Banking

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...

DFCC Bank Becomes First Foreign Entity to List Bond on NSE IX at GIFT City

In a historic development for cross-border sustainable finance, DFCC Bank PLC of Sri Lanka has become the first foreign corporate to list a bond on India’s National Stock Exchange – International Exchange (NSE IX) at GIFT City, Gujarat. This secondary...

RBI’s LTV Norm Revision to Boost NBFC Gold Loan Growth: Crisil

The Reserve Bank of India (RBI) has issued final directions allowing higher loan-to-value (LTV) ratios for gold loans, a move that is expected to benefit non-banking financial companies (NBFCs) that dominate this lending segment. According to Crisil Ratings, this breather...

ADB Approves $109.97 Million Loan to Transform Skills Development in Gujarat

In a major push toward strengthening India’s workforce capacity, the Asian Development Bank (ADB) has approved a $109.97 million results-based loan to support Gujarat’s efforts in advanced technical and vocational education and training (TVET). This initiative, executed through the Gujarat...

RBI Eases KYC Norms: Allows BCs and Video Uploads

In a major move aimed at improving customer convenience and financial inclusion, the Reserve Bank of India (RBI) on June 12, 2025, issued a circular easing Know Your Customer (KYC) norms. The central bank has now allowed Business Correspondents (BCs)...

SBI General Insurance Appoints Mohd. Arif Khan as Deputy CEO

SBI General Insurance, one of India’s leading general insurance companies, has appointed Mohd. Arif Khan as its Deputy Chief Executive Officer. A seasoned professional with over 25 years of service in the State Bank of India (SBI), Khan brings deep...

French and UAE Banks Set to Expand Footprint in GIFT City’s Financial Landscape

In a significant boost to India’s International Financial Services Centre (IFSC) ambitions, foreign banks from France and the UAE are lining up to establish IFSC Banking Units (IBUs) in GIFT City, Gujarat. With recent approvals to Natixis, Credit Agricole, and...

₹5,000 Cr Green Bonds in RBI’s ₹30,000 Cr G-Sec Auction to Fund Eco Projects

In a major boost to sustainable financing, the Reserve Bank of India (RBI) will re-issue ₹5,000 crore worth of Sovereign Green Bonds (SGrBs) as part of a ₹30,000 crore government securities (G-Secs) auction scheduled for June 13, 2025. These bonds,...

SEBI to Launch ‘SEBI Check’ to Verify UPI IDs and Curb Investment Frauds

In a major move to enhance investor protection and curb online financial frauds, the Securities and Exchange Board of India (SEBI) announced a new initiative titled “SEBI Check.” This tool will allow investors to verify UPI payment handles used by...

SEBI Opens Settlement Window for Stock Brokers in Algo Trading Violation Cases

The Securities and Exchange Board of India (SEBI) has announced a three-month settlement scheme for stock brokers facing regulatory proceedings for associating with unregulated algorithmic trading (algo) platforms. Open from June 16 to September 16, 2025, the scheme allows brokers...