RBI has outlined how banks must implement the government’s interest subvention scheme for export credit, stressing strict adherence to eligibility and procedural ...

While the RBI mandates compensation for technical failures, recovering funds sent to a wrong UPI ID remains a manual process ...

This roundup captures key tax, GST, customs, and financial sector updates released during the week. The key takeaway is improved clarity on exemptions, compliance, and regulatory ...

In a push to reduce dependence on the US dollar, the Reserve Bank of India (RBI) has simplified the process for banks to open Special Rupee Vostro Accounts (SRVAs), a key mechanism to facilitate ...

RBI Deputy Governor Shirish Chandra Murmu has said that the central bank has reorganised or done away with as many as 9,445 directions over a period of 5-6 months. The RBI has combined thousands of ...

The Reserve Bank of India (RBI) on Monday issued a comprehensive set of amendments to the Priority Sector Lending (PSL) – ...

In a notification addressed to non-bank PPIs, the RBI reportedly said that prepaid payment instruments cannot be loaded with credit lines As per analysts, the RBI is essentially trying to remove any ...

Mumbai: A Reserve Bank of India (RBI) directive from 2022 could potentially reduce the number of stressed asset turnaround companies in India, experts said, as these institutions try to meet the ...

Government approves wage and pension revisions for RBI, PSGICs, and Nabard, enhancing benefits for thousands of employees and pensioners.