Category: Banking
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Strong Governance Intent Can Eliminate Regulatory Gaps, Says RBI Deputy Governor Swaminathan J
RBI Deputy Governor Shri Swaminathan J said regulatory gaps and overlaps fade when governance intent is strong and practiced in spirit, not just on paper. Speaking at the Gatekeepers of Governance Summit in Mumbai, he stressed that boards must own outcomes, empower control functions, and adopt a group-wide risk perspective to ensure effective, resilient governance…
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UPI Changed Everything: Lessons for Banks in India’s Fintech Revolution
India’s banking system has undergone a dramatic transformation, with technology moving from a support function to the very foundation of financial intermediation. Drawing lessons from India’s digital journey — from ATMs and NEFT to UPI and AI — this article explains why fintechs surged ahead, how banks underestimated disruption, and why Digital Public Infrastructure has…
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Post Office RD Scheme: Maturity Invest ₹333 every day and get ₹1,700,000 at maturity. Check the calculation.
Post Office RD Scheme: Everyone wants to know the easy way to build a large corpus by saving a little every day. The Post Office RD scheme does just that. You can accumulate lakhs by saving daily. Post Office RD Scheme: Nowadays, many people invest in a variety of avenues to grow their money. However,…
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ED Restores ₹40 Crore In Properties To Indian Bank In Saravana Stores Case
In a major development in a high-value money laundering investigation, the Directorate of Enforcement (ED) has restored properties worth ₹40 crore to Indian Bank in connection with the case against M/s Saravana Stores (Gold Palace) and its partners. The restitution has been carried out in support of an application filed . The post ED Restores…
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HDFC Bank customers: Big news! These online services, including UPI, will be closed for two days in December – here’s why.
HDFC Bank UPI Downtime Alert: If you’re an HDFC Bank customer, there’s big news for you. In December, the country’s largest private bank, HDFC Bank, will shut down online services, including its UPI service, for two days. This means no transactions will be possible. Services will be down on these two dates HDFC Bank has…
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RBI Repo Rate Cut: How Much Will Your Home, Auto & Personal Loan EMI Drop?
The RBI has reduced the repo rate by 25 basis points, bringing it down to 5.25%. This move is expected to lower EMIs on home, auto, and personal loans, offering relief to millions of borrowers as borrowing costs drop.
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Bank Locker Rules: Will the bank compensate you if your locker items are stolen? Know these rules!
Bank Locker Rules: If your belongings are stolen or damaged in your bank locker, how much responsibility will the bank have? How will compensation be provided according to RBI regulations, and in which situations will the bank grant a claim, and in which cases will it not? Learn the full details in simple language. Bank…
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Good News for Credit Cardholders: RBI Ends Hidden Overlimit Fees, Puts Power in Your Hands
No charges on limit breaches without customer consent; banks to offer full in-app controls .As digital payments continue to grow rapidly across India, credit card usage has also surged. But along with convenience, many cardholders often find themselves caught off-guard when they unknowingly exceed their spending limit — and banks immediately impose hefty penalty….
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5 Days working in Bank: Banks will have 5 working days in the year 2026? the government has taken this decision.
Bank employees and associations are demanding a significantly longer five-day working day. Banks may implement a five-day working day by 2026. This proposal is now formally under government consideration. 5 Days Working in Banks: Bank employees and associations are demanding a significantly longer 5-day working week. A 5-day working day system may be implemented in…
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RBI Says Digital Banking Cannot Be Forced: Customer Consent Must Be Explicit
Banks barred from mandating digital channels for availing other services; risk-based monitoring and privacy safeguards to be strengthened .The Reserve Bank of India (RBI) on Friday issued its final set of guidelines governing digital banking channels, making it clear that customers cannot be compelled to accept digital services as a prerequisite for availing .The post…