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Punjab & Sind Bank Appoints Rajeeva as ED

Punjab & Sind Bank has announced Veteran Banker Rajeeva as its Executive Director. Prior to his elevation as Executive Director of Punjab & Sind Bank, he...

RBI Slaps Penalties on Five Entities, Including CSB Bank, Union Bank of India, and Muthoot Housing Finance, for Regulatory Violations

The Reserve Bank of India (RBI) has imposed monetary penalties on five financial institutions, including CSB Bank, Union Bank of India, and Muthoot Housing...

Tata Capital Transitions to NBFC-ICC Following Major Merger, Eyes Public Listing by 2025

Tata Capital, a key subsidiary of Tata Sons, has successfully converted into a Non-Banking Financial Company – Investment Credit Company (NBFC-ICC) from its previous...

RBI, CM Sukhvinder Singh Sukhu Discuss Financial Literacy Initiatives in Himachal Pradesh

Reserve Bank of India (RBI) Regional Director Anupam Kishore met with Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Tuesday to discuss strategies to...

Government and RBI Urge Banks to Enhance Deposit Mobilization Amid Concerns Over Credit-Deposit Growth Gap

In a joint appeal, the Indian government and the Reserve Bank of India (RBI) have urged banks to intensify their efforts in deposit mobilization,...

RBI’s Proposed Delegated Payments Feature on UPI Receives Industry Applause

In a move poised to revolutionize the digital payments landscape in India, the Reserve Bank of India (RBI) has proposed the introduction of Delegated...

RBI Constitutes Expert Committee on Benchmarking of Statistics

The Reserve Bank of India (RBI) has announced the formation of an Expert Committee on Benchmarking its Statistics, to be led by Deputy Governor...

RBI Keeps Repo Rate Unchanged at 6.5%, EMIs to Remain Steady

In its latest monetary policy decision, the Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the ninth consecutive...

RBI Raises UPI Transaction Limit for Tax Payments to ₹5 Lakh

In a move to further ease digital payments, Reserve Bank of India (RBI) Governor Shaktikanta Das announced an increase in the transaction limit for...

NPCI Records Nearly ₹10,000 crore Credit Disbursed a Month via UPI

The National Payments Corporation of India (NPCI) has recorded a surge in the UPI platform's credit feature, with about ₹10,000 crore of transactions happening a month, a...

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