Others News

KYC Update in Bank Accounts to Get Simpler: RBI Draft Guidelines

26 May 2025 at 11:01

The 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.

Posted in Others | 912 Views

RBI Eases Process to Reactivate Inoperative Bank Accounts and Claim Unclaimed Deposits

26 May 2025 at 09:16

The 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.

Posted in Others | 1764 Views

Finance Ministry Amends Rule 8 of Securities Contracts Rules to Boost Ease of Doing Business for Brokers

20 May 2025 at 08:57

The 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

Posted in Others | 1239 Views

RBI Issues New Rs 20 Notes with Governor Sanjay Malhotra's Signature

19 May 2025 at 08:43

Issue of Rs 20 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor

Posted in Others | 261 Views

FM Sitharaman Reviews UPI, Internet Banking Security Amid Rising Border Concerns

10 May 2025 at 08:56

Union 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

Posted in Others | 1530 Views

RBI issues Reserve Bank of India (Digital Lending) Directions, 2025

10 May 2025 at 08:47

Reserve Bank of India has from time to time issued various directions and circulars on digital lending by Regulated Entities (REs).

Posted in Others | 210 Views

Finance Ministry Brings Key Payment Law Amendments into Force from 9th May 2025

07 May 2025 at 09:00

The 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.

Posted in Others | 3579 Views

ED Registers 5113 PMLA Cases Over a Decade

03 May 2025 at 08:37

Between 2014 to 2024, 5,113 new PMLA investigations initiated: ED Director Shri Rahul Navin

Posted in Others | 219 Views

Shri Arvind Shrivastava takes charge as Secretary, Department of Revenue, Ministry of Finance

02 May 2025 at 08:44

The 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

Posted in Others | 162 Views

FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years

30 April 2025 at 08:57

Union 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.

Posted in Others | 306 Views