#BankingAwareness Archives - Page 2 of 3 - BanksConnect

Finance Minister addressing media; announcement on CIBIL score not being mandatory for first-time loans in 2025. Illustration shows credit score meter (0–900) and a worried man, highlighting relief for new borrowers.

CIBIL Score Not Mandatory for First-Time Loans: What 2025’s Big Update Means for You

A New Dawn for First-Time Borrowers Dreaming of your first car, home, or business loan but hesitant because you don’t have a credit score yet? You’re not alone. For years,…

Hype September 22, 2025

Infographic showing various investment options available in India in 2025 including stocks, mutual funds, fixed deposits, government schemes, real estate, gold, and alternative investments with a summary table of risk levels and typical returns

Savings & Investments

All Investment Options Available in India: The Complete 2025 Guide

Investing wisely is the key to growing your wealth and securing a financially comfortable future. But with so many investment options available in India, it’s easy to feel overwhelmed. From…

Hype September 6, 2025

Image showing Indian Prime Minister with text highlighting major financial changes from July 2025 in Aadhaar, tax, railways, and banking cards, alongside visuals of Aadhaar card, PAN card, and Indian currency notes

Policy Updates

Financial Changes in India from July 1, 2025: What You Should Know

If you’ve been paying attention to the news, you might have noticed a bundleof changes happening from July 1, 2025, that will affect everything from your taxes to your train…

Hype July 6, 2025

Illustration of an Indian cheque being filled out, with labeled sections such as date, payee name, amount, and signature, accompanied by a Rupee symbol coin and bold title reading "What is a Cheque? Understanding Its Types and Uses in India".

Blogging

What is a Cheque? Understanding Its Types and Uses in India

In the modern age of digital transactions, cheques remain an essential mode of payment in India, especially for larger transactions. Despite the rise of mobile banking and online payments, cheques…

Hype June 4, 2025

RBI Announcements

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

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 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

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