RBI raised ATM interchange fees by Rs 2 for financial transactions (like cash withdrawals) and Rs 1 for non-financial transactions (like balance inquiries). This change will be effective from May 1, 2025....
Today bank fraud has become a major concern for individuals and financial institutions. Despite banks frequently issuing fraud alerts, bank frauds show no signs of stopping. Today, not only are humans victims...
The Directorate General of Goods and Services Tax Intelligence (DGGI) has strengthen its action aganist illegal online gaming websites. This includes both foreign and domestic gaming websites. DGGI said that they have...
Two banks, IDBI and Citibank, will pay the penalty for violating RBI norms. RBI said that they imposed the penalty as the banks failed to follow certain rules and regulations.
As per...
United Forum of Bank Unions (UFBU) announced that a adjourned conciliation meeting took place today morning. UFBU said that the meeting was based on our demands and issues. The positive discussion took...
Shri Indranil Bhattacharyya is appointed as a New Executive Director by RBI, starting March 19, 2025. Highlighted points of the announcement:
Role of Shri Indranil Bhattacharyya:
As ED Shri Indranil Bhattacharyya will oversee the...
RBI governor Sanjay Malhotra, while speaking at the annual conference of the RBI Ombudsmen has asked all the Banks and the Financial Institution to stop calling their customers repeatedly for KYC submission....
The United Forum of Bank Unions (UFBU) has confirmed for a nationwide strike on March 24 & 25 after Indian Banks' Associations (IBA) failed to ressolve the issue demanded. The strike will...
After accepting government backed savings schemes like Public Provident Fund and Sukanya Samriddhi Account now HDFC Bank is ready to add Seniors Citizens Saving Scheme (SCSS) in its portfolio. HDFC Bank will...
Yes Bank launched its Goods and Services Tax (GST) payment facility on Friday, March 14, 2025, enhancing its digital banking services. The service is authorised by the Government of India.
How New...
