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Home » #BankGovernance
IDFC First Bank ₹590 crore fraud case at Chandigarh branch involving Haryana government accounts – investigation and RBI monitoring
Posted inFraud & Security Alerts

IDFC First Bank ₹590 Crore Fraud: What Happened at the Chandigarh Branch?

India’s private banking sector faced a major shock after ₹590 crore fraud was detected at IDFC First Bank. The issue reportedly took place at the bank’s Chandigarh branch and involves…
Posted by Hype February 24, 2026
RBI 2026 draft rules to curb bank mis-selling in India with refund and customer protection measures
Posted inRBI Announcements

Bank Mis-selling in India: Is RBI’s 2026 Draft a Real Turning Point?

For years, bank customers across India have quietly faced a common problem. You walk into a branch for a loan — you walk out with insurance.You open a savings account…
Posted by Hype February 20, 2026
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
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
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
op Banking Trends for 2025 in India” with a blue background. The left side lists trends: Digital Transformation, Open Banking, Cybersecurity, and Sustainable Finance with check marks. The right side shows a classical bank icon, a rupee symbol, a bar graph on a computer screen, and a yellow upward arrow representing growth
Posted inDigital Banking

Top Banking Trends for 2025 in India: What Every Banker Must Know

Are you a banking professional in India looking to stay ahead of the curve? The financial sector is evolving rapidly, driven by technology, customer expectations, and government regulations. At BanksConnect.in,…
Posted by Hype August 18, 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
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
RBI Launches Verified WhatsApp Channel: A Game-Changer for Financial Awareness
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 by Hype April 8, 2025
RBI Fines HDFC Bank ₹75 Lakh for KYC Lapses: What Customers Should Know
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 by Hype March 28, 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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