#BankingAwareness Archives - BanksConnect – Simplifying Banking Knowledge

UPI Apps Market Share in India January 2026 showing PhonePe, Google Pay and Paytm transaction volume comparison with December 2025 based on NPCI data

UPI January 2026 Performance – Latest Official Data

📌 Overall UPI Statistics – January 2026 Total Transactions: 21,272.57 Million (≈ 21.27 Billion) Total Transaction Value: ₹28,00,739.45 Crore Average Daily Transactions: ~686 Million This shows sustained momentum compared to…

Hype February 23, 2026

RBI penalty on UCO Bank ₹38.60 lakh February 2026 for savings interest and locker rule violations

Blogging

RBI Imposes ₹38.60 Lakh Penalty on UCO Bank – What Went Wrong?

The RBI penalty on UCO Bank has become a major regulatory development in February 2026. The Reserve Bank of India imposed a monetary penalty of ₹38.60 lakh on UCO Bank…

Hype February 21, 2026

RBI Announcements

RBI Cancels Registration of 15 NBFCs in February 2026, Including Tata Motors Finance – Full List & What It Means

The Reserve Bank of India (RBI) has cancelled the registration of 15 NBFCs in February 2026. This list includes Tata Motors Finance Limited. Because of the Tata name, the news…

Hype February 13, 2026

UPI State Wise Data January 2026 infographic showing Maharashtra leading with 2,271 million transactions and value growth of 1.31% higher than volume growth.

Fintech Apps

UPI State-Wise Data January 2026: Maharashtra Leads, Value Growth Outpaces Volume

India’s digital payments engine continues to show structural strength. The latest state-wise UPI statistics for January 2026, released by the National Payments Corporation of India (NPCI), not only highlight regional…

Hype February 7, 2026

Digital Banking

UPI Breaks All Records in FY 2025–26 as India Goes Fully Digital

India’s digital payment story is getting bigger every year — and UPI is leading the way. From buying tea at a roadside stall to paying EMIs, school fees, and even…

Hype January 21, 2026

RBI approves Japan’s SMBC to set up a wholly owned subsidiary in India

Blogging

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…

Hype January 15, 2026

Aadhaar PAN linking deadline December 31 explained with banking and tax impact illustration by BanksConnect.in

Aadhaar 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…

Hype December 21, 2025

Security personnel outside the J&K Bank Corporate Headquarters building, showing the bank’s main entrance and signage.

Blogging

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…

Hype December 10, 2025

Blogging

RBI Fines HDFC Bank ₹91 Lakh: What It Means for Customers

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹91 lakh on HDFC Bank for regulatory non-compliance. Announced on November 28, 2025, this action stems from internal…

Hype November 30, 2025

Illustration representing the merger of Sharekhan into Mirae Asset Financial Services, approved by NCLT as part of RBI's NBFC consolidation directive in India

Blogging

Sharekhan–Mirae Asset Merger Gets NCLT Green Light: What It Means for India’s Financial Sector

The National Company Law Tribunal (NCLT) has approved the merger of Sharekhan’s NBFC arm into Mirae Asset Financial Services, following RBI’s directive to streamline group-level lending operations. This strategic move marks a broader trend of NBFC consolidation in India’s financial sector.

Hype November 26, 2025