Community & General News

RBI guidelines ensure multilingual customer communication and a quicker grievance redressal by banks

13 August 2025 at 08:47

The Reserve Bank of India (RBI) mandates banks to communicate with customers in Hindi, English and the regional language, ensuring clarity and accessibility.

Posted in Community & General | 363 Views

MSMEs to Benefit from Faster Credit Flow via RBI's Unified Lending Interface

09 August 2025 at 09:03

Government boosts MSME growth with enhanced credit schemes, SRI Fund, and SAMADHAAN portal; RBI's Unified Lending Interface promises faster, simpler loans for small businesses.

Posted in Community & General | 132 Views

Ministry of Finance Appoints Solomon Arokiaraj as Member of IFSCA Authority

08 August 2025 at 08:42

The Ministry of Finance has notified the appointment of Mr. Solomon Arokiaraj, Additional Secretary in the Department of Economic Affairs, as a Member of the International Financial Services Centres Authority (IFSCA).

Posted in Community & General | 228 Views

India Boosts Digital Transactions: RuPay, UPI Incentives & Cyber-Security Measures Announced

05 August 2025 at 08:43

The Government, Reserve Bank of India (RBI) and National Payment Corporation of India (NPCI) have been taking up various initiatives to promote digital payment transactions.

Posted in Community & General | 210 Views

RBI Says 98.31% of Rs 2000 Notes Returned to Banks as of July 31, 2025

02 August 2025 at 08:50

RBI reports that RS 2000 banknotes in circulation have declined from Rs 3.56 lakh crore to Rs 6,017 crore as of July 31, 2025 marking a 98.31% return rate. Rs 2000 notes remain legal tender.

Posted in Community & General | 135 Views

Centre Notifies Concessional Guarantee Fee for Borrowings by Infrastructure Bank from Global Institutions

31 July 2025 at 09:11

The Ministry of Finance has notified a 0.1% concessional government guarantee fee for NaBFID borrowings from multilateral and foreign institutions, boosting access to low-cost funds for infrastructure development.

Posted in Community & General | 375 Views

Finance Ministry Denies Inactive PM Jan Dhan Yojana Account Closure Directive

09 July 2025 at 08:56

Ministry of Finance, has strongly refuted media reports suggesting that it has instructed banks to close inactive accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY).

Posted in Community & General | 102 Views

RBI: Rs 6099 Crore Worth of Rs 2000 Notes Still in Circulation as of June 2025

02 July 2025 at 08:55

As of June 30, 2025, only Rs 6,099 crore worth of Rs 2000 notes remain in circulation, a dramatic decline from the Rs 3.56 lakh crore recorded on May 19, 2023.

Posted in Community & General | 183 Views

Finance Ministry Releases Rs 100 and Rs 75 Silver Commemorative Coins Honouring National Icons

28 June 2025 at 09:09

The Ministry of Finance has officially announced the release of two special commemorative coins, celebrating two significant events in India's cultural and statistical legacy.

Posted in Community & General | 525 Views