RBI Permits Minors Above 10 Years To Open And Operate Bank Account Independently
On April 21, RBI announced new rules for bank accounts for minors. According to the news agency PTI report, children aged 10 years or...
Regulatory Breach Costs ICICI Bank ₹75 Lakh as RBI Tightens Oversight
The Reserve Bank of India (RBI) has imposed a hefty penalty of ₹75 lakh on ICICI Bank Limited for non-compliance with key regulatory guidelines related...
Security Features of new 2000 Rupee Banknotes
The new 2000 Rupee Bank notes circulated from the 10th of November. The Reserve Bank of India (RBI) revealed the new denomination on the...
RBI approved the re-appointment of Sumant Kathpalia as MD & CEO of IndusInd Bank.
IndusInd Bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as Managing Director and CEO for one...
RBI Rupee digital currency: A digital currency issued by the central bank, Central Bank...
Indian Reserve Bank (RBI) launched the first pilot project to produce digital rupees for wholesale distribution on Tuesday (November 1), which is known as...
RBI appoints Dr Ajit Ratnakar Joshi as new Executive
The Reserve Bank of India (RBI) announced on March 5, 2025, that Dr. Ajit Ratnakar Joshi has been appointed as its new Executive Director...
RBI relaxes lending rules for small borrowers and non-bank lenders
The Reserve Bank of India (RBI) has partially reversed its stricter rules on bank loans and has made it easier for small borrowers and...
RBI plans to ask banks to follow stricter rules for gold loans
Gold loans in India have been growing rapidly, increasing by 50% since September 2024, which is faster than the growth of overall loans. As...
RBI to Meet Banks to Discuss Money Management in the Economy
The Reserve Bank of India (RBI) is planning a key meeting with banks to review how it manages the flow of money in the...
RBI performs $10 billion forex swap to boost long-term liquidity.
On February 28, The Reserve Bank of India (RBI) conducted a $10 billion US dollar-rupee swap to inject long-term liquidity into the financial system....