by OverviewFX | May 24, 2025 | Politics
Secretary of Defense Pete Hegseth attends a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. President Trump convened a Cabinet meeting a day after announcing a 90-day pause on ‘reciprocal’ tariffs, with the exception of China. Anna Moneymaker |...
by OverviewFX | May 24, 2025 | Politics
Fiscal deficit of govt to ease by 20 to 30 bps to 4.2% of GDP by RBI’s bumper dividend: SBINew Delhi [India], May 24 (ANI): The fiscal deficit of the central government could ease by 20 to 30 basis points from the budgeted level of 4.5 per cent to 4.2 per cent...
by OverviewFX | May 24, 2025 | Politics
The Central government’s recent notification on the formation of a Payments Regulatory Board (PRB) might reduce the control of the Reserve Bank of India over the domestic digital payments ecosystem, according to three bankers in the know.”This is the first...
by OverviewFX | May 24, 2025 | Politics
To make it easier for people to claim unclaimed bank deposits, now exceeding ₹78,000 crore, the Reserve Bank of India (RBI) has proposed new rules that allow customers to update their KYC (Know Your Customer) details using video calls (Video KYC) or with the help of...
by OverviewFX | May 24, 2025 | Politics
The Reserve Bank of India (RBI) on Friday announced penalties on Union Bank of India and Transactree Technologies for not following certain regulatory rules.Union Bank of India has been fined Rs 63.6 lakh for not complying with some parts of the Banking Regulation...
by OverviewFX | May 24, 2025 | Politics
RBI’s record Rs 2.7 trillion dividend fueled by US dollar sell offs and forex gains: SBIThe Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain...
