CATEGORY

BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

Economy

India can Become World’s Second Largest Economy by 2031, Says Deputy RBI Governor

News Desk -
India has the potential to become the world's second-largest economy by 2031 and the largest by 2060, according to Michael Debabrata Patra, Deputy Governor...
News

Jio Financial Services Receives RBI Approval to Become Core Investment Company

News Desk -
Jio Financial Services Ltd. announced today that it has received approval from the Reserve Bank of India (RBI) to convert from a Non-Banking Financial...
News

Four Public Sector Banks Present Rs 6,481 Crore Dividends Cheque to Government

News Desk -
Four major public sector banks, including Canara Bank and Indian Bank, have collectively presented dividend cheques amounting to Rs 6,481 crore to Finance Minister...
BFSI

RBI Warns Banks Over ‘Lakhs of Accounts’ Linked to Fraudulent Transactions and Evergreening

News Desk -
The Reserve Bank of India (RBI) has issued a stern warning to banks regarding the proliferation of accounts being used for fraudulent transactions and...
Finance

Sixteenth Finance Commission Establishes Advisory Council

News Desk -
The Sixteenth Finance Commission has announced the formation of an Advisory Council to provide expert guidance and support in fulfilling its mandate. The council...
BFSI

RBI Imposes ₹1.31 Crore Penalty on Punjab National Bank for Non-Compliance

News Desk -
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,31,80,000 on Punjab National Bank (PNB) for non-compliance with certain regulatory directions....
BFSI

RBI Governor Shaktikanta Das Urges Banks to Combat Mule Accounts and Enhance Cybersecurity

News Desk -
In a recent move to strengthen the banking sector's defenses against fraud, Reserve Bank of India (RBI) Governor Shaktikanta Das convened meetings with the...
BFSI

RBI Joins ASEAN Nations in Project Nexus for Instant Cross-Border Retail Payments

News Desk -
In a landmark agreement, the Reserve Bank of India (RBI) and four ASEAN countries have committed to the creation of a platform designed to...
News

UPI QR Codes to Enhance Digital Payments Across UAE and Middle East

News Desk -
Digital payments in the UAE and Middle East are set to become more convenient as NPCI International collaborates with Network International (Network), a leading...
Banking

RBI Increases Ways and Means Advances Limit for States and UTs to Rs 601.18 Billion

News Desk -
The Reserve Bank of India (RBI) has announced a significant increase in the aggregate limit for the Ways and Means Advances (WMA) facility available...
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