Community & General News
KYC Update in Bank Accounts to Get Simpler: RBI Draft Guidelines
26 May 2025 at 11:01The Reserve Bank of India (RBI) has invited public and stakeholder feedback on a draft circular proposing revised guidelines for the updation and periodic updation of Know Your Customer (KYC) details.
RBI Eases Process to Reactivate Inoperative Bank Accounts and Claim Unclaimed Deposits
26 May 2025 at 09:16The Reserve Bank of India (RBI) has released a draft circular titled "Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment), 2025", which proposes modifications to the earlier guidelines issued on January 1, 2024.
Finance Ministry Amends Rule 8 of Securities Contracts Rules to Boost Ease of Doing Business for Brokers
20 May 2025 at 08:57The Department of Economic Affairs (DEA), Ministry of Finance, amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957, via Gazette Notification G.S.R. 318(E). T
RBI Issues New Rs 20 Notes with Governor Sanjay Malhotra's Signature
19 May 2025 at 08:43Issue of Rs 20 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor
FM Sitharaman Reviews UPI, Internet Banking Security Amid Rising Border Concerns
10 May 2025 at 08:56Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI
RBI issues Reserve Bank of India (Digital Lending) Directions, 2025
10 May 2025 at 08:47Reserve Bank of India has from time to time issued various directions and circulars on digital lending by Regulated Entities (REs).
Finance Ministry Brings Key Payment Law Amendments into Force from 9th May 2025
07 May 2025 at 09:00The Ministry of Finance has officially notified that Sections 152 and 153 of the Finance Act, 2017, which amend the Payment and Settlement Systems Act, 2007, will come into force from May 9, 2025.
ED Registers 5113 PMLA Cases Over a Decade
03 May 2025 at 08:37Between 2014 to 2024, 5,113 new PMLA investigations initiated: ED Director Shri Rahul Navin
Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance
02 May 2025 at 08:44The Appointments Committee of the Cabinet on 18th April 2025 appointed Shri Shrivastava as the Secretary, D/o Revenue.Previously, Shri Shrivastava, a 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, served as Joint Secre
FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years
30 April 2025 at 08:57Union Finance Minister Nirmala Sitharaman has set an ambitious roadmap for India's digital payments ecosystem, emphasizing the need to achieve one billion Unified Payments Interface (UPI) transactions per day within the next two to three years.
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