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RBI goes for steepest interest rate cut in 5 yrs

PNS|Mumbai Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50...

RBI permits minors above 10 years to operate bank accounts independently

PNS|Mumbai The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts...

Rupee rises 38 paise to 82.75 against US dollar in early trade

The rupee appreciated by 38 paise to 82.75 against the US dollar in early trade on Friday, as the inclusion of India in the...

Rupee rises 5 paise to 83.05 against US dollar

The rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the US dollar in early trade on Monday...

RBI bars banks from levying penal interest, says ‘reasonable’ penal charges can be imposed

Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday...

Union FM details loans taken by AP

PNS | Vijayawada In response to a query from a Lok Sabha member regarding the financial assessment of Andhra Pradesh, Union Finance Minister Nirmala Sitharaman...

Currency note with * symbol in number panel valid note: RBI

PNS|Mumbai A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on...

Beware of loan apps: SP

PNS|Ongole Superintendent of Police Malika Garg has asked the people to beware of loan apps. In a statement here on Sunday, she said that loans should...

CID notices to Margadarsi subscribers with deposits of over Rs 1 crore

PNS|Vijayawada In a significant move by the AP Criminal Investigation Department, (AP CID) to address the violations of regulations pertaining to cash deposits made by...

SC rejects plea against exchange of Rs 2,000 notes without ID proof

The Supreme Court on Monday refused to entertain an appeal challenging the Delhi High Court verdict dismissing a PIL against the RBI notification permitting...

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