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RBI has reviewed and updated the existing guidelines regarding the opening and operation of a deposit account for minors.

RBI Guidelines on Opening and Operating Deposit Accounts for Minors

Punjab National Bank

IDFC First Bank Limited

Kotak Mahindra Bank Limited

RBI imposes penalties totalling Rs 1.29 crore on three major banks for violating regulatory guidelines.

RBI Imposes Penalty of Rs 1.29 Crore on Three Major Indian Banks

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

Download Official Notification

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

Download Official Circular

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.

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RBI Guidelines on Opening and Operating Deposit Accounts for Minors

RBI Imposes Penalty of Rs 1.29 Crore on Three Major Indian Banks

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