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Banks to clear cheques within few hours from Oct 4: RBI

Banks to clear cheques within few hours from Oct 4: RBI

by AIP Online Bureau | Aug 13, 2025 | Banking & Bancassurance, Indian News, Technology

To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with...
RBI decides to keep interest rate unchanged at 5.5 pc

RBI decides to keep interest rate unchanged at 5.5 pc

by AIP Online Bureau | Aug 6, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Sanjay Malhotra,Governor, Reserve Bank of India The Reserve Bank on Wednesday retained the GDP growth projection for the current fiscal year at 6.5 per cent while lowering the inflation forecast to 3.1 per cent from 3.7 per cent. Mumbai: After three successive...
Banks to clear cheques within few hours from Oct 4: RBI

15 more banks to implement RBI’s MuleHunter in next 2 months

by AIP Online Bureau | Aug 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

MuleHunter is based on artificial intelligence and machine learning-based algorithms, and being given free to banks for now, Suvendu Pati, a chief general manager,RBI Mumbai: At least 15 more banks are set to implement the RBI-developed MuleHunter platform over the...
Banks to clear cheques within few hours from Oct 4: RBI

India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI

by AIP Online Bureau | Jul 22, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

It captures the level of financial inclusion using data from different sectors, including banking, insurance, investments, pensions and postal services. Mumbai: The Reserve Bank of India (RBI) on Tuesday said that the country’s financial inclusion index...
RBI Dy Governor pitches for global unity, tech transfer to tackle climate change

RBI Dy Governor pitches for global unity, tech transfer to tackle climate change

by AIP Online Bureau | Jul 19, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

The Deputy Governor said the focus needed to shift from project-based finance to overall market development with policy reforms, development of a project pipeline, and consistent regulatory frameworks, creating systemic conditions for fostering sustainable and green...
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