Banking
RBI Appoints Kesavan Ramachandran as Executive Director
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director (ED), effective from July 1, 2025. The...
Government Recognises 21 Banks and Fintech Innovators for Excellence in Digital Payments
The Department of Financial Services (DFS), Ministry of Finance, hosted the Digital Payments Awards 2025 at Vigyan Bhawan, New Delhi,...
TRAI Teams Up with RBI and Banks to Launch Pilot Project for Digital Consent Management
In a major step towards tackling spam calls and messages, the Telecom Regulatory Authority of India (TRAI) has launched a...
RBI Imposes ₹1.72 Crore Penalty on State Bank of India for Regulatory Lapses
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.72 crore on the State Bank of India...
RBI Imposes Monetary Penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for Regulatory Non-Compliance
The Reserve Bank of India (RBI) has imposed monetary penalties on three prominent banks — Kotak Mahindra Bank, IDFC First...
RBI Grants NPCI Flexibility to Revise UPI Limits in Latest Monetary Policy Update
In a significant move to support innovation and flexibility in India’s fast-evolving digital payments landscape, the Reserve Bank of India...
India Launches First Digital Threat Report 2024 to Strengthen Cybersecurity in BFSI Sector
In a major step towards securing the country’s digital financial infrastructure, the Ministry of Electronics and Information Technology (MeitY) and...
NBSL Launches BHIM 3.0 with Enhanced Features for Users, New Offerings for Businesses and Banks
NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), has launched Bharat Interface for...
Cabinet Approves ₹1,500 Cr Incentive Scheme to Promote Low-Value BHIM-UPI Transactions
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved an incentive scheme to promote small-value BHIM-UPI transactions between...
India’s Digital Payment Transactions Surge by 46% in FY 2023-24, UPI Leads the Growth
India’s digital payment landscape has seen remarkable growth, with total digital payment transactions soaring by 46% from 8,839 crore in...
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