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
6:10 PM
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The Indian rupee is unlikely to see a sharp fall soon, having already depreciated 4% this year and trading in a narrow band. Union Bank of India anticipates the rupee to remain range-bound between 88.80 and 89.50 through December, with potential strengthening contingent on equity inflows or progress on the India-US BTA.
7:10 AM
Blogger
The Reserve Bank of India has undertaken a massive overhaul, consolidating over seven decades of regulations into 244 master directions. This significant move eliminates 9,446 circulars, simplifying compliance for lenders and enhancing ease of doing business. The reform aims to clarify rules, including a new digital banking directive requiring explicit consent and transaction alerts.
11:10 PM
Blogger
The Reserve Bank has concluded a massive six-month overhaul, clearing out 5,673 outdated circulars and consolidating over 3,800 into 244 master directions. This significant regulatory streamlining, involving 9,446 circulars in total, aims to simplify compliance for businesses and reduce costs. The move, driven by a focus on ease of doing business, also introduces seven new directions for digital banking.
12:10 AM
Blogger
The European Central Bank's October meeting minutes indicate interest rates are currently appropriate, with potential for cuts in 2026. While inflation is near the 2% target, concerns about slowing wage growth and eurozone momentum prompt openness to future easing. The ECB remains vigilant about the economy's ability to sustain the target.
10:10 PM
Blogger
A unified portal is being developed by the finance ministry and RBI to help citizens easily find and claim unclaimed assets like bank deposits and shares. This initiative aims to streamline recoveries across the financial sector, with outreach efforts already returning over Rs 1,887 crore. The platform promises greater convenience and transparency for reclaiming rightful dues.
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