Posted inRBI 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).…
Posted inPolicy 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.
Posted inPolicy 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…
Posted inAadhaar
Aadhaar Expansion: 470+ New Centers to Supercharge India’s Digital Revolution
Introduction Imagine a single ID that opens doors to subsidies, bank accounts, healthcare, and more. That’s Aadhaar—India’s digital identity powerhouse. Now, with 470+ new Aadhaar centers rolling out nationwide, the UIDAI is…
Posted inCredit Cards
The Ultimate Guide to Credit Cards in India: Benefits, Rewards, and How to Apply
Welcome to your comprehensive guide on credit cards available in India! If you’re looking to understand the ins and outs of credit cards, their benefits, and how to apply, you’ve…
Posted inCalculators (EMI, SIP, etc.)
Missed Call Banking Services in India: Simplifying Banking at Your Fingertips
Introduction to Missed Call Banking In today’s fast-paced world, convenience is paramount, and the banking sector has evolved to cater to these demands. One such innovation is Missed Call Banking…
Posted inDaily 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…
Posted inDaily 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…
Posted inDaily 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…
Posted inDaily 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…