Financial News

  • RBI Monetary Policy: Growth Outlook Brighter With Unchanged Rates

    April 15, 2024

    In the latest monetary policy of the RBI statement for the 2024-25 financial year, the Reserve Bank of India (RBI) opted to maintain the key policy repo rate at 6.5%. This marks the seventh consecutive time the rate has remained unchanged. The decision, widely anticipated by analysts, reflects India's strong…

  • RBI's New Hedging Rule Expected to Slash India's Currency Derivatives Trading by 80%

    April 15, 2024

    RBI's New Hedging Rule Expected to Slash India's Currency Derivatives Trading by 80% The Reserve Bank of India's (RBI) new regulation requiring exchange-traded rupee derivative transactions is expected to cause a dramatic plunge in trading volumes. According to industry experts, the decline can be more than 80%, potentially crippling a…

  • Income Tax Slabs Remain Unchanged for FY 2024-25

    April 12, 2024

    The Income Tax Department, under the Ministry of Finance, has confirmed some welcome news for taxpayers! There will be no changes to income tax slabs for the financial year 2024-25. This means the existing tax brackets will continue to apply from April 1, 2024. The decision to maintain the status…

  • Indian Banks to Open on Saturday-Sunday, March 30th & 31st for Year-End Transactions

    March 26, 2024

    ‘In a significant move to facilitate year-end financial transactions, several Indian bank branches will be open this weekend, i.e. Saturday-Sunday, March 30 and 31, 2024. This decision, made at the request of the Government of India, is crucial for the smooth handling of government receipts and payments for the financial…

  • AU Small Finance Bank & Fincare Small Finance Bank Merge!

    March 08, 2024

    The Reserve Bank of India (RBI) has approved the merger of Fincare Small Finance Bank Ltd and AU Small Finance Bank Ltd, which will take place on April 1, 2024. Under the agreement, shareholders of Fincare Small Finance Bank will receive 579 equity shares of AU Small Finance Bank for…

  • FASTag Explained: Simplifying Toll Payments Across India

    March 08, 2024

    With the recent modifications in Paytm's payment structure for FASTag recharges, different platforms are pacing to offer alternatives. With Paytm altering its payment methods for FASTag recharges, a wide market has opened its gates for different financial platforms. Since such a great shift is happening in the world of finance,…

  • Union Budget 2024 Live Updates

    February 01, 2024

    Finance Minister Nirmala Sitharman is presenting the Interim Budget 2024 today, the last one before the Lok Sabha elections. The budget is expected to focus on infrastructure, income tax, and job creation amid the challenges posed by the Covid-19 pandemic and the economic slowdown. Sitharaman will also highlight the achievements…

  • Urban Money Aims Higher in FY24 

    October 12, 2023

    Urban Money, the fintech division of Square Yards, has announced that it anticipates the facilitation of Rs. 30,000 crore in home loan disbursements in the present financial year.Urban Money is presently functioning throughout 250 cities and has already facilitated disbursals of around INR 15,370 crore in the last financial year…

  • HDFC Bank Merger: Changes for HDFC FD Customers; Annual Results and Dividend Awaited

    June 15, 2023

    In a significant development in the financial sector, HDFC Ltd and HDFC Bank have recently announced their long-awaited merger. The merger between these leading entities, HDFC and HDFC Bank, will bring about several changes and opportunities for customers and shareholders. HDFC, the leading housing finance company, and HDFC Bank, one…

  • Currency Revamp Countdown: Deposit or Exchange Your Rs 2000 Notes

    May 23, 2023

    After the unexpected turn of demonetisation, banning the INR  2,000 notes in India has sent shockwaves through the citizenry. The abrupt announcement has left people in a state of bewilderment, concerned about the impending chaos that lies ahead. In a twist that caught the nation off guard, the Reserve Bank…

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