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…
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 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…
Posted inDaily News
RBI Slaps ₹66.60 Lakh Fine on HSBC for Rule-Breaking
The Reserve Bank of India (RBI) recently cracked down on The HongKong and Shanghai Banking Corporation Limited (HSBC),…
Posted inDaily News
Bank of India Penalized ₹1 Crore by RBI for Failing to Transfer Unclaimed Deposits
"RBI fines Bank of India ₹1 crore for failing to comply with the Depositor Education Fund regulations. Learn more about the penalty and its implications on Banks Connect."
Posted inDaily News
“J&K Bank Penalized ₹3.31 Crore: A Closer Look at RBI’s Compliance Crackdown”
"RBI fines Jammu & Kashmir Bank ₹3.31 crore for non-compliance with financial inclusion, KYC, and loan guidelines. Learn more with examples on Banks Connect."
Posted inDaily News
Another Bank Shutdown: RBI Ends Vaishali Co-operative Bank Operations
In a recent move to safeguard depositor interests and maintain financial stability, the Reserve Bank of India (RBI)…
Posted inDaily News
RBI Cancels Certificate of Registration of Zavron Finance Private Limited Over Irregular Lending Practices
The Reserve Bank of India (RBI) has revoked the Certificate of Registration (CoR) of Zavron Finance Private Limited,…
Posted inBlogging
Your Complete Guide to Types of Loans in India (2025)
Introduction: Choosing the Right Loan for Your Financial Goals Loans play a vital role in helping individuals and…
Posted inDaily News
RBI Cancels Certificates of Registration of Six NBFCs
The Reserve Bank of India (RBI) has announced the cancellation of Certificates of Registration (CoR) of six Non-Banking…