What is a Nominal Account? Meaning, Rule, Examples
What is Nominal Accounts Imagine you’re keeping track of your money. You have your savings, your possessions (like…
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
RBI Governor Shaktikanta Das is expected to receive an extension, potentially making him one of the longest-serving chiefs…
Sitharaman Urges Banks to Reduce Interest Rates to More Loans More Accessible
According to recent Reserve Bank of India (RBI) data (2026), the total credit disbursed by commercial banks in…
RBI Announces Six Changes to Know-Your-Customer (KYC) Rules
According to NPCI (2026), UPI transactions reached a record 12 billion in January 2026, showcasing India’s rapid digital…
Banking Ombudsman? What’s Their Role & Responsibilities
The Banking Ombudsman Scheme, established by the Reserve Bank of India, provides a free and efficient mechanism for…
Exploring BSR Code: Usage, Classification and Benefits
The BSR Code is a crucial seven-digit identifier assigned by the RBI to every bank branch in India,…