On August 6, 2025, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 5.5%. This decision, made after the latest Monetary Policy Meeting, holds significant implications for borrowers and investors. For Home Loan Borrowers The news is a relief for both existing and prospective homebuyers. For Investors The RBI’s … Read more
Directorate of Enforcement (ED), Bhopal Zonal Office has conducted search operations in the caseof M/s Advantage Overseas Pvt. Ltd. (AOPL) under the provisions of Prevention of MoneyLaundering Act (PMLA), 2002. The search operation led to the recovery of substantial incriminatingevidences, including documents indicating the existence of multiple companies opened in the nameof employees/ Benamidars for … Read more
India’s Forex Reserves Climb to $698.192 Billion India’s foreign exchange reserves rose by $2.703 billion to reach a total of $698.192 billion for the week ending July 25. This increase, reported by the RBI on August 1, follows a drop of $1.183 billion in the preceding week. The growth in reserves was driven by increases … Read more
The Banking Laws (Amendment) Act, 2025, which became law on April 15, 2025, is rolling out key changes starting August 1, 2025. These updates aim to strengthen our financial system, improve how banks are run, and better protect your money. What’s Changing and What It Means for You The upcoming changes impact capital requirements, bank … Read more
The Central Bureau of Investigation (CBI) has arrested today, i.e. 24.07.2025 a proclaimed offender Shri Bablu Alias Ravindra Yadav from Gulawati, Bulandshahar, U.P. in a Bank fraud case. The bank fraud case was registered by CBI on 05.12.2011 on the basis of written complaint of AGM, State Bank of India, Meerut, U.P. alleging that Mr. … Read more
Directorate of Enforcement (ED), Hyderabad Zonal Office has conducted search operations on22.07.2025 at six locations in Hyderabad under the provisions of the Prevention of Money Laundering Act(PMLA), 2002 in connection with a bank fraud case against M/s SEW Infrastructure Ltd. (SIL), M/s Prasad &Company (Project Works) Pvt. Ltd. (PSPWPL), group companies and their promoters / … Read more
The Central Bureau of Investigation (CBI) has traced and arrested a proclaimed offender Smt. Nasreen Taj, in a high-value bank fraud case, pursuant to sustained and meticulous efforts made by the investigating team. The instant bank fraud case was registered by CBI on 15.04.2009 against accused persons including, the then Branch Manager of Syndicate Bank, … Read more
SBI Research Predicts Another RBI Rate Cut Sooner Than You Think SBI Research anticipates another repo rate cut by the Reserve Bank of India (RBI) in 2025, a 25 basis point (0.25%) reduction, and it could happen sooner than many expect. This comes after the RBI has already lowered the repo rate by a significant … Read more
Bank of Baroda is set to waive minimum balance charges for all standard savings accounts starting July 1, 2025. This means customers with these accounts won’t be charged if their monthly average balance falls short. Who Benefits? This customer-friendly move applies to everyone holding a standard savings account with Bank of Baroda. However, it’s important … Read more
