Category: Banking
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Meta’s new AI glasses impressed investors — but 3 things stop them from going mainstream
Meta’s new Ray-Ban Display is a major leap forward for smart glasses, but analysts think improvements on price, weight and battery life are needed to win over everyday consumers. Source: MarketWatch.com – Top Stories
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If You Don’t Pay Your Loan, Banks May Lock Your Mobile — RBI’s New Proposal Explained
Lenders in India may soon get the power to remotely lock smartphones of loan defaulters as RBI plans to update its Fair Practices Code. The draft rules mandate explicit borrower consent, no access to personal data, and retention of emergency functions.
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AIBOBOA Marks 62nd Foundation Day: Work-Life Balance, Compliance & Ethics, and Membership Milestones
AIBOBOA celebrated its 62nd Foundation Day on 12 September 2025, marking 61 years of service. The Association highlighted its renewed focus on compliance, ethics, and work-life balance. Membership has grown to over 27,000 officers across scales, reaffirming its majority status.
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RBI Recruitment 2025: 120 Grade B Officer Vacancies — Apply Sep 10–30
The Reserve Bank of India (RBI) has invited applications for 120 Grade B Officer posts for 2025. Applications open on September 10 and close on September 30, 2025 (till 6 PM). Vacancies include 83 for General, 17 for DEPR, and 20 for DSIM streams. Eligible candidates must meet graduation or post-graduation criteria as per stream.…
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Bank Jobs: Mentally Draining and Thankless Under Pressure
For many young professionals, a bank job once symbolized stability, respect, and financial security. Yet today, more and more employees—particularly young women and men in their twenties—are walking away from this career path, calling it mentally draining and a thankless job. The story of a 29-year-old girl resigning from her banking role is not an…
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Nifty Bank Ends Flat at 55,139 Amid Volatile Trade
Nifty Bank closed at 55,139.30, down just 0.02%, after a day of volatile trade. The index hit a high of 55,306.00 and a low of 55,048.40 during the session. Analysts say the index is consolidating near the 55,000 support zone, with resistance at 55,300–55,350.
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IBA to Seek RBI Nod for Bank Funding of Company Acquisitions, Says SBI Chairman
The Indian Banks’ Association (IBA) will request RBI approval to let banks finance mergers and acquisitions of listed companies. SBI Chairman C S Shetty said funding will be allowed only in a transparent, shareholder-approved manner, avoiding hostile takeovers. He added that banks are supporting corporate capacity expansion, MSME lending (up 19% to Rs.5.28 lakh crore),…
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PSBs Raise Rs. 1.54 Lakh Crore in Three Years via Equity and Bonds: MoS Finance
PSBs raised Rs.1,53,978 crore over FY2022-23 to FY2024-25 through equity, AT-1 and Tier-II bonds. The capital supports credit growth, regulatory capital adequacy, and higher public shareholding. Stronger PSB balance sheets have boosted market confidence and future lending capacity.
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No Transaction Charges on UPI Payments: Government Clarifies
Government confirms no charges will be levied on UPI transactions for users or merchants. UPI and RuPay debit cards notified as free digital payment modes under Income-tax Act, 1961. Govt has provided Rs.8,730 crore incentive support (FY21–FY25) to sustain the UPI ecosystem.
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Are CIBIL Scores Mandatory for Loans?
CIBIL and other credit scores are not mandatory for loans. RBI has not fixed any minimum credit score requirement. Banks take loan decisions based on their own policies. Every individual is entitled to one free annual credit report. Government to set up NFIR as a central financial data hub.