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Discover unclaimed money in your family’s name through the RBI’s UDGAM portal. Simply use basic details like name and date of birth to search across numerous banks. If a match surfaces, reclaim your funds by visiting the bank with necessary documents. This initiative helps reunite individuals with forgotten deposits, ensuring rightful owners can access their…
MUMBAI: Strong governance intent can eliminate regulatory gaps and overlaps, RBI deputy governor Swaminathan J said, urging boards and regulators to move beyond procedural compliance. Speaking at the Gatekeepers of Governance Summit in Mumbai on Nov 7, he said boards must “own outcomes, not paperwork.”He outlined five practices essential for sound governance — boards owning…
RBI Governor Sanjay Malhotra addresses the 12th SBI Banking Economics Conclave, in Mumbai on Friday. (ANI) MUMBAI: Indian banks are now much bigger and stronger than they were a decade ago and the economy more resilient, which has emboldened the RBI to remove various restrictions, allowing banks greater exposure to capital market risks and to…
Finance Minister Nirmala Sitharaman on Thursday said India needs large, world-class banks to support its expanding economy, adding that the government is in talks with the Reserve Bank of India (RBI) and lenders to build scale and strengthen the sector.Speaking at the 12th SBI Banking and Economics Conclave 2025, Sitharaman urged banks to deepen and…
Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. (AI image) Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%!The RBI has released the…
Strong RBI dividend to help stabilise finances The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI),…
The Reserve Bank of India (RBI) has announced the premature redemption price for the Sovereign Gold Bond (SGB) 2018–19 Series-I, issued on May 4, 2018, under the Government of India’s Sovereign Gold Bond Scheme, according to an ET report. Eligible investors can opt for early redemption of their holdings on November 4, 2025, in line…
Central banks worldwide increased their gold acquisitions during the third quarter of this year, with a net addition of 220 tonnes. (AI image) Betting big on gold as a reserve asset, central banks around the world have ramped up their gold reserves in the third quarter of the ongoing calendar year 2025. Gold is traditionally…
Indian students prefer Georgia over Ukraine for MBBS studies as remittances rise fivefold. (Getty Images) Indian students are increasingly choosing Georgia as a destination for MBBS studies, moving away from Ukraine amid the ongoing war. According to data released by the Reserve Bank of India (RBI) under the Liberalised Remittance Scheme (LRS), Indians sent $50.25…
High-value Rs 2,000 denomination notes worth Rs 5,817 crore remain in circulation, the Reserve Bank of India (RBI) said in data released on Saturday.The central bank had announced the withdrawal of Rs 2,000 notes from circulation on May 19, 2023, while clarifying that the currency continues to remain legal tender, PTI reported.According to the RBI,…
