Community & General News

Centre Dismisses Claims of Temple Gold Monetisation Scheme Across India

20 May 2026 at 09:19

The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.

Posted in Community & General | 1767 Views

RBI Issues FEMA (Authorised Persons) Regulations, 2026 to Streamline Forex Authorisation Framework

08 May 2026 at 09:32

RBI issues Foreign Exchange Management (Authorised Persons) Regulations, 2026 to simplify forex authorisation, expand the principal-agent model and strengthen India's foreign exchange regulatory framework under FEMA.

Posted in Community & General | 156 Views

DFS Pushes for Tech-Driven Insurance Growth and Broader Coverage Across India

05 May 2026 at 09:23

DFS Secretary M. Nagaraju reviews strategy documents of LIC, GIC Re and Oriental Insurance, stressing insurance inclusion, digital expansion, and improved efficiency.

Posted in Community & General | 165 Views

RBI Gets New Deputy Governor: Rohit Jain Appointed by Centre

04 May 2026 at 09:20

Government of India, vide its notification dated May 02, 2026, and in exercise of the powers conferred by clause (a) of sub-section (1) of section 8 of the Reserve Bank of India Act 1934, read with sub-section (4) of section 8 thereof, has appointed

Posted in Community & General | 63 Views

New FDI Rules: Key Changes Under FEMA 2026

04 May 2026 at 09:20

India notifies FEMA (Non-Debt Instruments) Amendment Rules, 2026, tightening FDI norms, beneficial ownership checks, and approval requirements for border-sharing countries.

Posted in Community & General | 4089 Views

RBI Issues Final Directions on Forex Derivatives Reporting for AD Category-I Banks

28 April 2026 at 09:05

RBI finalizes reporting norms for Authorised Dealer Category-I banks, mandating disclosure of global INR forex derivative transactions to CCIL to boost transparency.

Posted in Community & General | 609 Views

RBI Cancels Paytm Payments Bank Licence Under Banking Regulation Act

27 April 2026 at 09:14

The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank effective April 24, 2026, citing serious governance lapses and regulatory non-compliance under the Banking Regulation Act, 1949.

Posted in Community & General | 2226 Views

FM Sitharaman Flags 'Mythos' AI Threat, Urges Banks to Strengthen Cyber Defences

25 April 2026 at 09:21

Union Finance Minister Nirmala Sitharaman warns of emerging AI risks like 'Mythos' and directs banks to collaborate under SBI's leadership to strengthen cybersecurity and resilience.

Posted in Community & General | 1155 Views

FM Sitharaman Calls for Human Interface in Banking Despite Digital Push

25 April 2026 at 09:13

Finance Minister Nirmala Sitharaman stresses the need for a "human interface" in banking services, balancing digitisation with customer support, MSME funding and cybersecurity preparedness.

Posted in Community & General | 132 Views

RBI Data Shows Moderation in Sales Growth of FDI Companies in India During FY25

24 April 2026 at 09:01

RBI data reveals FDI companies in India saw moderated sales growth at 8.7% in FY25, while profit after tax surged 22.2%, driven by strong services sector performance and improved financial stability.

Posted in Community & General | 93 Views