Tag: rbi
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Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far
Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far Banks are running a nationwide Gram Panchayat-level campaign from July 1, 2025 to September 30, 2025 to saturate Financial Inclusion (FI) schemes. The initiative also covers re-KYC of bank accounts, awareness on unclaimed deposits, and resolving customer grievances. The Government and the Reserve Bank…
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What Happens If a Bank Delays Your Claim? RBI Draft Says You Get Paid Too
Did You Know? Banks May Soon Have to Pay You If They Delay Claim Settlements The Reserve Bank of India has released a draft circular titled “Settlement of Claims in respect of Deceased Customers of Banks” Directions, 2025. These proposed rules aim to make it faster and easier for families to access funds, lockers, and…
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RBI Dpt. Governor Swaminathan J Inspires Future Bankers with Four Life Lessons at NIBM Valedictory
Pune:Shri Swaminathan J, Deputy Governor of the Reserve Bank of India, delivered an inspiring valedictory address to the PGDM Batch of 2025-27 at the National Institute of Bank Management (NIBM), Pune. His speech, titled “Reflections from a Banker’s Journey,” offered profound insights drawn from his decades-long career in both the State Bank of India and…
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RBI Proposes Stricter guidelines to regulate Digital Banking Channels
Mumbai, July 21, 2025:In a significant move to enhance security, transparency, and governance in the digital banking ecosystem, the Reserve Bank of India (RBI) has released a draft of the Digital Banking Channels Authorisation Directions, 2025. The proposed regulations aim to standardize and streamline the operations of internet and mobile banking platforms across all categories…
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India Can’t Get Rich by Imitation: Raghuram Rajan Questions Lack of Global Innovation
India is poised to become the third-largest economy in the world, but former RBI Governor Dr. Raghuram Rajan believes this growth lacks true depth without global innovation. In a sharp critique published in The Times of India, Rajan asks a bold question — “Where is India’s TikTok, ChatGPT, or Fortnite?” Domestic Giants, Global Struggles Despite…