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The Reserve Bank of India needs to reassess and adjust its strategy for intervening in the market.

by Team Small News | Sep 17, 2025 | RBI

According to Jamal Mecklai, the initial excitement about the potential benefits of Trump’s tariffs for the Indian economy has worn off. The government has taken measures such as cutting goods and services tax (GST) and providing support to exporters, but Mecklai...

RBI imposes ₹21 lakh penalty on PhonePe for violating pre-paid payment instrument regulations

by Team Small News | Sep 16, 2025 | RBI

The Reserve Bank of India (RBI) has imposed a penalty of ₹21 lakh on PhonePe Limited for non-compliance with its regulatory directions on Prepaid Payment Instruments (PPIs). The penalty was announced on September 12, 2025, and is a result of an inspection conducted by...

Former director raises concerns over Suraksha ARC’s dealings with Yes Bank, alleging suspicious fund transfers

by Team Small News | Sep 16, 2025 | RBI

A former director of Sapphire Land Development Pvt. Ltd. (SLDPL), Lakhminder Dayal Singh, has filed a petition with the National Company Law Tribunal (NCLT) in Mumbai, accusing Suraksha Asset Reconstruction Company (ARC) of fraud and regulatory violations in the...

Rupee dips to 88.30, down 4 paise, as trade tariff concerns escalate and RBI’s intervention cushion weakens

by Team Small News | Sep 15, 2025 | RBI

The Indian rupee experienced a decline of 4 paise against the US dollar on Monday, trading at 88.30. This depreciation is attributed to concerns over trade tariffs, foreign outflows, and expectations of a US rate cut. Despite this, the Reserve Bank of India’s...

Bank of Maharashtra set to launch new branch in GIFT City following approval from Reserve Bank of India.

by Team Small News | Sep 15, 2025 | Bank of Maharashtra, RBI

Bank of Maharashtra is set to open a branch in Gujarat International Finance Tec-City (GIFT City) after receiving approval from the Reserve Bank of India (RBI). This move is part of the bank’s effort to expand its presence in the country’s first...

More than 50% of foreign investments made by Indian companies are channeled through countries with low tax rates, according to data from the Reserve Bank of India.

by Team Small News | Sep 14, 2025 | RBI

According to recent data from the Reserve Bank of India (RBI), more than half of India’s outward foreign direct investment (FDI) is being routed through low-tax hubs. This phenomenon has raised concerns about tax evasion and round-tripping of funds. The data...
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Public Sector Banks

  • Bank of Baroda
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  • Canara Bank
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