Punjab National Bank was among the first to pass on the benefit, lowering its repo-linked lending rate from 8.85 per cent to 8.35 per cent. However, the bank kept its base rate and marginal cost of ...

The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% as inflation softens within its comfort level.

The Reserve Bank of India (RBI) is planning to strengthen liquidity stress tests of Scheduled Commercial Banks (SCBs) by developing a cash flow analysis process to ensure they remain resilient ...

The Reserve Bank of India is expanding digital rupee pilots with new offline and programmable features, as digital payments in India grow sharply in 2024–2025.

Emirates NBD Bank PJSC will become the third foreign bank to have a presence in India via the WOS route. The RBI approved the bank under the “Scheme for Setting up of WOS by foreign banks in ...

The Reserve Bank has fined five banks, including ICICI (Rs 97.80 lakh) and Bank of Baroda (Rs 61.40 lakh), for regulatory non-compliance. Other penalties include IDBI (Rs 31.80 lakh) and Bank of ...

What do the new norms mean for banks? RBI has asked banks to assign an additional run-off rate of 2.5% to internet and mobile banking (IMB)-enabled retail and small business customer (SBC ...

RBI fines Kotak, IDFC First, and PNB for compliance failures. Kotak Mahindra Bank faces Rs 61.4 lakh penalty for loan system violations. IDFC First Bank penalised Rs 38.6 lakh for KYC non-compliance.

So far in CY2025, the RBI has cut the policy rate by 50 bps. Also, the stance of the monetary policy has been changed to accommodative from neutral. This is likely to impact bank depositors.

KHBF convener Dhananjaya Padmanabhachar compiled observations on banks and submitted them to the RBI, urging it to issue suitable guidelines to safeguard homebuyers’ interests.

New India Co-operative Bank The Reserve Bank of India (RBI) has allowed banks to increase fees for ATM cash withdrawals beyond the free monthly limit. Effective May 1, 2025, customers exceeding ...

In another statement, the RBI said a penalty of ₹68.20 lakh has been impose on Punjab & Sind Bank for non-compliance with certain directions on 'Creation of a Central Repository of Large Common ...