Last Updated:May 24, 2025, 14:21 IST The RBI has announced a dividend payout of Rs 2.69 lakh crore for the central government for the financial year 2024-25. In the previous FY24, the RBI had transferred a record surplus amount or dividend of Rs 2.1 lakh crore to the government. RBI Dividend 2025: The Reserve Bank…
MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields…
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NEW DELHI: The Finance Ministry on Friday said that the central government plans to accumulate Rs 20,000 crores by introducing the ‘Sovereign Green Bonds‘ in the second half (Oct-Mar) of the financial year 2025.The ministry in a press release informed the government’s plans to complete the borrowing for the second half of FY 25 through…
March 2024 bank holidays: Certain bank branches will be open to cater to government transactions for the fiscal year 2023–2024 on Sunday, March 31. This decision comes from the Government of India, which has asked all bank branches handling government receipts and payments to remain operational on that day. The Reserve Bank of India (RBI)…
New Delhi: In a move towards enhancing digital security, the Reserve Bank of India (RBI) has expanded the scope of tokenization for debit and credit cards. Previously limited to merchant applications or websites, individuals can now tokenize their cards conveniently through the Internet and mobile banking services. The RBI has permitted the use of Card-on-File…
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Last Updated: December 08, 2023, 10:08 IST RBI MPC Meeting December 2023: Reserve Bank of India (RBI) on Friday, December 8, kept repo rate unchanged, maintaining status quo on the previous policy. RBI Governor Shaktikanta Das said that the monetary policy committee has decided to keep repo rate at 6.5 per cent unanimously. With RBI…
Read More “RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18” »
New Delhi: In a significant move to enhance the work-life balance for banking professionals, India’s banking sector, through the Indian Banks Association (IBA), has put forth a proposal to declare all Saturdays as banking holidays. The union finance ministry confirmed this proposal in Parliament, shedding light on the potential shift from the current two Saturdays off…
Read More “Banks Will Open Five Days In A Week? Check What Banking Association Has Demanded” »
