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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...

Jana Small Finance Bank Applies for Universal Banking License, Eyes Next Phase of Growth

Jana Small Finance Bank (Jana SFB) has formally submitted its application to the Reserve Bank of India (RBI) for a Universal Banking license, marking...

Government Restores RoDTEP Benefits for AA, SEZ, and EOU Exports

The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports...

India Surpasses Japan to Become World’s Fourth-Largest Economy: NITI Aayog CEO

India has overtaken Japan to emerge as the world’s fourth-largest economy, according to BVR Subrahmanyam, Chief Executive Officer of NITI Aayog. Citing data from...

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