In a major push towards better operational efficiency and customer service, RBI Governor Sanjay Malhotra asked banks to refashion the method of collecting and verifying customer documentation. Addressing a high-level financial...
In a major relief to borrowers and financial institutions, the Reserve Bank of India (RBI) has revised its lending norms, increasing the ceiling on small value loans per borrower to ₹3...
The Reserve Bank of India (RBI) conducted a ban on New India Co-operative Bank withdrawals because the bank faced financial weaknesses combined with regulatory non-compliance issues. The decision by RBI to...
The RBI repo rate cut by 25 bps has sparked significant attention in the financial world. This decision by the Reserve Bank of India aims to improve RBI rate transmission, enhance...
The Indian government and the Reserve Bank of India (RBI) are set to introduce a new domain name for banks to combat digital frauds and enhance online security. The announcement follows...
The Reserve Bank of India (RBI) has announced a significant RBI interest rate cut, reducing the repo rate cut to 6.25% after four years. This decision aims to boost loan growth,...