Banking

RBI Launches 3 Key Surveys for Monetary Policy Input

To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital...

RBI Initiate to Use PRAVAAH portal from 1st May to All Stakeholders

To streamline, digitize, and enhance transparency in the regulatory approval process, the RBI had introduced the PRAVAAH portal in May 2024. Now, to improve compliance and efficiency, the RBI has made it mandatory for all regulated entities to use this...

RBI Directs Banks to Ensure Regular Dispensing of ₹100 and ₹200 Notes

In a move aimed at improving accessibility to frequently used currency denominations, the Reserve Bank of India (RBI) has mandated that banks and White Label ATM Operators (WLAOs) ensure that ATMs dispense ₹100 and ₹200 denomination banknotes on a regular...

RBI Imposes Fines on IOB and Mahindra & Mahindra Financial Services Limited for Non-Compliance

In a recent move to uphold regulatory discipline in the financial sector, the Reserve Bank of India (RBI) has imposed penalties on Indian Overseas Bank (IOB) and Mahindra & Mahindra Financial Services Limited (MMFSL) for violations of its compliance norms....

RBI’s Directive To Banks on Migration to ‘.bank.in’ Domain

In a significant move aimed at enhancing the security of digital banking and combating growing cybersecurity threats, the Reserve Bank of India (RBI) has mandated all banks to transition their existing web domains to the new '.bank.in' domain by October...

RBI Cancels Licence of Ajantha Urban Co-op Bank Maryadit

Reserve Bank of India (RBI) announced the cancellation of the banking license of Ajantha Urban Co-operative Bank Maryadit, based in Aurangabad, Maharashtra. The action was taken due to the bank's inadequate capital, poor earnings outlook, and inability to protect depositors'...

SEBI Revises Cut-Off Timing for Overnight Mutual Funds

In a significant regulatory move, the Securities and Exchange Board of India (SEBI) has revised the cut-off timing for redemption in overnight and liquid mutual fund schemes, effective June 1, 2025. This change is a part of SEBI's broader initiative...

PNB Celebrates 131st Foundation Day with Launch of 34 New Initiatives

Punjab National Bank (PNB) marked its 131st foundation day by launching 34 innovative products and services designed to boost financial inclusion, digital banking, and customer satisfaction. The bank's celebration was graced by Financial Services Secretary M. Nagaraju, who commended PNB’s...

RBI Eases LCR Norms, Imposes 2.5% Additional Run-Off Factor on Digital Deposits

The Reserve Bank of India (RBI) has introduced significant amendments to its Liquidity Coverage Ratio (LCR) framework with the objective of enhancing liquidity risk management among commercial banks while aligning domestic norms with global standards. One of the key changes...

RBI Permits Minors Above 10 to Operate Bank Accounts Independently

Reserve Bank of India (RBI) issued revised directions allowing minors aged 10 years and above to independently open and operate savings and term deposit accounts. This move, aimed at promoting early financial literacy, will empower minors to manage money responsibly,...