Banking
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RBI Announce 55th Monetary Policy Committee Meeting (June 2025)
The Reserve Bank of India (RBI) convened its 55th Monetary Policy Committee (MPC) meeting from June 4 to 6, 2025, under the chairmanship of Governor Shri Sanjay Malhotra. This meeting was of significant importance as it came amid a changing...
Last updated on June 6th, 2025 10:38 am -
Why is the RBI changing gold loan rules?
On April 9, 2025, the Reserve Bank of India (RBI) released draft guidelines on loans against gold collateral, seeking to harmonise lending practices across banks and Non-Banking Financial Companies (NBFCs). The move comes in response to inconsistencies in lending norms...
Last updated on June 5th, 2025 04:32 pm -
RBI Imposes ₹54.78 Crore Penalty on 353 Regulated Entities in FY25
In a robust move to enforce regulatory compliance, the Reserve Bank of India (RBI) imposed 353 penalties worth ₹54.78 crore on various regulated entities (REs) during the financial year 2024–25. The enforcement actions targeted non-compliance with statutory provisions and RBI’s...
Last updated on June 4th, 2025 12:21 pm -
Deutsche Bank Appoints Stefan Schaffer as CEO of India GCC
In a strategic move to bolster its technological and operational capabilities in India, Deutsche Bank has appointed Stefan Schaffer as the new CEO of its India Global Capability Centre (GCC). Schaffer will also take on dual roles as the Global...
Last updated on June 3rd, 2025 02:02 pm -
RBI Grants In-Principle Approval to PayPal and Worldline for Cross-Border Payment Aggregation
In a major development for India’s fintech and digital payments landscape, the Reserve Bank of India (RBI) has granted in-principle approval to PayPal Payments and Worldline ePayments India to operate as cross-border payment aggregators (PAs) under the Payment and Settlement...
Last updated on June 3rd, 2025 12:52 pm -
RBI to Review Monetary Policy Framework Amid Changing Inflation Dynamics
The Reserve Bank of India (RBI) has announced that it will undertake a review of the monetary policy framework during the financial year 2025-26, alongside evaluating the optimal liquidity level needed to ensure effective monetary policy transmission. This forms part...
Last updated on June 3rd, 2025 12:14 pm -
RBI to Strengthen Bank Liquidity Stress Tests with New Cash Flow Analysis Framework
The Reserve Bank of India (RBI), in a proactive move to enhance financial system resilience, has announced plans to strengthen the liquidity stress testing framework for Scheduled Commercial Banks (SCBs). The apex bank will develop a cash flow analysis-based process...
Last updated on June 3rd, 2025 12:07 pm -
Asheesh Pandey and Kalyan Kumar Appointed to Top Posts in PSU Banks
The Financial Services Institutions Bureau (FSIB) has recommended Asheesh Pandey as the new Managing Director (MD) and Chief Executive Officer (CEO) of Union Bank of India and Kalyan Kumar as the MD and CEO of Central Bank of India. Both...
Last updated on June 2nd, 2025 12:05 pm -
UPI Transactions Reach New Milestone in May 2025
The digital payments landscape in India continues to surge, with Unified Payments Interface (UPI) transactions hitting an all-time high in May 2025. According to the latest data released by the National Payments Corporation of India (NPCI), the total volume and...
Last updated on June 2nd, 2025 10:58 am -
RBI Annual Report 2024–25: A Comprehensive Overview of India’s Central Banking Landscape
The Reserve Bank of India (RBI) has released its Annual Report for the financial year 2024–25, as required by Section 53(2) of the RBI Act, 1934. This comprehensive document outlines the state of the Indian economy, RBI’s financial performance, key...
Last updated on June 2nd, 2025 10:14 am