With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure

The lockdown-like curbs cast a dark shadow over India's ongoing economic revival. In fact, after the pent-up demand of July-Dec period subsided, the economy had started already losing momentum beginning January 2021, well before the second Covid wave intensified

Citi has announced today its intention to exit from its consumer franchises in thirteen markets across the two regions which include India. This means  the oldest foreign banking entity will be exiting its consumer financing operations in the near future

This decision comes a day after the Central Board of Secondary Examination (CBSE) had postponed exams for Class 12 and cancelled exams for Class 10. These announcements have been made amid surging COVID-19 cases in the country

Even as the NPS is a market-linked product, earlier the subscribers could not get the NAV of the same day on which they invested the money. With D-Remit, the option to get the same-day NAV is now available under NPS

The second Covid wave is also expected to upset the RBI's inflation calculation as local lockdowns impact supply chain and logistics

The non-banking finance company with market capitalisation of Rs 2.84 lakh crore has raised the substantial sum in March alone amid the second Covid wave

Bank holiday today: Although bank branches will remain closed, ATMs will remain operational. In order to avail of banking services, people can use net banking or mobile banking

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

The latest Business Today Business Confidence Index (BCI) shows slight improvement in overall sentiment despite the pessimism around economic and business issues

Maharashtra COVID-19 lockdown: All public places and establishments, except those offering essential services, will be closed, CM Thackerary said

Consequently, the extant operational instructions issued by the RBI under the scheme shall continue to remain in force up to June 30, 2021, the banking regulator said in a statement

Share of IDBI Bank touched an intraday high of Rs 36.5, rising 7.99% against the previous close on BSE.

During the process of selling of AT-1 bonds, individual investors were not informed about all the risks involved in subscription of these bonds, SEBI said.

Deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed

Inflation in food basket, or Consumer Food Price Index (CFPI), rose to 4.94 per cent in March from 3.87 per cent in February, government data showed

A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021.

Though mentioned in the RBI calendar, these holidays are observed on the basis of the festivals celebrated in each state

Nomura says revision in GDP forecast reflects impact second Covid-19 wave could have on Indian economy. It expects second wave to result in weaker sequential momentum in Q2 (Q1FY22)

The study highlighted that the imposition of service charges resulted in undue collections to the tune of over Rs 300 crore from among nearly 12 crore Basic Savings Bank Deposit Account (BSBDA) holders of SBI during the period 2015-20