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Mumbai, Apr 8 (PTI) Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago period, as per the bi-annual Monetary Policy Report released by the central bank. The improvement in asset quality was across sectors, including retail loans, services, i ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in the health of ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday decided to dispense with the Investment Fluctuation Reserve (IFR), an additional buffer which banks were required to maintain to hedge against depreciation in the value of investments, as a measure to support the capital adequacy of lenders. Banks currently maintain IFR as an additional buffer against depreciation in the value of their investments, subject to mark-to-market (MTM) requirements. Currently, commercial banks (including Local Area B ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday said HDFC Bank's board meeting minutes and other records are studied as part of supervision exercise, and reiterated that the largest private sector lender has not been found wanting on ethics and governance. "I would like to reiterate that at no point during our supervision or after examining their records did any governance or conduct-related material issue come to our notice. Under our regular supervision, board minutes are also reviewed. Cop ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A viral footage from 2018 has resurfaced online, showing CEO Brad Garlinghouse boldly declaring that Ripple was taking over SWIFT (Society for Worldwide Interbank Financial Telecommunications). At the time, the crypto payments company was still in its early growth phase, aggressively positioning itself as a faster and more cost-effective alternative to SWIFT. Today, Ripple has evo ...Read More >
Incidents in private banks are isolated, not systemic, says RBI Governor. Reserve Bank of India Governor Sanjay Malhotra on Wednesday said the country's banking system remains strong and safe, even as recent developments in some private sector banks raised concerns among investors. Speaking at the post-monetary policy press conference, the Governor said such incidents are limited and do not reflect any wider problem in the banking system. "I want to assure everyone that the banking system is ...Read More >
Mumbai: The Reserve Bank of India (RBI) has taken a cautious but balanced approach in its latest Monetary Policy Committee (MPC) meeting held on April 8, 2026, as it tries to support growth while keeping risks under control. The central bank has decided to keep the repo rate unchanged at 5.25 percent and continue with a neutral policy stance, signalling that it is watching both growth and inflation closely. India's economy showed strong performance in FY26, with real GDP growth estimated at 7.6 ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in ...Read More >
New Delhi, Apr 8 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the Pradhan Mantri MUDRA Yojana, focused on funding the unfunded, will continue to empower entrepreneurs to make them active participants in the nation's journey to become Viksit Bharat by 2047. On the occasion of the 11th anniversary of the Pradhan Mantri MUDRA Yojana (PMMY), Sitharaman said India witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence ...Read More >
MUMBAI: Sanjay Malhotra on Wednesday said that the Reserve Bank of India has not found any major governance issues in HDFC Bank, even after the bank's chairman stepped down citing ethical disagreements. Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank's governance. "Existing banking laws are clear and effective, and there is currently no need for any changes, " he said. "However, the central ...Read More >
The last date to apply is April 18, 2026. Students can apply for admission in intermediate courses of Arts/Science/Commerce/Agriculture/Vocational in different schools and colleges through an online Common Application Form (CAF) available on the official website. IIT Madras Admission 2026: MTech, MSc and MA programs application process begins, apply link here 1. Visit the official website of OFSS Bihar at ofssbihar.net. 2. Click on OFSS Bihar 11th Admission 2026 registration link available on ...Read More >
Bank of Baroda (BoB) has unveiled "bob SAMVAD", an AI-powered multilingual conversational platform aimed at transforming customer interactions at its branches. Designed to eliminate language barriers, the industry-first platform enables customers and branch staff to communicate seamlessly with each other in their preferred language, according to a PIB statement issued on behalf of the Ministry of Finance. Developed entirely in-house, bob SAMVAD leverages AI-driven speech and language technolog ...Read More >
OFSS Bihar 11th Admission 2026: The deadline for application submission is April 18. OFSS Bihar 11th Admission 2026: The Bihar School Examination Board (BSEB) has opened the Online Facilitation System for Students (OFSS), allowing students to register for Class 11 admissions for 2026. Students who have cleared the Class 10 board examination in the state can visit the official website of OFSS Bihar at ofssbihar.net. The deadline for application submission is April 18. Students can apply for adm ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find any thing of material concern. He said the RBI i ...Read More >
New Delhi [India], April 8 (ANI): The Pradhan Mantri MUDRA Yojana (PMMY) launched by Prime Minister Narendra Modi on April 8, 2015, is marking 11 years of success in strengthening India's grassroots entrepreneurs. This initiative has been designed to bridge the gap in financial accessibility, offering streamlined, easy collateral-free loans up to Rs 20 lakh to support small-scale business ventures for non-corporate and non-farm income-generating activities. Micro, Small, and Medium Enterprises ...Read More >
NEW DELHI: The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over Rs 40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday. The Ministry of Finance stated that the scheme which was launched by Prime Minister Narendra Modi in 2015, aimed at "funding the unfunded", provides collateral-free loans of up to Rs 20 lakh to micro and small non-corporate, non-farm enterprises. Highlighting the progress, Finance Minister Nirmala Sitharaman s ...Read More >
The Bihar School Examination Board (BSEB) has announced that Bihar OFSS Class 11 Admission 2026 will start from April 8 for the academic year 2026-28. Online registration will be conducted through the OFSS portal. The Bihar OFSS Class 11 admission 2026 will be available for students who have passed their Class 10 exam from any recognised board and can enrol in science, commerce, arts and agriculture streams for intermediate courses. A centralised admission process will open admission for lakhs ...Read More >
New Delhi [India], April 8 (ANI): Prime Minister Narendra Modi on Wednesday hailed the impact of the Pradhan Mantri Mudra Yojana (PMMY) on its 11th anniversary, stating that the initiative has been pivotal in fostering self-employment and making the youth of the nation self-reliant. In a post on X, the Prime Minister emphasised that providing the right opportunities is key to individual and national growth. "Exactly 11 years ago, the Pradhan Mantri Mudra Yojana, launched today, has proven to b ...Read More >
The Bihar School Examination Board (BSEB) has officially initiated the Class 11 admission cycle for the 2026-28 academic session through its Online Facilitation System for Students (OFSS). As per the notification, the online registration process will commence on April 8, 2026, enabling eligible students to apply for intermediate courses across affiliated schools and colleges in Bihar. The application link will be activated on the official OFSS portal, ofssbihar.net, where candidates can submit t ...Read More >
New Delhi, April 8: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflatio ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday estimated India's real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions. The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand. For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said ...Read More >
MUMBAI: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2, 775 points to 77, 392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23, 938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector sto ...Read More >
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflation has ea ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but no ...Read More >
Mumbai, April 8: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2,775 points to 77,392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23,938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal secto ...Read More >
Mumbai: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2,775 points to 77,392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23,938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector stocks ...Read More >
Mumbai, April 8 (SocialNews.XYZ) Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2,775 points to 77,392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23,938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT ...Read More >
Mumbai: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2,775 points to 77,392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23,938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector stocks ...Read More >
IN A significant decision, the Supreme Court Tuesday ruled that account holders/ borrowers have no legal right to a personal/ oral hearing before the account is declared or classified as "fraud" by the bank as per the RBI's "Master Directions". A bench of Justices J B Pardiwala and K V Viswanathan said: "We are persuaded to accept the stand of the RBI that the procedure of issuing a show-cause notice, furnishing of the evidentiary material, eliciting a reply and the obligation to pass a reasone ...Read More >
Mumbai, April 7: Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors' sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent ...Read More >
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