A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26.
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India's economic growth is robust, with concerns over high crude oil prices being exaggerated, according to World Bank Executive Director Neelkanth Mishra. He highlighted strong domestic demand and refining margins as buffers, suggesting growth could exceed 8% and remain in the 7.5-8% range even with elevated oil prices. Mishra believes the economy is well-positioned to absorb price shocks.
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Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.
4:10 AM
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The Reserve Bank of India is introducing new rules for bank deposit interest rates. Banks must now publish their interest rate schedules online each morning and stick to them throughout the day. This ensures customers know the exact rates available. Additionally, banks can now consider withdrawal risk when setting rates for large deposits, adding a fourth factor to pricing.
1:10 AM
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