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...
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...
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....
RBI Eases Digital Banking Rules: Banks Can Launch New Channels Without Approval
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...
Centralized Positive Pay (CPPS) from 1st Jan 2021
In the recent past, it has been observed that incidence of Non Borrowal Frauds are in rise. Most of the frauds are done through...
RBI Reschedules Money Market Holiday as Eid Holiday Shifted to September 8 in Mumbai
The Government of Maharashtra has officially rescheduled the public holiday for Eid‑e‑Milad in Mumbai city and its suburbs, moving it from Friday, September 5, 2025 to...
RBI Withdraws ₹2 Lakh Crore From Banks Through 7-Day VRRR To Manage Liquidity
The Reserve Bank of India (RBI) held a Variable Rate Reverse Repo (VRRR) auction to absorb extra money from the banking system. The auction...
