SBI Reduces FD Interest Rates, New Rates Effective June 15th If you’re an SBI Fixed Deposit (FD) holder, get ready for some changes! The country’s largest public sector bank, State Bank of India, has reduced interest rates on all its FDs, with the new rates coming into effect on June 15th. This move follows the … Read more
The Reserve Bank of India (RBI) recently trimmed the repo rate by 50 basis points, bringing it down to 5.50%. This move is designed to inject vitality into the economy amidst cooling inflation. While good news for borrowers, it has distinct implications for your Fixed Deposit (FD) returns and the tax you’ll owe on that … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Conversion/Switch of Government of India SecuritiesGovernment of India announces the conversion/switch of its securities through auctionfor an aggregate amount of ₹25,000 crore (face value). The security-wise details … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Directions under Section 35A read with Section 56 of the Banking RegulationAct, 1949 – Pune Sahakari Bank Ltd., Shivajinagar, Pune – Extension of PeriodThe Reserve Bank of … Read more
Shri T. Rabi Sankar appointed as part-time Member of the 16th Finance Commission (XVIFC) Posted On: 07 JUN 2025 3:25PM by PIB Delhi The President has appointed Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC). He shall hold office from the date of … Read more
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan – Extension of period The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan vide … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001/Phone: 022 – 2266 0502 Directions under Section 35A read with Section 56 of the Banking RegulationAct, 1949 – The Karwar Urban Co-operative Bank Ltd., Karwar –Extension of PeriodThe Reserve Bank of India … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Money Market Operations as on June 05, 2025 @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).− Not Applicable / No … Read more
Great news for homeowners! The Reserve Bank of India (RBI) has made significant moves in 2025, slashing the repo rate by 100 basis points and reducing the Cash Reserve Ratio (CRR) by 100 basis points (from 4% to 3%). These changes mean big savings and shorter loan tenures for home loan borrowers. Understanding the Impact: … Read more
Here’s a concise overview of what’s moving the Indian stock market today, June 6, 2025, ahead of the RBI’s monetary policy announcement: Indian Markets Brace for RBI Policy Amid Mixed Global Cues Indian equities are set for a cautious start today as investors await the Reserve Bank of India’s (RBI) monetary policy decision. While Asian … Read more