RBI’s New Guidelines: Bank Account Closures Begin January 1, 2025
The Reserve Bank of India (RBI) has announced new regulations that will lead to the closure of certain…
SBI Plans $1.5 Billion International Fund Deployment in FY 2024-25
State Bank of India (SBI), the country’s largest lender, plans to use $1.5 billion in funding for its…
RBI Governor Shaktikanta Das Likely to Get Extension, May Become Longest-Serving Chief Since 1960s
The Indian government is likely to extend the tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das,…
Sitharaman Urges Banks to Reduce Interest Rates to More Loans More Accessible
On Monday, Finance Minister Nirmala Sitharaman called on banks to make borrowing more affordable. She mentioned that the…
RBI Announces Six Changes to Know-Your-Customer (KYC) Rules
In a recent development, the Reserve Bank of India (RBI) has made crucial amendments to its Master Directions…
Banking Ombudsman? What’s Their Role & Responsibilities
Many times, we all deal with unresolved grievances with our banks such as inaccurate TDS reflection, extra bank…
Exploring BSR Code: Usage, Classification and Benefits
The BSR (Basic Statistical Return) Code is a unique identification number assigned by the Reserve Bank of India…