Banking
Jai Kisan acquires majority stake in Kushal Finnovation Capital, expands rural fintech reach
Jai Kisan, a rural fintech startup, has received regulatory approval from the Reserve Bank of India (RBI) to acquire a...
India’s fintech sector to drive income and wealth creation: CEA V Anantha Nageswaran
In a recent address at the ninth Global Economic Summit in Mumbai, Chief Economic Advisor (CEA) V. Anantha Nageswaran underscored...
RBI issues Prompt Corrective Action Framework for Urban Co-operative Banks
The Reserve Bank of India (RBI) has issued a Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs),...
RBI tightens Cash Pay-Out rules, KYC details mandatory for remitters and beneficiaries
The Reserve Bank of India (RBI) has tightened the rules related to cash pay-out service at banks and has asked...
RBI imposes monetary penalties on ICICI Bank, YES Bank, and 3 others for regulatory non-compliance
The Reserve Bank of India (RBI) has imposed monetary penalties on five banks including ICICI Bank and YES Bank for...
RBI imposes supervisory action on Kotak Mahindra Bank Limited
The Reserve Bank of India (RBI) on Wednesday, took a significant step by directing Kotak Mahindra Bank Limited to halt...
RBI MPC keeps repo rate unchanged at 6.50%; know additional measures announced here
The Monetary Policy Committee (MPC) headed by Shaktikanta Das, Governor of the Reserve Bank of India (RBI), on Friday decided...
PM Modi addresses RBI@90 opening ceremony; says, RBI is appropriate body for holistic appreciation of the banking vision of Viksit Bharat
Prime Minister Narendra Modi on Monday addressed the opening ceremony of RBI@90, a program marking 90 years of the Reserve...
RBI MPC Meeting: Repo rate unchanged at 6.50%, additional measures announced
In the first monetary policy statement of 2024, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on...
RBI issues comprehensive guidelines on inoperative accounts, unclaimed deposits
In a bid to enhance financial transparency and streamline procedures, the Reserve Bank of India (RBI) has issued comprehensive guidelines...
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