The Reserve Bank of India (RBI) announced its latest monetary policy on April 8. As expected, there has been no change in the repo rate, which remains at 5.25%. Experts had already predicted that the RBI would not change rates in April. The last repo rate cut was made in December 2025, and even in … Read more
Kotak Mahindra Bank has introduced a major upgrade for corporate clients—instant, one-click loan disbursals. With this move, the bank becomes the first in wholesale banking to offer funds within seconds, instead of hours or days. According to Anu Aggarwal, the process has been reduced from 24 hours to just a few seconds—a big shift in … Read more
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 5.25% on April 8. This means the central bank is continuing its pause on changing interest rates. Why the pause? The RBI is taking a careful and balanced approach. While inflation within India remains stable, global factors like geopolitical tensions … Read more
If you are an investor, the new rules by the Reserve Bank of India (RBI) may look complex at first. But when explained simply, they mainly focus on allowing more foreign investment while keeping strict control for stability. Here’s an easy breakdown of what has changed and how it may affect you. What Has RBI … Read more
The Reserve Bank of India has cancelled the licence of Shirpur Merchants Co-operative Bank due to serious financial concerns. According to the RBI, the bank did not have enough capital or stable income to continue operations. As a result, the bank officially stopped all services at the end of April 6, 2026. Authorities in Maharashtra … Read more
The Reserve Bank of India is working on a major upgrade in banking convenience under its Payments Vision 2028 plan. Soon, switching your bank account could become as easy as changing your mobile network—without changing your account number. This move aims to improve customer experience, reduce hassle, and give users more control over their finances. … Read more
The Reserve Bank of India has introduced a major change that will make life easier for international travelers. Now, passengers can exchange Indian rupees into foreign currency after completing immigration and customs at international airports. This facility will be available at forex counters located in departure areas. Earlier, this option was limited, causing inconvenience for … Read more
The Reserve Bank of India has taken fresh steps to control speculation in the currency market as the Indian rupee continues to weaken. In its latest move, the RBI has restricted banks from offering certain offshore forex contracts, aiming to reduce risky trading practices. What Has RBI Banned? The RBI has stopped banks from offering … Read more
If you also depend on UPI apps for every payment and prefer making most of your payments online, then this update is important for you. From April 1, 2026, several major changes in digital payment and banking rules have come into effect in India. The Reserve Bank of India (RBI) has introduced stricter regulations to … Read more
The Reserve Bank of India (RBI) has extended a key benefit for exporters to help them deal with ongoing global disruptions. Exporters will now get up to 450 days (about 15 months) to complete export-related payments. This relief is available till June 30, 2026. The move comes as businesses continue to face delays due to … Read more
Even though some bank branches may look open on April 1, regular customers will not get branch services on this day. The day is reserved for the annual closing of accounts and important financial work. Bank employees remain busy with closing the accounts for the entire financial year and completing other key accounting tasks. According … Read more