The GST (Goods and Services Tax) Bill: All You Need To Know
The Goods and Services Tax (GST) is a Value-added Tax (VAT) was proposed to be an extensive indirect tax levy on sale, manufacture, and...
RBI imposes restrictions on Mumbai-based Bank, caps withdrawal amount
On Monday Reserve Bank of India imposed several directions to Raigad Sahakari Bank Mumbai. These constraint include an upper limt on withdrawal cap of...
RBI’s Plan on Maintaining Financial Stability During The COVID – 19 Outbreak
The times are turbulent and even though riskier is the constant nature of the economy and financial market, the outbreak of COVID-19 has made...
Govt. Approved Rs 2.11 Lac Crore Recapitalisation plan for PSU Banks
The Indian Government today(24 October 2017) approved a very huge Rs.2.11 Lac Crore recapitalisation plan for Public Sector Banks. This amount will be allocated...
RBI Monetary Policy Announced! No Change in Repo Rate, Again!
Today, 08 Feburary 2017, RBI governor Mr. Urjit Patel released 6th Bimonthly Monetary Policy of the Reserve Bank of India. The economists were expecting...
Merger of PSU Banks in India
After amalgamation of three Public Sector Banks – Bank of Baroda, Vijaya Bank and Dena Bank today 30.08.2019 Finance Minister Nirmala Sitharaman has announced...
RBI slashes MDR charges, offers lucky draw
In order to boost the digital payments among merchants and commoners, RBI has come up with two unique solutions. At first they cut MDR...
RBI directs banks on Cardless cash withdrawals at all ATMs
The Reserve Bank of India (RBI) has ordered all the banks to provide an Interoperable Cardless Cash Withdrawal (ICCW) system in their ATMs.
In accordance...
Centralized Positive Pay (CPPS) from 1st Jan 2021
In the recent past, it has been observed that incidence of Non Borrowal Frauds are in rise. Most of the frauds are done through...
RBI Monetary Policy – April 2022 Updates
The monetary policy that is laid down by The Reserve Bank of India (RBI) to manage the country's financial inflow i.e. to ensure money...