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Daily News

Home » Daily News » Page 2
Finance Minister addressing media; announcement on CIBIL score not being mandatory for first-time loans in 2025. Illustration shows credit score meter (0–900) and a worried man, highlighting relief for new borrowers.
Posted inFraud & Security Alerts

CIBIL Score Not Mandatory for First-Time Loans: What 2025’s Big Update Means for You

A New Dawn for First-Time Borrowers Dreaming of your first car, home, or business loan but hesitant because you don’t have a credit score yet? You’re not alone. For years,…
Posted by Hype September 22, 2025
PhonePe office reception area with company logo illuminated on the wall
Posted inFraud & Security Alerts

Why Did RBI Penalize PhonePe with ₹21 Lakh? The Hidden Compliance Lapse Revealed

On September 10, 2025, the Reserve Bank of India (RBI) imposed a fine of ₹21 lakh on PhonePe Limited. This news caught a lot of attention since PhonePe is one…
Posted by Hype September 14, 2025
Close-up of a pen writing on a blue Indian bank cheque, with the text "VALID FOR" visible on the cheque.
Posted inRBI Announcements

How RBI’s New Cheque Clearing Rules Will Change Banking for Everyone

India’s banking system is about to get a whole lot faster and friendlier for anyone who still uses cheques. Starting October 4, 2025, the Reserve Bank of India (RBI) will…
Posted by Hype September 2, 2025
A woman with long, straight, dark hair is wearing a blue saree adorned with gold patterns and delicate silver jewelry, standing against a softly lit wooden background.
Posted inFraud & Security Alerts

Chanda Kochhar: The Inspiring Rise—and Real-Life Challenges—of India’s Banking Icon

If you follow Indian banking or just love inspiring stories about breaking glass ceilings, there’s no way you’ve missed the name Chanda Kochhar. Her journey is a powerful mix of…
Posted by Hype August 3, 2025
Visual representation of the Axis Mutual Fund scam, showing stacks of seized currency, financial documents, and the name Viresh Joshi to highlight financial fraud, asset seizure, and the central figure in the ED’s investigation.
Posted inFraud & Security Alerts

Viresh Joshi: The Face Behind Axis Mutual FundʼsRs 200 Crore Scam – Case Study & News Analysis

Introduction The finance world was shaken when Viresh Joshi, former chief dealer and fund manager at Axis Mutual Fund, was arrested by the Enforcement Directorate (ED) as the alleged mastermind…
Posted by Hype August 3, 2025
Image showing Indian Prime Minister with text highlighting major financial changes from July 2025 in Aadhaar, tax, railways, and banking cards, alongside visuals of Aadhaar card, PAN card, and Indian currency notes
Posted inPolicy Updates

Financial Changes in India from July 1, 2025: What You Should Know

If you’ve been paying attention to the news, you might have noticed a bundleof changes happening from July 1, 2025, that will affect everything from your taxes to your train…
Posted by Hype July 6, 2025
RBI Imposes ₹29.60 Lakh Penalty on Fino Payments Bank for Regulatory Breach
Posted inDaily News

RBI Imposes ₹29.60 Lakh Penalty on Fino Payments Bank for Regulatory Breach

The Reserve Bank of India (RBI) has imposed a financial penalty of ₹29.60 lakh (Rupees Twenty-Nine Lakh Sixty Thousand only) on Fino Payments Bank Limited. This penalty comes in response…
Posted by Hype June 27, 2025
Sanjay Malhotra, Deputy Governor of the Reserve Bank of India (RBI), speaking at an official RBI event, with RBI logo visible in the background.
Posted inRBI Announcements

RBI Cuts Repo Rate: What It Means for Your Fixed Deposits in June 2025

In a major announcement, the Reserve Bank of India (RBI) has decided to reduce the repo rate by 0.5% to 5.5% during its Monetary Policy Committee (MPC) meeting held from…
Posted by Hype June 6, 2025
RBI Penalizes Financial Institutions for Regulatory Non-Compliance: Latest Penalties and Reasons
Posted inDaily News

RBI Penalizes Financial Institutions for Regulatory Non-Compliance: Latest Penalties and Reasons

The Reserve Bank of India (RBI) has recently imposed monetary penalties on various financial institutions for failing to meet regulatory requirements. These actions highlight the RBI's ongoing commitment to ensuring…
Posted by Hype June 5, 2025
"Citizen Co-operative Bank signboard displaying the bank’s name with a blue and white color scheme, located outside a branch with lockers available for customers."
Posted inFraud & Security Alerts

RBI Imposes ₹11.48 Lakh Penalty on Cooperative Banks and Housing Finance Companies: What You Need to Know

In a recent move, the Reserve Bank of India (RBI) has imposed a total penalty of ₹11.48 lakh on three cooperative banks and two housing finance companies (HFCs) for not…
Posted by Hype June 4, 2025

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  • Collage showing the Paytm logo on a building exterior and the Reserve Bank of India (RBI) emblem, representing Paytm Payments Services receiving RBI authorization
    Paytm Payments Services Gets RBI’s Final Nod as Payment Aggregator: What This Means for India’s Digital Payments EcosystemNovember 27, 2025
  • RBI Imposes ₹29.60 Lakh Penalty on Fino Payments Bank for Regulatory BreachJune 27, 2025
  • RBI Penalizes Financial Institutions for Regulatory Non-Compliance: Latest Penalties and ReasonsJune 5, 2025
  • RBI Fines HDFC Bank ₹75 Lakh for KYC Lapses: What Customers Should KnowMarch 28, 2025
  • RBI Imposes Penalties on IDBI Bank and CitibankMarch 22, 2025

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