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Gross NPAs drop 6.53%: Minister of State in FinMin Pankaj Chaudhary in Rajya Sabha

Manu Sharma

The gross non-performing assets (NPAs) of India’s public sector banks have seen a substantial decline, falling from 9.11% in March 2021 to just...

ICAI’s Special Training Helps Police and Agencies Prevent Financial Crimes

GST Implications on Penal Charges Under RBI’s 2023 Directions: All You Need to Know

RBI Eases KYC Rules for Low-Risk Customers: Extended Deadline, BC Support, and Mandatory Advance...

RBI Clarifies Prudential Treatment of PSL Shortfall Contributions by Urban Co-operative Banks [Read...

Monetary Matters: What if ₹1 = $1 happens?

"Saudi Arabia makes a billion dollars a day, okay? They make a billion dollars a day," once remarked Donald Trump, in his characteristic style, highlighting global wealth disparities. Amidst such...

PAN Card Duplication: Taxpayer Flags Loan Fraud, Complaints to RBI and Income Tax Dept

A taxpayer recently raised a serious concern on social media platform ‘X’, alleging that his PAN card had been allotted to another individual. He discovered the issue upon learning about a loan...

RBI Monetary Policy Committee Reduces Policy Repo Rate by 50 bps to 5.50 Percent

The Reserve Bank ofIndia’s Monetary Policy Committee (MPC) concluded its 55th meeting following sessions that lasted three days from June 4 to June 6, 2025.The meeting was presided over by Governor...

RBI Issues New Update on Rs. 20 Denomination Notes: Here Are 2 Key Things You Should Know

The Reserve Bank of India (RBI) has announced that it will soon issue new ₹20 denomination banknotes in the Mahatma Gandhi (New) Series. The apex bank issued a new press release on 17th May 2025. ...

RBI update - ₹20 note - New currency - taxscan

FinMin exempts Indian Bank from Banking Regulations Act for exceeding Shareholding in ASREC (India) Limited [Read Notification]

The Ministry of Finance has announced a notification allowing Indian Bank a temporary exemption from certain provisions of the Banking Regulation Act, 1949. Specifically, the bank can now continue...

RBI Mandates Use of PRAVAAH Portal for All Regulatory Applications from May 1 [Read Notification]

The Reserve Bank of India (RBI) issued a notification dated April 28, 2025, announcing that all regulatory applications, authorisations, and license requests must be submitted exclusively through the...

RBI Extends Deadline for Banks to Implement Note Sorting Machine Standards

The Reserve Bank of India (RBI) issued a notification on April 24, 2025, extending the deadline for banks to implement the standards for Note Sorting Machines. These standards set by the Bureau of...