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Banks to Clear Cheques Within Few Hours Starting October 4: RBI

Mumbai: The Reserve Bank of India (RBI) has announced that bank cheques must be cleared within a few hours from October 4 — down from the current clearance time of up to two working days. Under the new mechanism, the banks will scan, present and pass cheques within a few hours and continuously during business

Early Signs India May Recalibrate Its Strategic Posture Post US Tariffs: Report

New Delhi: With Prime Minister Narendra Modi set to visit China after six years and National Security Advisor (NSA) Ajit Doval engaging with Russia on key defence deals, there are early signs that India may recalibrate its strategic posture and the shift in geopolitical alignment is something investors should watch out for very closely, a

3-Day RBI MPC Begins, Economists Suggest 25 BPS Cut To Mitigate Impact of US Tariffs

New Delhi: The much-awaited Reserve Bank of India’s Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs — with India set to face 25 per cent tariffs from August 7. According to economists, the Central Bank has reasons to consider another

SBI to File CBI Complaint After Tagging RCom, Anil Ambani As ‘Fraud’: MoS Pankaj Chaudhary

New Delhi: Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified Reliance Communications Limited (RCOM), along with Promoter Director Anil D. Ambani, as “Fraud” in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the bank’s board-approved policy on Classification,

Amitabh Kant Lauds UPI For Surpassing World Leader Visa

New Delhi: Former NITI Aayog CEO Amitabh Kant on Sunday lauded UPI for becoming the world’s leading real-time payment system, processing a staggering 650 million transactions daily to dislodge Visa from the top rank. Calling it ‘phenomenal’, Kant said, “This has been one of the most notable achievements of Prime Minister Narendra Modi’s government. This

Sensex Welcomes RBI’s Jumbo 50 Bps Rate Cut, Surges Over 500 Points

Mumbai: The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut — from 6 per cent to 5.5 per cent — and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of

RBI Cuts Repo Rate By 50 Basis Points To 5.5 Pc, Changes Policy Stance To Neutral

Mumbai: RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. The RBI Governor also announced a 100 basis points

Sensex, Nifty End in Green Ahead of RBI MPC Decision

Mumbai: The Indian stock market closed in the green on Thursday ahead of the key RBI monetary policy committee (MPC) decision on the repo rate. At the end of trading, the Sensex was up 443.79 points or 0.55 per cent at 81,442.04 and the Nifty gained 130.70 points or 0.53 per cent at 24,750.90. On

98.24 Percent of Rs 2,000 Banknotes Have Been Returned: RBI

Mumbai: As many as 98.24 per cent of the Rs 2,000 banknotes which were in circulation as on May 19, 2023, have now been returned with the total value of such notes outside the banking system coming down to Rs 6,266 crore at the close of business on April 30, 2025, according to an RBI

Market Outlook: Q4 Results, PMI and FII Data Key Triggers For Next Week

Mumbai: The market outlook for next week will be guided by several domestic and global factors such as Q4 results, minutes of RBI’s Monetary Policy Committee meeting, Purchasing Managers Index (PMI) and Foreign Institutional Investors (FII) data, which could steer market direction and influence investor sentiment. During April 21-25, Tata Investment Corporation, HCL Tech, Tata

Tag: RBI

Banks to Clear Cheques Within Few Hours Starting October 4: RBI

Early Signs India May Recalibrate Its Strategic Posture Post US Tariffs: Report

3-Day RBI MPC Begins, Economists Suggest 25 BPS Cut To Mitigate Impact of US Tariffs

SBI to File CBI Complaint After Tagging RCom, Anil Ambani As ‘Fraud’: MoS Pankaj Chaudhary

Amitabh Kant Lauds UPI For Surpassing World Leader Visa

Sensex Welcomes RBI’s Jumbo 50 Bps Rate Cut, Surges Over 500 Points

RBI Cuts Repo Rate By 50 Basis Points To 5.5 Pc, Changes Policy Stance To Neutral

Sensex, Nifty End in Green Ahead of RBI MPC Decision

98.24 Percent of Rs 2,000 Banknotes Have Been Returned: RBI

Market Outlook: Q4 Results, PMI and FII Data Key Triggers For Next Week

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