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Bank Holidays in June 2025: 12 Days of Bank Closures, Check the Full List Now

As June 2025 approaches, it’s important to stay ahead of your banking tasks. Why? Because banks across India will observe several holidays throughout the month, and knowing these dates in…

Hype May 29, 2025

RBI Announcements

RBI’s Compliance Crackdown: Monetary Penalties on Deutsche Bank and Yes Bank

Recently, the Reserve Bank of India (RBI) took strong action against two major banks—Deutsche Bank AG and Yes Bank Limited—for not following its guidelines. Deutsche Bank was fined ₹50 lakh,…

Hype May 16, 2025

RBI Announcements

RBI Imposes Penalties on Co-operative Banks and NBFCs for Regulatory Violations

The Reserve Bank of India (RBI) has taken a strong stance against regulatory non-compliance by penalizing several financial institutions. On May 9, 2025, penalties were imposed on four co-operative banks…

Hype May 16, 2025

RBI imposes monetary penalty on State Bank of India

RBI Announcements

RBI Penalizes SBI: What Happened and Why?

In a recent move that has caught the attention of many, the Reserve Bank of India (RBI) imposed a penalty of ₹1.72 crore on the State Bank of India (SBI).…

Hype May 15, 2025

Policy Updates

RBI Mandates Use of PRAVAAH Portal for Banks and Financial Entities from May 1, 2025

The Reserve Bank of India (RBI) is stepping into the future with a bold move that will change how banks and financial institutions operate. Starting May 1, 2025, all banks, financial companies, and other regulated entities will be required to use the PRAVAAH portal for submitting applications related to regulatory authorizations, licenses, and approvals. This initiative is set to streamline processes, enhance transparency, and speed up the application handling time.

Hype April 30, 2025

Policy Updates

RBI Launches Verified WhatsApp Channel: A Game-Changer for Financial Awareness

IntroductionIn a bold move to strengthen financial awareness and combat digital fraud, the Reserve Bank of India (RBI) has launched a verified WhatsApp channel under its flagship ‘RBI Kehta Hai’ campaign. This initiative aims…

Hype April 8, 2025

Daily News

RBI Fines HDFC Bank ₹75 Lakh for KYC Lapses: What Customers Should Know

Introduction In a decisive move underscoring its commitment to financial integrity, the Reserve Bank of India (RBI) levied a ₹75 lakh penalty on HDFC Bank on March 24, 2025, for…

Hype March 28, 2025

Daily News

RBI Imposes Penalties on IDBI Bank and Citibank

Introduction The Reserve Bank of India (RBI) has recently taken firm action against two prominent banks for failing to meet regulatory standards. IDBI Bank Limited and Citibank N.A. were both…

Hype March 22, 2025

Daily News

IndusInd Bank Ltd: Amidst Speculation, Steps Towards Stability

Recently, IndusInd Bank Ltd has been the subject of speculation regarding its financial health. In this article, we aim to clarify the current situation and provide you with the information…

Manish Rai March 16, 2025

Daily News

RBI Imposes Penalty on IIFL Samasta Finance for Regulatory Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹33.10 lakh on IIFL Samasta Finance Limited for non-compliance with regulatory provisions. The violations pertain to RBI's Non-Banking…

Hype March 1, 2025