by newsworm | Apr 2, 2025 | Banking, RBI
The Reserve Bank of India (RBI) is set to continue its bond buying efforts in April, aiming to lower bond yields and pave the way for potential interest rate cuts. This move has already led to a 15-point decline in the 10-year bond yield in March, the largest drop in... by newsworm | Apr 1, 2025 | Banking, RBI
According to the Reserve Bank of India (RBI), a significant majority of the Rs 2000 banknotes have been returned to the banking system. As of March 31, 2025, only Rs 6,366 crore worth of these notes remain with the public. This represents a decline from the initial... by newsworm | Mar 31, 2025 | Banking, RBI
The Philox, a digital watchdog group, has filed a complaint with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) against Pi Network, a cryptocurrency that has allegedly misled over 10 million Indian consumers since its founding in... by newsworm | Mar 30, 2025 | Banking, IndusInd Bank, RBI
Reliance Capital’s lenders have withdrawn their petition against IndusInd International Holdings Ltd (IIHL) before the National Company Law Appellate Tribunal (NCLAT). This move came after the Committee of Creditors (CoC) informed NCLAT that IIHL had...
by newsworm | Mar 30, 2025 | Banking, RBI, Suryoday Small Finance Bank
Suryoday Small Finance Bank (SSFB) has successfully completed a deal to sell a stressed loan portfolio worth ₹80.59 crores to Edelweiss Asset Reconstruction Company Ltd. (EARC). As of February 28, 2025, the principal outstanding value of the loan portfolio was ₹80.59... by newsworm | Mar 30, 2025 | Banking, Jammu & Kashmir Bank, RBI
The Reserve Bank of India (RBI) has announced that all branches of Jammu and Kashmir Bank will be open on March 30 and 31, 2025. This decision aims to facilitate year-end banking transactions for customers, making it easier for them to complete their transactions...