Six Types Of Saving Accounts You Have To Learn About!
Walk into any bank branch or open a finance app, and you’ll see the same pitch in different words: “open a savings account, earn interest, stay secure.” Sounds simple enough. But here’s where it gets a bit tricky. Not all savings accounts are built the same. Some are designed for convenience, some for higher balances,…
Shipra Prajapati
RBI Engages Global Regulators on AI Cyber Risks
The Reserve Bank of India has initiated discussions with global regulators, domestic lenders, and government authorities to assess potential risks associated with Anthropic’s advanced artificial intelligence model, Mythos. Preliminary results suggest our model might speed up the identification and exploitation of software weaknesses, which could be a concern for cybersecurity in the banking sector. Officials…
RBI April Policy in Focus as Markets Track Key Signals
The Reserve Bank of India’s Monetary Policy Committee is set to announce its April policy decision, with markets closely tracking several economic indicators that could influence whether the central bank holds, cuts or rises interest rates. Now here’s how things stand: the swings in crude oil prices keep causing ripples, thanks to unrest across West…
Vipin
RBI Booms the Liquidity Pressure With ₹ 1 Trillion
The Reserve Bank of India has announced new measures to ease liquidity pressures amid advance tax outflows this month. The RBI has unveiled its latest open market operations (OMO) of ₹1 trillion. Market participants said that the RBI’s announced OMO purchase is in focus for injecting liquidity into the banking system to mitigate the liquidity…
RBI Unveils ₹2 Lakh Cr Bond Buys to Push Liquidity
The Reserve Bank of India announced it will add liquidity to the banking system by buying ₹2 lakh crore in government bonds and conducting a $10 billion swap of dollars and rupees. The central bank said these actions will take place from December 29, 2025, to January 22, 2026, to ensure banks have enough money…
India to Enable Digital Payments via Biometrics
India approved the payment method using fingerprint and facial recognition, effective October 8. The authentication will be complete using biometric data stored under the Government of India’s unique Identification system, Aadhaar, said sources familiar with the matter. The initiative follows recent transaction rules, as NPCI revised its limits guidelines in accordance with the RBI, which…
RBI May Lower Rates by 25 Basis Points to Boost Spending
State Bank of India research reports state that they urged a 25-basis-point rate cut, claiming this is “the best possible option” for the RBI. However, some experts believe that the Central Bank’s rate-setting panel will likely opt for a status quo to announce its bi-monthly monetary policy on October 1. RBI Governor Sanjay Malhotra, who…
AU Bank Bags RBI Clearance to Become Universal Bank
AU Small Finance Bank has received the RBI’s in-principle approval to convert into a Universal Bank, a landmark move in its strategic growth trajectory. AU Financiers started its small finance bank operations in April 2017 after receiving the licence in 2015. By June 2025, the bank had built a network of over 2,500 branches and…
ABHYUDAYA MITTAL
RBI May Relax Rules for Foreign Ownership in Indian Banks
India’s central bank for finance, the Reserve Bank of India, is preparing to update rules so that foreign banks can own more of India’s banks. This move is driven by overseas interest in acquisitions and the economy’s need for long-term capital. Last month, the Reserve Bank of India (RBI) relaxed rules for Japan’s Sumitomo Mitsui…
Sumit
ATM Withdrawals to Rail Tickets: 6 News Rules From May 1
The month of May is bringing several changes this year across various sectors, including banking, transportation, energy, and taxation. Here is a comprehensive overview of the key changes. Changes to Come into Effect ATM Withdrawals Starting from May 1, 2025, the Reserve Bank of India (RBI) has approved an increase in interchange fees for ATM…
