Community & General News
RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh
28 April 2025 at 08:33RBI 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
Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime
26 April 2025 at 08:52Ministry 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.
RBI Mandates '.bank.in' Domain for Banks by 31st October 2025
24 April 2025 at 08:42In 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.
RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently
22 April 2025 at 08:38Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors.
RBI Cuts Repo Rate by 25 bps to 6%
10 April 2025 at 08:29The 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.
RBI Launches Verified WhatsApp Channel for Public Awareness
07 April 2025 at 08:33The RBI is now further expanding its outreach by adding WhatsApp as an additional means to deliver public awareness messages.
No Charges for Updating PPF Nominee Details, Announces FM Sitharaman
05 April 2025 at 09:12In 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.
DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge
03 April 2025 at 08:34Secretary, 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
RBI appoints Shri Indranil Bhattacharyya as new Executive Director
21 March 2025 at 08:43The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025.
Cabinet approves Incentive scheme for promotion of low-value BHIM-UPI transactions (P2M)
20 March 2025 at 08:41The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25
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