by Team Small News | Mar 23, 2025 | Banking, RBI
The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees, effective May 1. The revised fees will see a 12% increase in the fee for financial transactions, such as cash withdrawals, and a 16.7% increase for non-financial transactions, like... by Team Small News | Mar 22, 2025 | Banking, RBI
According to a recent report by Crisil, the Reserve Bank of India (RBI) has the space to implement further rate cuts by 50-75 basis points (bps) by March 2026. This is due to the expected easing of inflation, which is projected to soften to 4.4% in fiscal 2026 from... by Team Small News | Mar 22, 2025 | Banking, IDBI Bank, RBI
The Reserve Bank of India (RBI) has imposed a penalty of ₹36 lakh on IDBI Bank for violating the Foreign Exchange Management Act (FEMA). This decision was made after the bank failed to comply with certain regulations related to the foreign exchange transactions.... by Team Small News | Mar 21, 2025 | Banking, RBI
IndoStar Capital Finance, a leading non-banking finance company, has received approval from the Reserve Bank of India (RBI) for the sale of its subsidiary, TipRanks. The sale is part of IndoStar’s strategy to focus on its core business of lending and reduce its...
by Team Small News | Mar 21, 2025 | Banking, RBI, State Bank of India
The Reserve Bank of India (RBI) is likely to cut its repo rate by an additional 75 basis points (0.75%) in the 2025-26 fiscal year, starting from April 1, according to SBI Research. This is based on the research firm’s analysis of the current repo rate cut...
by Team Small News | Mar 21, 2025 | Banking, RBI, Union Bank of India
A research report by the Union Bank of India suggests that India’s economy may be shielded from the full impact of US trade tensions due to its trade balance with the US. However, the final impact will depend on the contours of a trade deal between the two...