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The Reserve Bank of India announced that 98.47% of Rs 2,000 denomination notes have been returned since the withdrawal announcement in May 2023. The total value of these notes in circulation plummeted…
Reserve Bank of India's proposed shift to an expected credit loss framework could cause a one-time net impact of up to 120 basis points on banks' Common Equity Tier-1 ratios. Crisil Ratings says the g…
Non-banking financial companies are largely well-positioned for expected credit loss provisioning norms, per Kotak Institutional Equities. Most entities already maintain buffers above minimum requirem…
Haryana Chief Minister Nayab Singh Saini reviewed short-term action plans for Police, Jails, and Services under Haryana Vision 2047. He directed comprehensive steps to curb cybercrime, including stati…
Crisil Intelligence expects the RBI's Monetary Policy Committee to maintain current policy rates through the fiscal year, as growth concerns outweigh inflation risks. The report highlights that produc…
The Reserve Bank of India has launched Mission SAKSHAM to strengthen the Urban Co-operative Banking sector through a nationwide training program. The initiative aims to train approximately 1.40 lakh p…
The Reserve Bank of India launched 'Mission SAKSHAM' to strengthen urban cooperative banks through training. The initiative targets 1.4 lakh participants including board members and staff. It focuses…
The Reserve Bank of India released final guidelines on asset classification and provisioning, introducing the Expected Credit Loss (ECL) approach effective April 1, 2027. The new framework requires ba…
RBI Governor Sanjay Malhotra visited a financial literacy camp in Dehradun organized by the CRISIL Foundation. He emphasized the importance of financial literacy for empowering citizens and strengthen…
RBI Governor Sanjay Malhotra visited a financial literacy camp in Sahaspur, Uttarakhand, organized by the CRISIL Foundation. He stressed the importance of financial awareness and urged citizens to uti…
The Reserve Bank of India will auction Rs 14,500 crore worth of State Government Securities on April 28, 2026. Participating states include Assam, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pr…
Telangana Chief Minister Revanth Reddy flagged off India's first private orbital rocket, Vikram-1, developed by Skyroot Aerospace, to Sriharikota. The CM stated the state is emerging as an aerospace h…
