Bank of India (BoI), a major public sector bank, has announced the withdrawal of its special 400-day fixed deposit (FD) scheme, which previously offered a peak interest rate of 7.30%. Alongside this,…
Author: BNW News
Can India’s Real Estate Sustain Its USD 2.9 Billion Q1 2025 Boom?
India’s real estate sector has kicked off 2025 with a bang, attracting USD 2.9 billion in equity investments during January-March, a staggering 74% year-on-year (YoY) increase from USD 1.7 billion in the…
Securitisation in India Soars in FY25: What’s Driving the Growth and What Lies Ahead?
India’s securitisation market has hit a new high in FY25, with volumes surging 25% year-on-year to INR 2.3 trillion, up from INR 1.8 trillion in FY24, according to a report by India…
Nepal Youth Honor Anant Ambani with Panchaamrut Vishesh Puja at Pashupatinath Temple on His 30th Birthday
On a serene Thursday morning, the sacred grounds of the Pashupatinath Temple in Kathmandu reverberated with chants and devotion as Chhatra Bhatt Mitra Mandal Nepal, a youth organization, conducted a Panchaamrut Vishesh…
RBI cuts repo rate by 25 bps to 6% amid easing inflation, global risks
In a widely expected move, the Reserve Bank of India (RBI) today cut the repo rate by 25 basis points to 6.0%, marking the second consecutive reduction in its ongoing rate-easing cycle….
Oman India Joint Investment Fund Appoints Satish Chavva as CEO
The Oman India Joint Investment Fund – Management Company (OIJIF) has announced the appointment of Satish Chavva as its new Chief Executive Officer (CEO), effective April 1, 2025. The private equity firm,…
RBI Imposes penalty on Shri Ganesh Sahakari Bank for non-compliance
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on Shri Ganesh Sahakari Bank Limited, located in Nashik, Maharashtra, for contravening the provisions of the Banking Regulation…
The New Waqf Bill: A bold step or Government overreach?
The Waqf system, deeply rooted in Islamic tradition, has long been a cornerstone of religious and charitable life for India’s Muslim community. Waqf properties, which are essentially donations made for public welfare,…
Key highlights: Scheduled Banks’ Statement of Position in India as of March 21, 2025
Mumbai, April 5, 2025: The Reserve Bank of India (RBI) has released the Statement of Position for scheduled banks operating across the country as of March 21, 2025. This comprehensive report provides…
Now, RBI has a whatsapp channel! Check details here
New Delhi, April 5, 2025: The Reserve Bank of India (RBI) has taken a significant step towards enhancing financial literacy and public awareness by launching a verified WhatsApp channel as part of…