RBI Boosts Bank Customer Compensation to ₹30 Lakh
The Reserve Bank of India has unveiled a bold proposal to empower banking ombudsmen. They may now award up to ₹30 lakh in compensation to aggrieved bank customers. This move…
RBI Rate Cut in September Amid Low Inflation and GST Reforms
Inflation in India is set to hit a historic low not seen since 2004. This decline is driven by GST rationalization and improving India-US trade relations. A September rate cut…
Corporates Favor Bond Market Over Bank Loans: RBI Data Shows Shift
The Reserve Bank of India (RBI) has revealed a notable trend in corporate fundraising. Large companies are increasingly ditching traditional bank loans in favor of market-based instruments like commercial papers…
RBI Expected to Hold Repo Rate at 5.5% Amid Economic Uncertainties
The Reserve Bank of India (RBI) is widely expected to keep the repo rate unchanged at 5.5% in its upcoming monetary policy review. This comes after three consecutive rate cuts…
SBI Cuts Short-Term FD Rates as Market Eyes Monetary Policy Shift
The State Bank of India (SBI), the country’s largest public sector lender, has quietly adjusted its fixed deposit interest rates on select short-term tenures, signaling a possible shift in the…