The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down from 6.25% to 6% – a move expected to ease borrowing costs for individuals and businesses. RBI Governor Sanjay Malhotra announced the decision during the first Monetary Policy Committee (MPC) meeting of FY26, held from April 7 … Read more
Mumbai: The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to ‘peer-to-peer lending platform’. A penalty of Rs 40 lakh has been imposed on Fairassets Technologies India and Rs 10 lakh each has been imposed on Bridge … Read more
RBI Governor Sanjay Malhotra stated that the upcoming discussion paper on crypto, being developed under the Finance Ministry’s oversight, will provide clarity on the future of virtual assets in the country. Speaking to Gadgets 360, members of India’s Web3 community highlighted that while other nations are embracing crypto, India’s prolonged indecision is hindering its progress … Read more
The Reserve Bank of India on Friday announced the launch of ‘bank.in’, an exclusive internet domain for banks to tackle rising cases of financial fraud. During a press briefing after the Monetary Policy Committee (MPC) meeting, where a 25 basis points reduction in the repo rate was announced, new RBI Governor Sanjay Malhotra also unveiled … Read more
Davos: Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption. Asked what the second term … Read more