Banking System Liquidity Tightens
Liquidity in India’s banking system is tightening due to upcoming GST and advance tax payments. A recent Variable Rate Repo (VRR) auction saw heightened demand,…
Banking
RBI Podcast Series and Initiatives
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Karnataka Cabinet Approves Fund Transfer Guidelines
The Karnataka Cabinet has approved new guidelines to enable surplus fund transfers between profit-making and financially constrained government corporations, reducing reliance on high-interest loans. For…
RBI Increases UPI Lite Limits
The Reserve Bank of India (RBI) has increased the UPI Lite wallet limit from ₹2,000 to ₹5,000 and raised the offline transaction limit from ₹500…
India’s UPI Milestone
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Aadhaar Enabled Payment System (AEPS)
The Aadhaar Enabled Payment System (AEPS) allows users to access banking services using their Aadhaar number and biometric authentication. Managed by the National Payments Corporation…
PAN 2.0 Project Approved by Union Cabinet
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Banking Laws (Amendment) Bill, 2024: A Comprehensive Analysis
The Banking Laws (Amendment) Bill, 2024 is a significant legislative effort aimed at modernizing India’s banking sector and ensuring its alignment with contemporary economic and governance needs.…
State Bank of India $1.25 Billion Loan
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