Others News

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 | 195 Views

RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh

28 April 2025 at 08:33

RBI has introduced a key amendment to its compounding framework under the Foreign Exchange Management Act (FEMA), 1999. As per A.P. (DIR Series) Circular No. 04/2025-26

Posted in Others | 1617 Views

Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime

26 April 2025 at 08:52

Ministry of Finance has notified the inclusion of the Indian Cyber Crime Coordination Centre (I4C) under the list of agencies authorized to receive information under the PMLA 2002.

Posted in Others | 1080 Views

RBI Mandates '.bank.in' Domain for Banks by 31st October 2025

24 April 2025 at 08:42

In a strategic move to curb digital fraud and bolster cybersecurity in India's financial sector, the Reserve Bank of India (RBI) has announced the operational rollout of the exclusive Internet domain '.bank.in' for all banking institutions.

Posted in Others | 189 Views

RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently

22 April 2025 at 08:38

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors.

Posted in Others | 2961 Views

RBI Cuts Repo Rate by 25 bps to 6%

10 April 2025 at 08:29

The Monetary Policy Committee (MPC) held its 54th meeting from April 7 to 9, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India.

Posted in Others | 1281 Views

RBI Launches Verified WhatsApp Channel for Public Awareness

07 April 2025 at 08:33

The RBI is now further expanding its outreach by adding WhatsApp as an additional means to deliver public awareness messages.

Posted in Others | 1947 Views

No Charges for Updating PPF Nominee Details, Announces FM Sitharaman

05 April 2025 at 09:12

In a significant relief for millions of Public Provident Fund (PPF) account holders, the Union Government has announced that no charges will be levied by financial institutions for updating or modifying nominee details in PPF accounts.

Posted in Others | 1521 Views

DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge

03 April 2025 at 08:34

Secretary, DFS chaired a meeting at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to KYC compliance with the objective of making life of citizen comfortable while availing Financial Services

Posted in Others | 114 Views

RBI appoints Shri Indranil Bhattacharyya as new Executive Director

21 March 2025 at 08:43

The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025.

Posted in Others | 141 Views