Author: admin@thebankingtimes.in
-
RBI May Issue New Bank Licences After Nearly a Decade, Big Reforms Underway
India could soon witness a fresh wave of banking reforms, as the Finance Ministry and the Reserve Bank of India (RBI) discuss ways to expand and strengthen the sector in line with the country’s long-term growth goals. According to Bloomberg, early-stage talks are ongoing to allow more players into the banking system. Although no final…
-
RBI Imposes ₹4.88 Lakh Penalty on HDFC Bank for FEMA Violation
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹4.88 lakh on HDFC Bank Ltd. for violating the provisions of the Foreign Exchange Management Act (FEMA), 1999. This action has been taken under the powers conferred to the RBI by Section 11(3) of FEMA, 1999, citing non-compliance with the Master Direction –…
-
Basel III Update: RBI Approves CareEdge Global IFSC Ltd. as an Eligible Rating Agency for IFSC Entities
In a move that enhances risk assessment flexibility under Basel III norms, the Reserve Bank of India (RBI) has permitted banks to use the credit ratings assigned by CareEdge Global IFSC Limited for capital adequacy purposes. This decision is especially relevant for banks dealing with non-resident corporates operating in International Financial Services Centres (IFSCs). What…
-
Voluntary Pledge of Gold and Silver Now Allowed for Collateral-Free Agri and MSME Loans: RBI Clarifies
In a significant move to ease lending norms and boost credit flow, the Reserve Bank of India (RBI) has clarified that gold and silver voluntarily pledged by borrowers can be accepted as collateral for agricultural and MSME loans, even if those loans fall under the collateral-free category. This clarification comes through the recent circular –…
-
IBPS CRP PO/MT-XV Notification 2025 Released: Apply Online for 2026-27 Vacancies
The Institute of Banking Personnel Selection (IBPS) has officially released the CRP PO/MT-XV notification for the recruitment of Probationary Officers (PO) and Management Trainees (MT) in participating public sector banks for the financial year 2026–27. 📅 Important Dates: 🏦 Participating Banks: Top public sector banks including Bank of Baroda, Punjab National Bank, Canara Bank, Union…
-
How to Register for Bank of Baroda eMandate for Car Loan – Step-by-Step Guide
To set up auto-debit for your car loan EMI through Bank of Baroda’s eMandate facility, follow these simple steps:
-
Understanding CIBIL Score: Everything You Need to Know
Your CIBIL score is more than just a number – it’s a snapshot of your creditworthiness that can determine your financial future. Whether you’re applying for a personal loan, a home loan, or even a credit card, banks and financial institutions look at your CIBIL score before making a decision. What is a CIBIL Score?…
-
RBI’s Credit Reforms: A Big Win for Borrowers Across India
In a major step toward making borrowing easier and more transparent, the Reserve Bank of India (RBI) is revamping the country’s credit ecosystem to directly benefit customers like you. This transformation was highlighted in a recent speech by Shri M. Rajeshwar Rao, Deputy Governor of RBI, during TransUnion CIBIL’s 25th anniversary conference in Mumbai. Over…
-
Big Relief for Loan Borrowers: RBI Abolishes Pre-Payment Charges on Most Loans!
Mumbai, July 2, 2025 — In a landmark move set to benefit millions of loan borrowers across the country, the Reserve Bank of India (RBI) has issued new directions banning pre-payment charges on most floating rate loans, especially those availed by individuals and Micro and Small Enterprises (MSEs). The fresh guidelines will be effective from…
-
India’s Exports Rise to $142.43 Billion in April–May 2025, Led by Electronics & Pharma
📅 Published: June 2025📌 Source: Ministry of Commerce & Industry – Trade Update India’s foreign trade is showing strong signs of growth! The combined value of merchandise and services exports from April to May 2025 reached $142.43 billion, marking a 5.75% increase compared to the same period in 2024. This positive momentum is being driven…