DCB Bank Reduces Fixed Deposit Interest Rates Following RBI’s Repo Rate Cut
DCB Bank, a private sector lender, has reduced interest rates on fixed deposits (FDs) below ₹3 crore for select tenures,...
RBI
RBI Imposes Six-Month Restrictions on New India Co-operative Bank, Depositors Face Uncertainty
A large number of customers gathered outside New India Co-operative Bank in Mumbai, worried about their money, after the Reserve...
RBI Directs Banks to Stay Open on March 31, 2025, for Year-End Transactions
The Reserve Bank of India (RBI) has announced that all agency banks will remain open on March 31, 2025, to...
RBI Cuts Repo Rate by 0.25%: Home Loan EMIs to Drop, Boosting Housing Sector
Homebuyers have been facing high EMIs and interest rates on home loans for over two years, eagerly awaiting change. In...
RBI Cuts Interest Rates: What It Means for You
The Reserve Bank of India (RBI) has decided to cut the repo rate by 25 basis points, reducing it from...
Tata Sons Poised for India’s Biggest IPO as RBI Mandates Public Listing by 2025
Tata Sons could soon be part of India’s largest-ever Initial Public Offering (IPO) after the Reserve Bank of India (RBI)...
RBI Introduces New Phone Number Series to Combat Spam and Fraudulent Calls in Banking
To fight spam and fraudulent calls, the Reserve Bank of India (RBI) has introduced two new phone number series for...
RBI to Close Inactive, Dormant, and Zero-Balance Accounts Starting January 2025
Starting January 1, 2025, the Reserve Bank of India (RBI) will introduce new rules that could lead to the closure...
RBI Cancels Licenses of 11 Banks in 2024 to Protect Depositors
In 2024, the Reserve Bank of India (RBI) canceled the licenses of 11 banks to safeguard depositors' interests. However, this...
Why is the RBI Removing Certain ₹5 Coins?
The Reserve Bank of India (RBI) has decided to phase out older, heavier ₹5 coins due to economic and security...
