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RBI Introduces New Liquidity Coverage Ratio Guidelines to Address Tech-Driven Withdrawal Risks

The Reserve Bank of India (RBI) has issued draft guidelines for banks, mandating them to maintain a higher stock of liquid securities as a...

RBI Tightens Regulations on Cash Pay-Out Services

In a move aimed at enhancing financial transparency and security, the Reserve Bank of India (RBI) has announced new regulations for cash pay-out services....

FAQs Released by CBDT on New Capital Gains Tax Regime Proposed in Union Budget 2024-25

What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? The taxation of capital gains...

Union Budget 2024-25: Rs 6.22 Lakh Crore Allocated to Ministry of Defence, Highest Among Ministries; 4.79% Higher from FY 2023-24

In the Regular Union Budget of Financial Year (FY) 2024-25, Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US $75 Billion),...

Union Budget 2024: Key Employment Schemes Introduced by Finance Minister Nirmala Sitharaman

In the Union Budget 2024-2025 presented on Tuesday, Finance Minister Nirmala Sitharaman announced several key employment-linked incentives aimed at supporting first-time employees, employers, and...

Union Budget 2024-25 Highlights

Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman, while presenting the Union Budget 2024-25 in Parliament today said that India’s inflation continues to...

Kotak Bank Unveils Enhanced Kotak811 Mobile Banking App with Advanced Features

Kotak Mahindra Bank has announced a major update to its Kotak811 mobile banking app, promising a revolutionary experience for millions of customers across India....

PNB Signs MoU with Steel Authority of India Limited to Offer Concessional Loans to SAIL Employees

To enhance the financial well-being of Steel Authority of India Limited (SAIL) employees, Punjab National Bank (PNB), a public sector bank, has signed MoU...

India can Become World’s Second Largest Economy by 2031, Says Deputy RBI Governor

India has the potential to become the world's second-largest economy by 2031 and the largest by 2060, according to Michael Debabrata Patra, Deputy Governor...

Jio Financial Services Receives RBI Approval to Become Core Investment Company

Jio Financial Services Ltd. announced today that it has received approval from the Reserve Bank of India (RBI) to convert from a Non-Banking Financial...

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