The Reserve Bank of India (RBI) is tightening its grip on credit information companies (CICs) and has laid out a roadmap aimed at improving customer awareness, data accuracy and real-time reporting. According to a Zee Business report, the RBI is actively working on improving the operations of credit bureaus. It has directed regulated entities like banks…
Amid the global economic uncertainties, the Reserve Bank of India (RBI) has indicated said that India continues to be a strong engine of global growth, supported by strong macroeconomic fundamentals, resilient banks and healthy corporate balance sheets. In its Financial Stability Report (FSR) for June 2025, which it published on Monday, the central bank also flagged…
Despite rising global uncertainties, India’s economy continues to demonstrate resilience across sectors, according to the Reserve Bank of India’s (RBI) Monthly Economic Bulletin for June 2025. The central bank’s latest assessment points to strong economic momentum in May across industrial and services sectors, supported by stable financial conditions and easing inflationary pressures. The RBI noted…
The Reserve Bank of India (RBI) has announced an extension in trading hours for key short-term money markets, following recommendations from a recently formed working group. Starting July 1, the interbank call money market will operate from 9 am to 7 pm, up from the current 9 am to 5 pm. Meanwhile, trading hours for…
A bank locker or safe deposit box is rented out by banks to their customers to keep their valuable items and belongings. Banks use improved security measures such as 24×7 surveillance cameras, alarms, restricted areas, and more to reduce the danger of damage and theft, and charge fees for that from customers. The Reserve Bank…
In a move aimed at tightening the regulatory framework around project lending, the Reserve Bank of India (RBI) has issued fresh guidelines for banks financing infrastructure and commercial real estate (CRE) projects. These norms, which will come into effect from October 1, 2025, seek to bring uniformity in how banks handle delays and provisioning for…