In one of the largest regulatory simplification exercises in its history, the Reserve Bank of India (RBI) has completed a massive consolidation of its rulebook. A total of 9,445 circulars—some dating back...
India’s banking sector is preparing for a major agitation as the United Forum of Bank Unions (UFBU) launches a nationwide protest campaign demanding the implementation of 5-day banking. Despite repeated assurances and...
The Reserve Bank of India (RBI) has updated its rules about digital banking channels (like mobile apps and online banking).
Important Features of the Updated Rules
Banks can now advertise certain products online:
Earlier, banks...
The Reserve Bank of India (RBI) reviewed HDFC Bank’s internal operations as of March 31, 2024, and discovered that the bank had violated several regulatory guidelines. These violations were related to the...
Reserve Bank of India has proposed a major change under which credit scores will be refreshed roughly every 7 days instead of the current fortnightly or monthly cycle, by mandating much more...
Bandhan Bank has several loans that borrowers have not repaid for a long time. These unpaid loans are known as Non-Performing Assets (NPAs) meaning borrowers have stopped paying, or written-off loans meaning...
The Rajkot Nagarik Sahakari Bank (RNSB) has issued a notification concerning the recruitment for the position of Junior Executive, Apprentice. Interested candidates who meet the eligibility criteria for the vacancy are invited...
The Hyderabad cybercrime police arrested eight people who were part of a gang that opened 127 fake or “mule” bank accounts across multiple banks. These accounts were then sold to cyber fraudsters...
The Central Bank of India has released a notification regarding the recruitment for the position of Faculty. Candidates who meet the eligibility requirements and are interested in the position can review the...
A young man from Nashik was tricked into giving ₹15 lakh after being promised a job at the Nashik District Central Co-operative Bank.The person who allegedly cheated him is the former chairman...
