Banking

Indian Funds in Swiss Banks Triple in 2024, Driven by Financial Institutions

In a striking shift, Indian money parked in Swiss banks surged over threefold in 2024 to reach CHF 3.5 billion (nearly ₹37,600 crore), primarily driven by a massive jump in holdings through financial institutions and banking channels. According to data...

PNB Supports Martyrs’ Families with ₹17 Crore Aid Under Rakshak Plus Scheme

Punjab National Bank (PNB), one of India’s leading public sector banks, has extended financial assistance worth ₹17.02 crore to the families of 26 defence and paramilitary personnel who lost their lives in the line of duty. This support was delivered...

RBI Imposes ₹29.6 Lakh Penalty on Fino Payments Bank for Regulatory Lapses

In a significant regulatory action, the Reserve Bank of India (RBI) on Friday announced a monetary penalty of ₹29.6 lakh on Fino Payments Bank Limited. The penalty has been levied for non-compliance with certain provisions of the guidelines on the...

India’s House Price Index Rises 3.1% in Q4 FY25: RBI

The Reserve Bank of India (RBI) has reported that the All-India House Price Index (HPI) grew by 3.1% year-on-year during the January–March quarter (Q4) of FY2024–25. This marks a continuation of the growth rate observed in the previous quarter, although...

RBI Revises Priority Sector Lending Norms for Small Finance Banks from FY 2025-26

The Reserve Bank of India (RBI) has announced a key revision in the Priority Sector Lending (PSL) norms for Small Finance Banks (SFBs), set to take effect from the financial year 2025-26. These changes are aimed at enhancing credit efficiency,...

RBI Eases Project Finance Norms, Slashes Provisioning Requirements

In a major relief to banks and financial institutions, the Reserve Bank of India (RBI) has eased final norms on provisioning for project finance loans. Under the revised guidelines, the provisioning requirement for under-construction project loans has been reduced to...

RBI’s Supervisory Data Quality Index (sDQI) Report – March 2025 Update

The Reserve Bank of India (RBI) has developed the Supervisory Data Quality Index (sDQI) to assess the quality of data submitted by Scheduled Commercial Banks (SCBs). This index evaluates banks based on four crucial parameters: Accuracy Timeliness Completeness Consistency The...

RBI Hikes Agency Commission for Banks on Government Transactions

In a move aimed at enhancing efficiency in government-related banking services, the Reserve Bank of India (RBI) has revised the agency commission rates paid to banks for handling government business transactions. Effective from April 1, 2025, the revised structure includes...

SBI Cards’ New Minimum Amount Due (MAD) Formula: What It Means for Credit Card Holders

Effective July 15, 2025, State Bank of India Credit Cards (SBI Cards) will implement a revised formula to calculate the Minimum Amount Due (MAD). This is the amount that a cardholder is mandatorily required to pay by the due date...

RBI Relocates Andhra Pradesh Regional Office to Vijayawada

In a major administrative move, the Reserve Bank of India (RBI) has officially relocated its Andhra Pradesh regional office to Vijayawada. The new office was inaugurated on June 16, 2025, by Deputy Governor T. Rabi Sankar, marking a significant step...