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The State Bank of India dropped its lending rates by 25 basis points after RBI reduced the repo rate by 25 basis points.

SBI Reduces Lending Rate by 25 Basis Points

The Reserve Bank of India (RBI) says that it will purchase government bonds of worth Rs 40,000 crore on April 17, 2025, by using open market operation (OMO).

RBI to Purchase Government Bonds of Worth Rs 40,000 crore

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RBI has imposed a fine of Rs. 3,20,000 on Citibank N.A. for violating Section 10(4) of the Foreign Exchange Management Act (FEMA), 1999.

RBI Fines Citibank Rs. 3.2 Lakh for FEMA Violation

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The circular relates to the changes made in the penal interest rates applicable for shortfalls in the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.

Penal Interest On Shortfall In CRR And SLR Requirements-Change In Bank Rate

RBI has announced the withdrawal of 20 regulatory guidelines related to cheques after reviewing the existing regulatory guidelines regarding cheque.

Twenty Circulars Withdrawn by RBI Amid Review of Regulatory Guidelines: Know the List

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RBI has further extended the period of directives imposed on Shirpur Merchants’ Co-operative Bank Ltd. by another three months.

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SBI Reduces Lending Rate by 25 Basis Points

RBI to Purchase Government Bonds of Worth Rs 40,000 crore

RBI Fines Citibank Rs. 3.2 Lakh for FEMA Violation

Penal Interest On Shortfall In CRR And SLR Requirements-Change In Bank Rate

Twenty Circulars Withdrawn by RBI Amid Review of Regulatory Guidelines: Know the List

RBI Extends Curbs on Shirpur Coop Bank Over Declining Financial Position