Current Updates

1. Banking & Customer Updates • New Nomination Rules (Effective from 1 November 2025) Customers can now add up to four nominees for their bank accounts. This simplifies the claim settlement process after the depositor’s death. Applicable to savings, current, FD, RD, and all deposit accounts. • Mandatory Shift to ‘.bank.in’ Domain All banks must […]

🚀 Introduction: Why Should Students Care About RBI Policy? When you hear news like “RBI increases repo rate by 0.25%”, most students switch the channel. It sounds like boring economics—but here’s the truth: RBI’s monetary policy decisions directly impact banking jobs, hiring trends, and the kind of skills banks demand. So if you want a […]

🚀 Introduction: The Big Question Students Ask “Are banks still hiring?”If you’re a fresh graduate looking at the BFSI sector, this question is probably running in your head. With AI, fintechs, and automation reshaping the industry, it’s easy to assume banking jobs are shrinking. But here’s the truth—private banks in India are still hiring in […]

🚀 Introduction: From Passbooks to Payment Apps Not long ago, banking meant standing in queues with passbooks and withdrawal slips. Fast forward to 2025, and you can open an account, apply for a loan, and invest in mutual funds—all from your smartphone. This transformation isn’t random. It’s the result of India’s digital banking boom, fueled […]

🚀 Introduction: Should You Fear AI or Embrace It? Walk into any bank today, and chances are the first person to greet you won’t be a person at all—it’ll be a chatbot. From answering queries to approving loans, artificial intelligence (AI) has quietly become the backbone of modern banking. This leaves one big question: If […]

Hyderabad, India – August 7, 2025 BANKEDGE, a premier Banking and Finance Academy with a pan-India presence, proudly announces the launch of its latest centre in Kukatpally, Hyderabad. This move reaffirms BANKEDGE’s commitment to developing future-ready banking professionals and bridging the skill-employability gap in the BFSI (Banking, Financial Services, and Insurance) sector. The new Kukatpally […]

Every year on 15th August, India celebrates not just the historic moment of our nation’s freedom but also the spirit of self-reliance, growth, and progress. Independence is more than a date in history—it’s the power to shape our own future. In today’s fast-changing economy, true independence also comes from being financially secure and career-ready. And […]

The Reserve Bank of India (RBI) has just dropped its first big monetary policy update for 2025 — and it’s all about stability.The repo rate stays at 5.5%, the stance stays neutral, and there’s even some good news on the inflation front. Here’s what you need to know Repo Rate: Still at 5.5% — no […]

  ⏰ RBI Extends Repo Market Trading Hours from August 1, 2025 The Reserve Bank of India (RBI) has announced a small but significant change to the country’s money market operations. 📢 From August 1, 2025: Market Repo and Tri‑Party Repo (TREP) trading hours will be extended by one hour. New trading window: 9:00 AM […]

The US Federal Reserve surprised the world’s financial markets with a 50 basis point rate cut. This has put RBI Governor Shaktikanta Das now to face fresh challenges as global central bankers enter a monetary policy easing cycle.  Let us see the details here.   The Fed’s rate is now down to a range between […]

Upgrading the existing loan, treated as restructured, can be done only after 10 per cent of the revised repayment instalments is paid Banks’ may turn more circumspect when considering student borrowers’ application for a second education loan. The Reserve Bank of India (RBI) has rejected Banks’ request to not treat realignment of the existing tenure […]

How Interest Rate Changes Affect the Profitability of Banking? When interest rates rise, profitability in the banking sector increases. This is in part because higher interest rates are normally a sign of a booming economy. But one should understand that profits rise mostly because the banks can earn a higher yield on every rupee they […]

Staving off competition from mutual funds, banks look for ways to regain old depositors and find new ones Credit growth should not outrun deposits by miles, Reserve Bank of India Governor Shaktikanta Das cautioned in July, as that may lead to structural liquidity issues. According to the latest RBI data, banks’ credit grew 14 per […]

Risk-based deposit insurance is need of the hour Bank deposits are among the safest asset classes in the world allowing banks the leeway to raise a sizeable share of their resources at one of the most competitive rates. Given the share of savings mobilised by them, they are also subjected to increased regulatory oversight. Worldwide, […]

The Financial Action Task Force (FATF), the global watchdog against money laundering and terrorist financing, is considering new disclosure norms for cross-border online transactions, including credit cards, government officials told Business Today TV. The proposed changes could also involve real-time tracking of the transactions. This shift may affect both international and domestic transactions, a source […]

ATM withdrawal limit: Automated Teller Machines (ATMs) enable you to access funds from your savings and current accounts conveniently and easily. It lets you withdraw money anytime and anywhere. However, there are limits on the number of transactions you can make in a time frame and the maximum amount you can withdraw at one time […]

Extortion e-mails are a type of scam, where cybercriminals send threatening messages to individuals or organisations demanding payment in exchange for not releasing sensitive or embarrassing information. These e-mails typically claim that the sender has compromising information, such as private photos or personal data and threaten to share it with the recipient’s friends, family or the public […]

The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. Let us go through the details as under: In a circular issued recently, the RBI stated that in the case of cash pay-out service, the remitting bank shall obtain […]

A rise in lending to the retail sector could render the banking system vulnerable, after it has just overcome its NPA problem. A renewed focus on retail lending, or the provision of personal loans, by India’s banking system (and the non-bank financial companies they support), is giving the otherwise confident Reserve Bank of India some […]

RBI Governor Shaktikanta Das held a meeting with the MD and CEOs of public sector banks and select private sector banks today, in Mumbai. Reserve Bank of India’s (RBI) Governor Shaktikanta Das on July 3 held meetings with the MDs and CEOs of public sector banks and select private sector banks in Mumbai and urged […]

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. The Governor was delivering the inaugural address at the 18th Statistics Day Conference organized by the RBI, when he said the use of […]

RISK FACTOR. SEBI mandated asset management firms to stress-test open-ended debt schemes every month Scheduled commercial banks (SCBs) are well capitalised and capable of absorbing macro-economic shocks even in the absence of any further capital infusion, per the results of macro stress tests for credit risk conducted by the Reserve Bank of India. Further, SCBs’ […]

Fixed deposits (FD) with banks are the most common investment. But how well protected are FDs? It turns out that only 44 per cent of bank deposits were covered by insurance as of September 2023. And this proportion has been on a decline since 2021, per RBI data. In September 2022, 49 per cent of […]

The Reserve Bank of India (RBI) on 7 June 2024 released the much-awaited circular liberalising the rules governing investments in overseas funds.  What does it say?   The circular permits Indian Limited Partners (LPs) to invest in overseas funds regulated via their regulated investment manager thereby doing away with the erstwhile prerequisite that the investment […]

The Reserve Bank of India on 7th June 2024 announced the introduction of the UPI LITE e-mandate to create a more seamless payment ecosystem. UPI Lite was introduced in September 2022 to enable small value payments quickly and seamlessly through an on-device wallet.Currently, the UPI Lite has a daily limit of Rs 2,000, while the […]

Now, the new threshold for ‘bulk deposit’ is Rs 3 crore, meaning deposits below this amount will not be considered bulk deposits; banks often offer higher interest rates on bulk deposits compared to regular deposits. The Reserve Bank of India (RBI) on June 7 revised the definition of a bank ‘bulk deposit’ to Rs 3 […]

I work in the IT industry and have plans to retire in the next 10 years. I have already planned for my daughter’s education and kept ₹50 lakh aside for this. I have also invested in two properties that are valued at ₹1.2 crore today, and on which I will be paying EMIS (equated monthly […]

Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday unveiled three major initiatives of the Reserve Bank, namely the Pravaah portal, the Retail Direct Mobile App and a FinTech Repository. These initiatives were earlier announced as part of RBI’s bi-monthly Statement on Development and Regulatory Policies in April 2023, April 2024 and December 2023 […]

The Union Finance Ministry (FinMin) has instructed public-sector banks (PSBs) to review their information technology (IT) systems, especially the disaster recovery channels, a senior government official said, requesting anonymity. It is believed that the regulator (Reserve Bank of India) conducts its own audits regularly. We have also requested major PSBs to evaluate their disaster recovery […]

The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government’s treasury bill sales and introducing a new selection of bonds for the Centre’s buyback operations. This move aims to alleviate cash constraints for banks, which have been impaired by muted government […]

In the wake of the ongoing audit at IIFL Finance’s gold loan business, the Reserve Bank of India is said to be reviewing regulations on gold loans. Certain norms pertaining to loan-to-value, cash disbursement limit, assaying of the underlying gold, and auctioning of the precious metal are under review. A detailed circular, or an operative […]

Public Financial Management (PFM) is essential for governments to handle money properly. It’s like a guide that helps governments use public money wisely, transparently, and effectively. In this blog, we’ll explore why PFM is important, how it has evolved, and its impact on various government activities.   WHAT IS PFM AND WHY WAS IT INTRODUCED? […]

The Supreme Court ruling comes amidst a series of appeals filed by various bank staff unions and officers’ associations challenging the taxation rules.   Stunned by a recent ruling by the Supreme Court, the All India Bank Officers’ Confederation (AIBOC) will convene a meeting of its senior officials on Sunday to decide the future course […]

SYSTEMIC CONCERN. Players told to target 15-20% growth Vs current 30% plus run rate. After asking banks and non-banking finance companies to take a calibrated approach to growth, the Reserve Bank of India has signalled fintechs to tamp down. In a meeting recently held with fintech heads, the regulator is said to have told many […]

FORGERY. Embezzlement reported at NBFC’s North-East branch; RBI seen placing curbs. KEY CONTRIBUTOR. The eastern region accounts for 11% of the lender’s total advances, or ₹10,273 crore of total loans, per M&M Finance’s December quarter investor presentation The RBI is looking into a ₹150-crore KYC lapse disclosed by Mahindra and Mahindra Financial Services on Tuesday. […]

PIQUE INTEREST. Banks are lending more than ever, including unsecured credit, even as the RBI moves to curb overreach Bank loan offers are flooding customers via SMS, WhatsApp message, email, calls, and advertisements, promising to meet every kind of need — from home and vehicle purchase to education and wedding expenses. And they are finding […]

HDFC Bank managing director Sashidhar Jagdishan said the lender “will not be chasing growth for the sake of growth” and “will be delighted even if the margins remain at the current levels”. Addressing analysts on Saturday, soon after the bank declared its fourth quarter results, he declined to give any guidance but said the bank […]

The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions, except for the card issuer and card networks, will be permitted to store data. This directive aims to enhance the security and privacy of cardholders’ information during transactions. This regulation will […]

Paytm authorized to migrate users to Axis Bank, HDFC Bank, SBI, YES Bank for UPI payments, ensuring seamless transition with new UPI IDs for uninterrupted transactions. Paytm’s parent company, One 97 Communications (OCL), has been authorized by the National Payments Corporation of India (NPCI) to migrate users to new banks for UPI payments. This follows NPCI’s […]

The Reserve Bank of India (RBI) on April 12 said it has rejected two small finance banks licences filed by Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd as they were found to be not suitable. Dvara KGFS (Kshetriya Gramin Financial Services), backed by impact investor Leapfrog and Stakeboard Capital, is […]

A latest report from ICRA, the rating Agency, after two years of decline, gross fresh non-performing asset (NPA) generation is set to rise for both private and public sector banks (PSBs) in FY25. Further, the rating agency also revised downwards its outlook for the Indian banking sector to “stable” from “positive” for FY25. This is […]

The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public-sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years. The Section […]

Expect smaller loan approvals in policy’s early years, which may necessitate selling of investments instead New regulations on the surrender value of insurance policies have come into force from April 1. Surrender value is the amount paid by an insurance company when a customer ends a policy before maturity. Under the new guidelines released by […]

The Reserve Bank of India (RBI) has proposed to permit the linking of prepaid payment instruments (PPIs) with third-party unified payments interface (UPI) applications to make the digital wallet market interoperable. The move, outlined in the RBI’s statement on developmental and regulatory policies, means wallet holders will no longer have to depend on PPI wallet […]

The Reserve Bank of India (RBI) has kicked off liquidity management operations in the new financial year by con- ducting four variable rate re- verse repo (VRRR) auctions — two each on April 2 and April 3 — to suck out surplus liquidity from the banking system and reinforce its “withdrawal of accommodation” monetary policy […]

There are two guidelines that are going to impact insurance policyholders, starting from April 1, 2024. One is mandatory e-Insurance policies for new policyholders and the other is regarding the surrender charges of the life insurance plans such as endowment policies. Here’s what policyholders need to know: e-Insurance mandatory It is mandatory to hold insurance […]

The Monetary Policy Committee meeting of RBI is scheduled to be held on 5th April 2024 when there is speculation about change in the REPO Rate. Here are the excerpts from the opinions from different sections of people. Foreign brokerages and banks expect the Monetary Policy Committee (MPC) to keep the repo rate unchanged at […]

Travel-based co-branded credit cards are seeing strong growth led by steady demand as more and more users utilise these cards for reward miles and discounts for their domestic and overseas travel. Travel credit cards were the fastest growing category in 2023, with demand rising 27 per cent on year, especially in Tier-2 and Tier-3 towns […]

AU Small Finance Bank merger with Fincare SFB to be effective from April 1, 2024. Here is a question – whether Should you buy, sell or hold the stock? AU Small Finance Bank’s merger with Fincare Small Finance Bank is expected to help AU Bank achieve sustainable growth, boost profitability and support stronger return ratios, […]

The country’s Apex Bank, Reserve Bank of India (RBI) might take a fresh look at its long-standing caps for foreign ownership of government debt as lumpy inflows expected over the next couple of years due to global bond index inclusion alter a critical landscape for the Centre’s debt manager.  Here are the details: In March […]

·       The National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL) to engage as a Third-Party Application Provider (TPAP) under the multi-bank model for Unified Payments Interface (UPI). ·       Under this arrangement, four banks—Axis Bank, HDFC Bank, State Bank of India, and YES Bank—will serve as Payment System Provider (PSP) […]

Nearly two years after introducing a revised regulatory framework for non-banking finance companies, the Reserve Bank of India is set to review the categorisation of NBFCs in 2024. According to sources aware of the matter, the review has become necessary given the NBFCs growth, their business models and the significant change in their operations from […]

To avoid falling into debt with a credit card, you can Give yourself a 72-hour rule on big purchases and impulse buys. Pay off charges right away. Don’t save your credit card info on shopping sites. Find an alternative when you feel like shopping. Don’t finance expenses with your credit card.   Let us go […]

January 31st, 2024 – a news was out that shook the Fintech companies, merchant users and of course the retail users, who are none else than we, the general audience.   Prelude to the Latest News The Governing Body of banking and finance, RBI, had issued a ban on Paytm Payments Bank (PPBL) for non-compliance […]

Personal loans are a way to use tomorrow’s income today, and the process involved is simple. But you must note that the interest rates are much higher than, say, for a car loan. This is because personal loans are unsecured loans. This means that the loan is not backed by any asset. The loan amount […]

HDFC Bank has set the ball rolling for the much-anticipated initial public offering of its subsidiary HDB Financial Services. The country’s largest lender by market capitalisation intends to schedule the launch of the share sale in its financial services arm in the last quarter of calendar 2024 or the first quarter of 2025, said sources […]

The Regualtor, Reserve Bank of India has approved the merger of Fincare Small Finance Bank with AU Small Finance Bank which shall be effective w.e.f 1st April 2024. Bank Merger Update Once again there is going to be a merger of banks in the country. Reserve Bank of India has said that from April 1, […]

The Reserve Bank of India, has advised banks and non-banks to permit their customers to decide on the credit card network.  This means, credit card issuers, especially those with a large customer base, will have to enter into tie-ups with multiple card networks.  Current Scenario Presently the choice of network for a card issued to […]

A New Regulation is in place for Non-Banking Entities In view of making a substantial expansion in payment landscape through various payments system like Unified Payments Interface (UPI), Internet Banking, Pre-paid Payment Instruments (PPIs), RBI felt the need to review and update their regulations. The new regulations allow a number of non-banking payment providers to […]

New KYC updation process soon? Banks are working on strengthening their KYC (Know Your Customer) standards by adding extra verification layers to identify accounts and account holders. This initiative is being discussed with the Reserve Bank of India (RBI) and the government. The plan includes updating all existing accounts, especially those with a single phone […]

RBI’s new regulatory guidelines on various FINTECH processes In the aftermath of impeding ban on Paytm, there were rumours that other UPI payments system may also go through similar scrutiny. It appeared as if RBI was standing against Fintech companies and its success. Even the RBI Governor had to speak up on the issue and […]

General Guidelines: Individuals depositing Rs 10 lakh or more in a savings account during a financial year will have the transaction reported to the income tax authorities by the bank. TDS will be levied on cash withdrawals exceeding certain limits. Failure to establish the source of income for cash deposits may result in taxation at […]

Introduction 1. Payment Banks, as per RBI guidelines, are a new category of banks conceptualised to provide efficient banking services to small businesses and low-income households. 2. These banks focus on facilitating financial transactions, including receiving deposits and making payments, but do not undertake lending activities like traditional banks. Maximum Balance: Payment banks are initially […]

Finance Minister Nirmala Sitharaman on Wednesday asked financial sector regulators, including the Reserve Bank of India (RBI), to take further measures to check spread of unauthorised lending through online apps.Addressing the 28th meeting of the Financial Stability and Development Council (FSDC) here, Sitharaman also asked regulators to maintain constant vigil and be proactive towards detecting […]

What is this Financial Facility Known as Seed Funding and Can You Have Your Own Start-Up with its Help? Let’s Find Out. In a bizarre news by itself, a start-up named PocketATM is making rounds in the news for raising 3.3 crore pre-seed funding. Why is this start-up able to make such big news? What’s […]

Unified Payments Interface, commonly known as UPI, has been a game changer for digital payments in India. From getting groceries to buying your favorite gadget, one can quickly make a UPI payment with no additional charges. UPI is no longer limited to India and the number of countries accepting it keeps growing. What is UPI […]

Addressing concerns around the curbs imposed on Paytm Payments Bank, the Reserve Bank of India issued an FAQ (Frequently Asked Questions) detailing what will be the future of the bank, how can customers and merchants utilise or withdraw their funds, and what will be allowed post March 15. Businessline breaks it down: What happens to […]

India and UAE signed the DTAA (Double Taxation Avoidance Agreement) in 1992 in order to avoid double taxation of residents of both countries on the same income.  Accordingly, we find that NRIs in UAE enjoy tax benefits on investments in Mutual Funds.  Here is an article, which debates as to whether this is profitable to […]

Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in […]

On 31st January, 2024, the governing body of banking industry, the Reserve Bank of India (RBI) issued a ban on Paytm Payments Bank Ltd. (PPBL). The ban is applicable on all kinds of Paytm transactions such as wallets, FASTags, top-ups, prepaid instruments deposits in customer accounts, National Common Mobility Cards (NCMC) and any operations included […]

Why has the apex banking regulator penalised Paytm Payments Bank Ltd? How is it going to affect the services of the fintech company? What are the concerns regarding money laundering? The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India (RBI) barred its payments bank subsidiary, Paytm […]

If bank customers request deletion of loan data from the database of a credit information company (CIC), exercising a right under the Digital Personal DataProtection (DPDP) Act, they may no longer be able to continue with the banking system in the future, according to an IT Ministry official. The DPDP Act, 2023, was notified in August last year but […]

·       The six member Monetary Policy Committee (MPC) of the Reserve Bank of India might maintain the status quo for the sixth consecutive policy review, as per the respondents in a Business Standard poll. ·       It is expected that RBI would announce its decision after a review of its policy on February 8th 2024. ·       […]

Spend only as much as you can afford to repay, do not exhaust the entire credit limit and establish a strong repayment history. It is also important to regularly monitor the usage on your secured credit cards as well as your monthly credit score to see the impact. _________________________________ Radhika Binani A good credit score […]

The Chairman of State Bank of India (SBI) has said that the bank is reaching out to merchants to support payment systems in the light of regulatory action on PayTM Payments Bank. The nation’s largest lender will be happy to welcome merchants and is also open to a one-time migration of accounts from the besieged […]

France has allowed the Unified Payments Interface (UPI) to work in the country. NPCI International Payments Limited (NIPL) and Lyra, a French leader in securing e-commerce and proximity payments, have announced the acceptance of the UPI payment mechanism in France. From now on, Indian tourists can book their visit to the Eiffel Tower by purchasing […]

The interim Budget 2024 unveiled on Thursday has set the stage for Reserve Bank of India to go in for 50 basis points cut in repo rates this year, say foreign banks and brokerage houses. “With government gross borrowing programme likely to decline by 8.5 per cent YOY into the next year, G­Sec Yields (10 […]

In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had directed Paytm Payments Bank Ltd (PPBL or the bank) to stop onboarding of new customers with immediate effect. 2. The Comprehensive System Audit report and subsequent compliance validation […]

SBI Mutual Fund has launched the SBI NIFTY50 Equal Weight Index Fund, which offers investors an opportunity for balanced diversification as compared to NIFTY 50 index funds. Minimum investment is Rs 5,000. New fund offer closes on January 29, 2024. _______________ SBI Mutual Fund has launched the SBI NIFTY50 Equal Weight Index Fund. It allocates […]

The rupee remained stable over the dollar in the past week. It closed at 83.11 on Tuesday compared to 83.16 last week. The Indian currency remained flat despite challenges like foreign outflows and rising crude oil prices. According to NSDL (National Securities Depository Limited), the net FPI (Foreign Portfolio Investors) outflow over the past week […]

Bank fixed deposits (FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can’t stomach risk. But overexposure to FDs is not good, and you need to assess your asset allocation and goals to decide how much money you should park in […]

These funds are backing litigation against broken environmental pledges, corporate misdeeds. A successful case can leave a litigation funder with returns well in excess of 25% In a corner of finance that rarely generates headlines, investors are busy mapping out paths to huge returns as they contemplate the fallout of new laws in Europe. The […]

It has come to the fore, that borrowings by NBFCs from commercial banks is on an increase and Reserve Bank of India, the apex Regulator has noted the same with concern. RBI has hence advised the NBFCs to diversify their funding sources in the coming year ie. 2024, due to the rising competition in the […]

BACK TO BASICS. With the last date for making nominations to MF investments fast approaching, here’s why it is important. While making new investments, investors are often in a hurry to complete the procedure and, thereby, overlook important as pects such as nomination. Little do they know that this lapse can force their family to […]

What is Securitization? Securitization is the process of taking an illiquid (a stock or bond or other assets which cannot be sold easily) asset or group of assets and, through financial re-engineering (a process of overhauling) and transforming it (or them) into an investable security. For example, a group of home loans or Vehicle Loans are […]

In today’s age, it is quite easy to construct a house or buy a flat by taking a home loan. Be it a bank or a non-financial bank, one has to submit papers of the property as collateral in lieu of loan. Many times, people mortgage movable or immovable property. It has also been observed […]

The Reserve Bank of India (RBI) on December 11 cautioned public not to fall prey to misleading advertisements related to loan waiver offers in print media as well as on social media platforms. In a statement, the RBI said it has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities, it said, […]

Vivek Joshi, Secretary, Department of Financial Services | Photo Credit: KAMAL NARANG DFS Secretary Vivek Joshi leads crucial meeting, advocates coordinated action among policy makers, regulators, and banking leaders The country’s top policy makers, bureaucrats, bankers and regulators overseeing financial and telecom sector on Tuesday brainstormed the strategy and measures that would be taken in […]

We are aware that Fintech is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike.  The usage goes with how people require their business to be transacted and these account from digital money to double-entry book-keeping.  All financial institutions […]

Reserve Bank of India Governor, has identified three challenges facing the global economy which are: Slow moderation in inflation, Slowing growth with obstacles, and Risks of financial stability. The Governor expressed concerns about the impacts of shocks like rising crude oil prices and bond yields, which he referred would hamper the responses of central banks.  […]

There are several tools available with RBI to boost the liquidity in the banking system.  Few of them are adjustment through Repo Rate and Reverse Repo Rate, Increasing and decreasing CRR and SLR and so on.  Another important tool available with RBI is Forex Swap which boosts the liquidity in the system amid tax outflows […]

Equity funds that invest a larger percentage of their total assets in organizations with a high market capitalization are called Large Cap mutual funds.  These companies enjoy a great reputation in the market and have a proven track record of providing wealth to investors over an extended period of time.  Hence Large Cap funds are […]

Expands scope of regulated entities, broadens definition, refines identification process The Reserve Bank of India has issued a draft paper proposing revisions in the guidelines for handling wilful defaulters, wherein it has expanded the scope for regulated entities that can classify borrowers as wilful defaulters, broadened the definition of wilful default, and refined the identification […]

AIFIs will be required to maintain a minimum total capital of 9 per cent by April 2024 The RBI has introduced norms on the Basel III capital framework, fund raising, exposure guidelines, and norms on classification and valuation of investment portfolios for All India Financial Institutions (AIFIs), which will come into effect from April 2024. […]

An RBI circular that requires lenders to take a quick call on classifying wilful defaulters will also allow borrowers to shake off the tag by entering into a compromise settlement with banks. In June 2023, the central bank, in its circular on compromise settlements, had allowed one-time settlement of wilful defaults only if a higher […]

The merger of Housing Development Finance Corp (HDFC) with HDFC Bank has opened up space for other mortgage lenders to raise funds from the debt market at a cheaper rate as more money is now available for other companies, market participants said. The biggest beneficiary of HDFC’s exit, which used to corner more than half […]

In its last bi-monthly monetary policy review, the RBI asked Banks to maintain an I-CRR of 10 per cent The Reserve Bank of India (RBI) has decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which it prescribed as a temporary measure last month to impound Banks’ surplus liquidity, in three stages, beginning September 9, […]

BankEdge, a leading name in the Banking and Finance education sector, celebrated its 9th Anniversary on September 9th. This significant milestone marks nine years of excellence in providing top-notch training and career opportunities to aspiring banking professionals. Since its establishment in 2014, BankEdge has been dedicated to shaping the future of banking by nurturing talent, […]

The Reserve Bank of India urged the directors of Urban Co-operative banks to further strengthen governance practices emphasizing the importance of a professional Board of Management as the quality of governance was the most important aspect in ensuring stability of individual banks. The Reserve Bank stressed the need to strengthen the three pillars supporting pillars […]

Uday Kotak’s decision to step down as managing director and chief executive officer of Kotak Mahindra Bank marks the end of an era that saw a clutch of lenders blooming into large financial conglomerates. Kotak along with Deepak Parekh, Aditya Puri, and KV Kamath played a pivotal role in development of these financial giants including […]

BANKEDGE Academy, a leading name in banking and finance education, is thrilled to announce its strategic collaboration with EDUEDGE PRO Private Limited to introduce an innovative Post Graduate Program in Investment Banking and Global Markets. This partnership aims to provide aspiring finance professionals with comprehensive and industry-relevant training to excel in the dynamic world of […]

New UPI features developed by National Payments Corporation of India (NPCI) was launched by the RBI Governor. The product offerings include Credit Line on UPI; UPI Lite X; Tap & Pay; Hello! UPI; and BillPay Connect. The central bank informs that credit lines on UPI to increase access to credit, and promote financial inclusion and innovation through pre-sanctioned […]

Bankedge Academy, Kanpur, celebrated its 9th anniversary by felicitating students who excelled in their performance and secured placements with prominent private sector banks. The event witnessed the presence of esteemed Chief Guests, MLA Shri Anil Singh and MLA Shri Surendra Maithani from the Bharatiya Janata Party (BJP). Bankedge Academy, Kanpur, a leading educational institution, marked its anniversary by recognizing the exceptional achievements of its […]

India and New Zealand are discussing introducing Unified Payments Interface (UPI) in the island nation, which would promote ease of doing business, trade and tourism between both countries, the commerce ministry said in a statement on Tuesday. “Ministers (Indian and New Zealand trade ministers) welcomed early discussions between National Payments Corporation of India (NPCI) and […]

Courtesy: Updesh Times

  Courtesy: Suryoday Bhaskar

    Courtesy: IB NEWS – Dainik Indian Block

Appoints BCG to guide on revamp In what could be one of the largest branch rationalisation exercises by any regional rural bank (RRB), Baroda UP Bank — sponsored by Bank of Baroda (BoB) — has decided to merge and close down 268 branches in semiurban and rural areas of Uttar Pradesh as part of a […]

One of the key factors contributing to the decline in the value of the rupee against the US dollar is the tightening yield spread between the 10-year India government bond and the US government bond. The yield on a 10 year Indian Government bonds is now only 295 basis points higher than that of US […]

Card payments in India are likely to hit the ₹ 27.9 trillion mark in 2023, up 28.6 per cent yearonyear ( YoY), according to a report by GlobalData, a Londonbased leading data and analytics company. Card payments´ value in India, GlobalData said, grew 26.2 per cent in 2022, driven by economic growth, consumers´ increasing preference […]

Barring a few, most banks have shown a drop in low-cost CASA. Ditto for their net interest margin. The credit quality is holding up, but some banks have reported fresh slippages. The combined net profits of 32 listed private and public sector banks (PSBs) were up 40.56 per cent in FY23 to close to about […]

The Reserve Bank of India (RBI) has decided to bring out rules that could potentially restrict card issuers from engaging in exclusive agreements with card networks like Mastercard, Visa or RuPay. The central bank also proposed that rules would be applicable to both banks and non-banking financial companies that issue credit cards, debit cards, or […]

The Reserve Bank of India on Thursday launched a centralised Web portal, UDGAM (Unclaimed Deposits Gateway to Access Information), for members of the public to make it easier to search their unclaimed deposits across multiple banks at one place. UDGAM, which was launched by RBI Governor Shaktikanta Das, will aid users in identifying their unclaimed deposits and accounts and […]

The Reserve Bank has opted for the services of global consulting companies McKinsey and Company India LLP, along with Accenture Solutions Pvt Ltd. India, to create systems that utilize artificial intelligence and machine learning for its supervisory operations. The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its […]

Personal loans are a way to use tomorrow’s income today, and the process involved is simple. But you must note that the interest rates are much higher than, say, for a car loan. This is because personal loans are unsecured loans. This means that the loan is not backed by any asset. The loan amount […]

HDFC Bank chief Sashidhar Jagdishan on Friday flagged funding as a risk for the lender after the successful USD 40 billion amalgamation with its parent. “As you know, the risks of the merger is the funding part of it,” Jagdishan told shareholders of the largest private sector lender at its maiden annual general meeting after […]

Cash Reserve Ratio or CRR as it is termed, is a monetary policy tool used by the Central Bank to regulate money supply and control inflation. It is the percentage of Bank’s net Demand and Time Liabilities (NDTL) required tobe maintained as Cash Reserve with RBI. It includes deposits and certain other liabilities of commercial […]

Credit card default rose to ₹4,072 crore, or 1.94%, at the end of March 2023, Parliament was informed on Tuesday. “As per the inputs received from the Reserve Bank of India, in respect of defaults in credit cards, the gross non-performing assets (GNPAs) in credit cards was ₹3,122 crore in March-2022 and ₹4,072 crore in […]

Moody’s cut the credit ratings of a host of small and mid-sized U.S. banks late Monday and placed several big Wall Street names on negative review. The firm lowered the ratings of 10 banks by one rung, while major lenders Bank of New York Mellon, U.S. Bancorp, State Street, Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review for a potential […]

Hefty charges. Over ₹8,000 cr levied for additional ATM transactions; ₹6,000 cr for SMS: FinMin Public sector banks and five major private sector banks together collected charges amounting to over ₹35,000 crore since 2018, on account of non-maintenance of minimum balance, additional ATM transactions and SMS service charges, Finance Ministry informed the Rajya Sabha. Data […]

Mumbai: Fino Payments Bank Ltd. on Friday said that its board has approved a proposal to transition into a small finance bank. With this, Fino has become the first such entity to move towards becoming a small finance bank (SFB) since the Reserve Bank of India in 2019 allowed payments banks to apply for conversion […]

The AU Savings Account offers a competitive interest rate up to 7% on the savings balance, providing a reliable and rewarding option for customers Mumbai – A Savings Account is a type of deposit account offered by banks and financial institutions, enabling customers to deposit and withdraw funds conveniently and at their will akin to the […]

ARC executives find written-off assets particularly appealing as the number of sizeable bad loans awaiting recovery have dipped, thanks in part to banks’ persistent corrective measures, including selective targeting of corporate borrowers. Asset reconstruction companies (ARCs) are capitalizing on the opportunity to acquire written-off loans, given the substantial pool of such assets available with lenders, and […]

Treasury bills, also called as T-bills, are short-term financial instrumentsissued by the Government of India aimed to lower market risks. These are now available in three tenors viz 91 days, 182 days, and 364 days. Also, Treasury bills are zero coupon interest-free securities, which are sold at a discount and then redeemed at face value on maturity. […]

Personal loans are a way to use tomorrow’s income today, and the process involved is simple. But you must note that the interest rates are much higher than, say, for a car loan. This is because personal loans are unsecured loans. This means that the loan is not backed by any asset. The loan amount […]

BANKEDGE, a leading provider of skill development programs for the banking and financial services industry, is pleased to announce its latest initiative to empower students seeking careers in branch banking. In an effort to enhance their job readiness and equip them with essential industry knowledge, BANKEDGE will now offer NISM Certification Training free of cost […]

Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme […]

Banking interviews can be touch, we give you some food for thought through this blog series. The titled question is probably the most common and the trickiest questions asked in a bank recruitment interview. The answer may vary from candidate to candidate as different people have different reasons to join the bank. But have you ever considered what […]

They say, money makes money. Yes, money is powerful and if you make good pact with money, your money can grow. It will take some smart work to grow your money, invest in assets, save and invests, plan and budget your spending. Handling money is truly an art which you need to master. Many of […]

They stripped or ran down assets to a degree where the liquidation value was a fraction of the claims of banks By CP ChandrasekharJayati Ghosh Around a month ago, the Reserve Bank of India, in a controversial circular, reversed its long-standing policy of not allowing banks to arrive at compromise settlements with wilful defaulters or […]

Banks small or big, offers variety of services to its customers. Bank locker is one of the traditional service offering by the bank. Many a times, customers prefer to keep important documents, jewellery and other valuable portable assets safely in banks. Banks allocate the locker facility to customers who have a strong financial backing and […]

Bank locker rules: बैंक लॉकर के नए नियमों को लेकर इस समय काफी चर्चा हो रही है. कई ग्राहक तो ऐसे हैं जिन्हें इन नए नियमों के बारे में कोई जानकारी ही नहीं है. बता दें कि नए नियम ग्राहक के फायदे के ही हैं इसलिए बिना देर किए बैंक जाएं. What is new bank […]

Shoulder Surfing: Shoulder surfing is a social engineering technique through which personal or private information is obtained through direct observation. It is conducted by observing what someone is doing by looking over their shoulders. There are two types of shoulder surfing. The first type of attack is where direct observation is used to obtain access to […]

As a share of overall bank credit, card balances stand at 1. 4%. Among personal loans, they are the thirdlargest segment after housing (14. 1%) and auto loans (3. 7%). The share of credit card dues had hit a high of 1. 2%, just before the global financial crisis of 2008. After defaults in small-ticket […]

Reserve Bank of India: The licenses of many co-operative banks have been canceled by the Reserve Bank of India in the financial year that ended on March 31. If you also have an account in these banks, then you should be updated about this news. These banks have faced strict action from the Reserve Bank […]

RBI Governor Das says ‘job is only half done with the fight against inflation not yet over’; Deputy Governor Patra stresses policy needs to remain in ‘brace’ mode to ensure shocks from supply demand mismatches leave no scars on the economy. The Hindu Bureau MUMBAI The Monetary Policy Committee’s job was only half done in […]

What to do Before Interviews? Before you go for an interview you need to prepare yourself well. This is because in the process of an interview every aspect of yours will be analysed very critically. Whatever you have to say about yourself will be probed. Your answers will make room for many other questions. So […]

Home » Special Feature » From Front desk to Manager, Salaries Have Gone Up in BFSI Sector: Santosh Joshi, BankEdge Special Feature June 21, 2023 | 1:39 pm From Front desk to Manager, Salaries Have Gone Up in BFSI Sector: Santosh Joshi, BankEdge All Things Talent Team Santosh Joshi, CEO, BankEdge   Emerging technologies, a […]

Preparing for banking interviews is always a tough task. Fret not, Bankedge PickUp cell is here for your quick help. Yes, Bank interviews are difficult but with the right preparations and guidance, you can clear the interview with ease. In this special blog, we give you some readymade answers to some difficult questions asked by […]

A report of India Ratings and Research (Ind-Ra) reveals, that Private sector banks have seen slippages and loan write-offs at 44 per cent, as against 23 per cent in case of public sector banks. In the past ten years period, Banks are seeing the best-ever asset quality according to this report. It adds to say […]

Chief Justice S.V. Gangapurwala and Justice P.D. Audikesavalu record the submission of Reserve Bank of India that it had already issued elaborate guidelines to all banks with respect to the issue of engaging recovery agents June 16, 2023 11:34 pm | Updated 11:34 pm IST – CHENNAI Mohamed Imranullah S. _____________________________ If banks have to […]

Disinflation is a process of slowdown in the rate of increase of the general price level of goods and services in a nation’s gross domestic product over time.  In other words, it is the opposite of reflation which refers to a process of economic recovery with a combination of both Fiscal and Monetary policies.  A […]

BankEdge Academy provides skill-based job ready training programs in Banking and Finance Editorial Staff How do you equip students with the necessary skills and knowledge to thrive in the dynamic world of Banking and Finance? Upon completing their graduation, students often face the pressure to secure employment and start earning, particularly in the middle-class and […]

The Public Sector Bank, Bank of Baroda has announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank’s ATMs. Bank of Baroda is the first public sector bank to launch this service. Bank of Baroda customers as well as customers of other participating issuer banks […]

**Courtesy: Economic Times dt 9th June 2023

The Reserve Bank of India kept the interest rates unchanged for the second straight monetary review meeting amid abating price pressures and showed a favourable picture on medium term economic growth that is likely to be the best among the world economies. The RBI Governor showed a clearer path to the future, though the political […]

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Axis Rupay Credit Card on UPI Axis Bankis the sixth bank to launch Rupay credit cards on UPI after Punjab National Bank, Union Bank of India, Indian Bank, HDFC Bank, and Canara Bank. This means, you can now link Axis Bank RuPay Credit Cardwith the UPI application by entering the credit card's last six numbers and expiry date. Customers can currently [...]

Paytm Payment Bank offers new UPI features

Best Home Loan Rates

Private Banks Bet on Non-Govt Capex, NBFC Growth

Stagger your entry into Medium and Long Term Debt funds

How do i manage my credit debt?

Frauds Detection

EMIs for UPI payments from ICICI Bank

Lessons for India from US Bank Debacle. **Courtesy: Business Lines dt 11th April 2023

Digital Lending Digital Lending involves lending through web platforms or mobile apps, utilizing technology for authentication and credit evaluation. History reveals that lending has been a transaction in which the lender gives money to the borrower in exchange for a return (interest) on the money. There are a variety of complex lending and financing instruments [...]