RBI
Finance

RBI Allows Loans Against FX Deposits

By BPN News Desk
The Reserve Bank of India has clarified that domestic banks can extend loans to non-residents against foreign currency deposits, including through their overseas branches, as part of efforts to attract more foreign exchange inflows. RBI Allows Loans Against FX Deposits The RBI said Indian banks may offer loans to non-residents against Foreign Currency Non-Resident Bank
RBI
Business Finance

RBI Cancels Registration Of 135 NBFCs

By BPN News Desk
The Reserve Bank of India has cancelled the certificates of registration of 135 non-banking financial companies in a major regulatory action aimed at tightening oversight of the NBFC sector. RBI Cancels Registration Of 135 NBFCs The central bank has cancelled the certificates of registration of 135 NBFCs, meaning these entities can no longer operate as […]
RBI
Business Finance

Indian Banks Rise On RBI Foreign Deposit Push

By BPN News Desk
Indian banking stocks gained on Tuesday after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility aimed at attracting overseas foreign currency deposits and supporting dollar inflows. Indian Banks Lead Market Gains The Nifty Bank index rose more than 1% in morning trade, outperforming the broader market. The Nifty […]
RBI
Business Finance

RBI Keeps Repo Rate Unchanged At 5.25%

By BPN News Desk
The Reserve Bank of India’s Monetary Policy Committee has kept the repo rate unchanged at 5.25%, taking a cautious approach as the West Asia conflict, crude oil prices and currency pressure create fresh risks for inflation and growth. RBI MPC Holds Repo Rate At 5.25% RBI Governor Sanjay Malhotra announced that the six-member Monetary Policy […]
GST
Finance

India May GST Revenue Rises To Rs 1.94 Lakh Crore

By BPN News Desk
India’s gross Goods and Services Tax revenue rose 3.2 percent year-on-year to Rs 1,94,184 crore in May 2026, according to official data released on June 1. The figure, however, was lower than April’s record collection, showing a moderation after a strong start to the financial year. May GST Revenue Rises 3.2 Percent The May GST […]
rupee
Business Finance

RBI Plans Polymer Rupee Notes Pilot

By BPN News Desk
The Reserve Bank of India is set to revive plans for polymer rupee notes as currency demand rises, with a pilot project expected to test plastic banknotes for public circulation. RBI Polymer Rupee Notes Plan The RBI is considering polymer-based banknotes because they are expected to last longer than paper notes and reduce replacement costs […]
HDFC
Business Finance

HDFC Bank Shares Fall On Deposit Payment Report

By BPN News Desk
HDFC Bank shares fell on Wednesday after a report alleged that the lender made payments to a Maharashtra government department to attract large deposits. The bank rejected assumptions of wrongdoing and said it follows established internal review and control processes. HDFC Bank Shares Decline Shares of HDFC Bank fell as much as 2.5% during trade […]
SBI
Business Finance

SBI Strike On May 25-26 Deferred

By BPN News Desk
The proposed nationwide strike by State Bank of India employees on May 25 and 26 has been deferred after talks between SBI management and union representatives. SBI branches are now expected to function normally on both days. SBI Staff Strike Deferred After Talks The All India State Bank of India Staff Federation had earlier called […]
RBI
Business Finance

RBI Approves Record ₹2.87 Lakh Crore Dividend

By BPN News Desk
The Reserve Bank of India has approved a record ₹2.87 lakh crore surplus transfer to the central government for the last financial year. The payout is higher than last year’s ₹2.69 lakh crore transfer, but remains below market expectations. RBI Dividend To Government Hits Record High The RBI board approved the ₹2.87 trillion surplus transfer […]