No MDR on UPI Transactions, Says Finance Ministry Amid Online Speculation
The Ministry of Finance has firmly refuted online speculation suggesting that Merchant Discount Rate (MDR) would be imposed on UPI
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RBI
Rupee Falls 21 Paise to Close at ₹85.59 Against US Dollar
The Indian rupee weakened by 21 paise to settle at ₹85.59 against the US dollar on Tuesday, June 3, 2025.
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India to remain fastest-growing major economy in 2025-26: RBI
Reserve Bank of India has said that the Indian economy will retain its position as the fastest-growing major economy during
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Repo Rate Cut: 25 Basis Points Reduction To 6%, Stimulate Economic Growth
The Reserve Bank of India (RBI) announced its first monetary policy decision for the financial year 2025-26 (FY26) on Wednesday,
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RBI Cracks Down: HDFC Bank, Punjab & Sind Bank, and KLM Axiva Finvest Penalized for Regulatory Non-Compliance
The Reserve Bank of India (RBI) imposed fines against KLM Axiva Finvest, Punjab & Sind Bank, and HDFC Bank on
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Cabinet Approves Rs 1500 Crore Incentive Scheme For Low Value BHIM-UPI transactions
New Delhi: With an estimated expenditure of Rs 1,500 crore, the incentive scheme for low-value BHIM-UPI transactions was approved by
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Indian economy continues to demonstrate resilience amid turbulent global environment: RBI
According to the RBI’s most recent monthly bulletin, the Indian economy is resilient in the current uncertain global environment, with
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Bank closed in August: Banks will be closed for 18 days in August
HIGHLIGHTS The Reserve Bank of India (RBI) has announced that banks will be closed for a total of 18 days
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