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The Banking Laws (Amendment) Act, 2025

Taking effect from August 1, 2025, the Banking Laws (Amendment) Act brings sweeping governance improvements to India’s financial institutions. This legislation enhances depositor protection, raises...

PSU Banks to Drive Vision ‘Viksit Bharat 2047’

Public sector banks (PSBs) are set to play a crucial role in India’s ambition to become a developed nation by 2047, according to the...

RBI Governor Flags Cost Concerns in UPI Ecosystem, Questions Long-Term Viability of No-Fee Model

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Thursday reiterated that while the Unified Payments Interface (UPI) continues to be a no-cost service...

RBI Grants ‘In-Principle’ Nod to AU Small Finance Bank to Transition into Universal Bank

The Reserve Bank of India (RBI) has granted ‘in-principle’ approval to AU Small Finance Bank Ltd (AUSFB) for transitioning into a universal bank, marking...

NABARD and RBI Promote Rural Financial Literacy through Various Initiatives; 2,421 Centres for Financial Literacy Set up Nationwide

National Bank for Agriculture and Rural Development (NABARD) and Reserve Bank of India (RBI) have undertaken various interventions to promote financial literacy and awareness...

RBI Proposes New Unified Eligibility Norms for Urban Cooperative Banks

The Reserve Bank of India (RBI) has released a draft master circular proposing a unified eligibility framework for Urban Cooperative Banks (UCBs), aimed at...

UPI to See New Rules from August 1: Key Changes on Balance Checks, Auto-Debits, and Access Limits

To enhance the stability and efficiency of digital payments, the National Payments Corporation of India (NPCI) has announced a set of regulatory changes to...

RBI Deputy Governor Warns Against Unethical Practices in Banks and NBFCs Amid Rising Competitive Pressures

Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), has raised serious concerns over the increasing tendency among certain banks and non-banking...

Digital Payment Surge: Over 65,000 Crore Transactions Worth ₹12,000 Lakh Crore in 6 Years, Says Finance Ministry

The Government has been closely working with different stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks...

RBI Advises Banks to Integrate DoT’s Financial Fraud Risk Indicator, Landmark Step to Prevent Cyber Fraud

Reserve Bank of India’s (RBI) has issued an advisory, directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate...

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