RBI Proposes Elimination of Pre-Payment Charges on Business Loans for Individuals and MSEs

By BPN News Desk February 22, 2025

Uncategorized

The Reserve Bank of India (RBI) has proposed the removal of foreclosure charges and pre-payment penalties on all floating rate loans extended to individuals and Micro and Small Enterprises (MSEs), including those taken for business purposes. This initiative aims to promote responsible lending

Economy National

India’s Forex Reserves Increase by $7.6 Billion

By BPN News Desk February 14, 2025

India’s foreign exchange reserves have surged by $7.6 billion, marking the third consecutive week of expansion. This increase brings the total reserves to approximately $704.89 billion, reflecting strong foreign investments and a stable macroeconomic outlook. Breakdown of Forex Reserves The foreign exchange reserves comprise multiple components that contribute to

Economy National

Government and RBI Collaborate to Foster Economic Growth

By BPN News Desk February 10, 2025

Finance Minister Nirmala Sitharaman has highlighted the collaborative efforts between the Indian government and the Reserve Bank of India (RBI) to ensure the nation’s economic growth remains on a steady trajectory. She emphasized the importance of affordable interest rates to support industry expansion and capacity building. Government and RBI’s Unified

Business Finance

RBI Introduces Exclusive Domains to Enhance Digital Payment Security

By BPN News Desk February 9, 2025

In a strategic move to bolster digital payment security and mitigate rising cyber threats, the Reserve Bank of India (RBI) has announced the introduction of exclusive internet domains for financial institutions. This initiative aims to enhance trust in digital banking and payment services. Addressing Rising Digital Payment Frauds The RBI has expressed significant concern

Business Finance

RBI Governor Highlights Need to Enhance Credit Accessibility

By BPN News Desk February 9, 2025

In a recent address, Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized the central bank’s ongoing commitment to facilitating credit accessibility within the financial system. He acknowledged that while efforts have been made, there remains “room for improvement” in ensuring the ease of credit for businesses and individuals. RBI’s Focus

Economy National

RBI Reduces Repo Rate to 6.25% to Stimulate Economic Growth

By BPN News Desk February 7, 2025

In a move to invigorate the slowing economy, the Reserve Bank of India (RBI) has reduced its key policy rate for the first time in nearly five years. The Monetary Policy Committee (MPC) unanimously decided to lower the repo rate by 25 basis points, bringing it down to 6.25%. This decision reflects the central bank’s […]

Finance

RBI Announces Measures to Inject ₹1.5 Lakh Crore into Banking System

By BPN News Desk January 28, 2025

The Reserve Bank of India unveils initiatives to infuse ₹1.5 lakh crore into the banking system, aiming to address liquidity deficits and stabilize interest rates.

Finance

RBI Revises FEMA Regulations to Boost Cross-Border Rupee Transactions

By BPN News Desk January 16, 2025

The RBI has updated FEMA regulations, enabling cross-border rupee transactions and empowering exporters with foreign currency accounts to promote INR's global acceptance.

Finance

RBI May Limit Forex Interventions to Keep Rupee Competitive

By BPN News Desk January 13, 2025

RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.

Finance

India’s Forex Reserves Decline by $5.69 Billion to $634.58 Billion

By BPN News Desk January 12, 2025

India's forex reserves fall by $5.69 billion, reaching $634.58 billion.