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RBI PSL norms tightened with external auditor certification for banks
Posted inRBI Announcements

RBI Tightens PSL Norms: Why Banks Now Need External Auditor Certification & What It Means

The Reserve Bank of India (RBI) has tightened Priority Sector Lending (PSL) norms, making it mandatory for banks to obtain external auditor certification for certain PSL loans. The move is…
Posted by Hype January 19, 2026
RBI approves Japan’s SMBC to set up a wholly owned subsidiary in India
Posted inBlogging

RBI Gives Green Signal to Japan’s SMBC for Major India Expansion – Here’s What It Means

In a major boost to foreign banking in India, the Reserve Bank of India (RBI) has granted in-principle approval to Sumitomo Mitsui Banking Corporation (SMBC) of Japan to establish a…
Posted by Hype January 15, 2026
Confidential No Disclosure” stamp on the other, showing the dispute over disclosure of banking inspection reports and NPA data
Posted inBlogging

RBI Supports Disclosure of NPA and Inspection Reports, Major Banks Challenge Move at CIC

The Reserve Bank of India (RBI) has strongly advocated for greater transparency in the banking sector by supporting the disclosure of Non-Performing Asset (NPA) data, defaulters’ lists, penalties, and inspection…
Posted by Hype January 14, 2026
RBI revokes licences of 35 NBFCs while 16 companies voluntarily surrender registration – BanksConnect.in
Posted inBlogging

RBI Revokes Licences of 35 NBFCs; 16 Others Voluntarily Surrender Registration

The Reserve Bank of India (RBI) has once again shown its strict stance on financial discipline by revoking the licences of 35 Non-Banking Financial Companies (NBFCs). Along with this, 16…
Posted by Hype January 9, 2026
PNB reports ₹2,434 crore borrower fraud linked to SREI’s former promoters to RBI
Posted inFraud & Security Alerts

Big Banking Alert: PNB Reports ₹2,434 Crore SREI-Linked Fraud to RBI

Punjab National Bank (PNB) has reported a major borrowal fraud of ₹2,434 crore to the Reserve Bank of India (RBI), linked to the erstwhile promoters of SREI Group companies. This…
Posted by Hype December 26, 2025
RBI building and cheque clearance concept image explaining delay in Phase 2 faster cheque system
Posted inPolicy Updates

Why Has RBI Postponed Phase 2 of the Faster Cheque Clearance System?

Reserve Bank of India (RBI) has postponed the implementation of Phase 2 of the Faster Cheque Clearance System to give banks more time to upgrade infrastructure, align internal processes, and…
Posted by Hype December 25, 2025
Aadhaar PAN linking deadline December 31 explained with banking and tax impact illustration by BanksConnect.in
Posted inAadhaar Digital Banking

Aadhaar–PAN Linking Deadline December 31: Why It Matters for Banking & Taxpayers

The deadline to link Aadhaar with PAN is approaching fast.December 31 is an important date for taxpayers, salaried employees, and banking customers across India. If your Aadhaar is not linked…
Posted by Hype December 21, 2025
Kotak Mahindra Bank office building after RBI imposed ₹61.95 lakh penalty for regulatory non-compliance
Posted inBlogging

Why Has RBI Penalised Kotak Mahindra Bank and What Does It Mean for Customers?

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹61.95 lakh on Kotak Mahindra Bank Limited for lapses in regulatory compliance. While the headline may sound alarming,…
Posted by Hype December 21, 2025
RBI digital payments
Posted inDigital Banking

How India’s Payment Systems Are Reshaping Everyday Banking in 2025

From Cash to Clicks: A Silent Banking Revolution India’s banking experience has changed more in the last five years than it did in the previous five decades. Standing in long…
Posted by Hype December 15, 2025
Security personnel outside the J&K Bank Corporate Headquarters building, showing the bank’s main entrance and signage.
Posted inBlogging

RBI Imposes ₹1.11 Crore Penalty on J&K Bank, Two NBFCs and One HFC: Here’s What Happened

The Reserve Bank of India (RBI) has once again tightened its regulatory grip by imposing a total monetary penalty of ₹1.11 crore on Jammu & Kashmir Bank, two NBFCs, and…
Posted by Hype December 10, 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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