Key Banking Law Amendments to Take Effect from August 1, Aims to Improve Governance and Protect Depositors
Starting August 1, 2025, several important changes under the Banking Laws (Amendment) Act, 2025 will come into effect. These changes ...
Tag: Reserve Bank of India
India Records Over 65,000 Crore Digital Transactions in Six Years, Totalling to more than ₹12,000 Lakh Cr
India’s digital payment ecosystem has witnessed unprecedented growth over the past six financial years, crossing 65,000 crore transactions and amounting ...
RBI Advises Banks to Adopt DoT’s Fraud Risk Indicator to Curb Cyber Fraud
In a major step towards strengthening cybersecurity in banking, the Reserve Bank of India (RBI) has directed all Scheduled Commercial ...
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 ...
RBI Cuts Repo Rate by 50 bps to Support Growth, Creating Opportunities for Fintech Sector
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced the repo rate by 50 basis points to ...
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 ...
PB Fintech Subsidiary PB Pay Secures RBI’s In-Principle Nod for Payment Aggregator License
PB Fintech Limited, the parent company of Policybazaar and Paisabazaar, has announced that its wholly owned subsidiary, PB Pay Private ...
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 ...
RBI Inaugurates Digital Payments Awareness Week 2025 to Promote Safe and Inclusive Digital Transactions
The Reserve Bank of India (RBI) has inaugurated the 5th Digital Payments Awareness Week (DPAW), an initiative aimed at spreading ...
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