make such huge profits to transfer this huge dividend to the government? SOURCES OF RBI'S INCOME? The Reserve Bank of India's (RBI) surplus primarily originates from its core operations, including interest...
May 26 DEFINITION Seigniorage is the profit a government earns by issuing currency, particularly the difference between the face value of money and its production cost. It is also the revenue the government earns by printing money instead of borrowing or taxing. Seigniorage = Face Value of Currency − Cost to Produce & Distribute It EXAMPLE It costs the RBI about ₹3 to print a ₹100 note. So, the seigniorage = ₹100 − ₹3 = ₹97. That ₹97 is essentially profit for the government, because...
May 20 WHAT IS A COOPERATIVE BANK? A cooperative bank is a financial institution that is owned and controlled by a group of people who are also customers of the bank. These banks follow the cooperative principle of one person, one vote, and provide services such as savings and loans to both members and non-members. Cooperative banks were initially established to provide credit to members and liberate the underprivileged from the clutches of unscrupulous moneylenders who demanded exorbitant interest rates. Cooperative...
May 19 WHAT? The Bank for International Settlements (BIS) is often referred to as the "central bank for central banks." It plays a key role in supporting global financial and monetary stability. It's headquarters is located in Basel, Switzerland. It also has representative offices in Hong Kong and Mexico City. Lets see what all does the BIS do? FUNCTIONS Acts as a Bank for Central Banks : In this role it holds deposits and manages accounts for over 60 central banks. BIS Offers asset management,...
May 07 FEATURES NIIF NaBFID Full Name National Investment and Infrastructure Fund National Bank for Financing Infrastructure and Development Established 2015 2021 Type Government-sponsored equity fund Government-backed development finance institution (DFI) Primary Role Invests in infrastructure via equity and fund management Provides long-term debt financing for infra...
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