All About Unified Lending Interface That RBI Is Planning To Launch –Will It Be Similar To UPI? | Personal Finance News

New Delhi: The Reserve Bank has announced that it will launch Unified Lending Interface (ULI), a platform to ensure a smooth credit flow, particularly for smaller and rural borrowers. According to RBI Governor Shaktikanta Das, the ULI will revolutionize the financing landscape in India. The ULI is anticipated to be launched nationally in due course. […]

ABHISEK RAJPUT

August 27, 2024

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AU Small Finance Bank Submits Application To RBI For Universal Bank Licence | Economy News

New Delhi: AU Small Finance Bank (AUSFB) on Tuesday submitted an application to the RBI seeking approval for a universal bank licence. The RBI in April invited applications from small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, for becoming regular or universal banks. AUSFB submitted an application to […]

ABHISEK RAJPUT

September 3, 2024

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Axis Bank Fined Rs 1.91 Crore, HDFC Bank Fined Rs 1 Crore By RBI On THESE Charges | Personal Finance News

New Delhi: Reserve Bank Of India (RBI) has imposed Rs 2.91 crore monetary penalty on Axis Bank Limited and HDFC Bank Limited over non-compliance of the central bank’s directives. “The Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank was conducted by RBI with reference to its financial position as on March 31, 2022. […]

ABHISEK RAJPUT

September 11, 2024

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Bad Loans Drop To 12-Year Low, Boosting Growth Momentum: RBI Report | Personal Finance News

New Delhi: The decline in bad assets of banks to a 12-year low of 2.8 per cent and strong GDP numbers will help in sustaining the growth momentum and withstanding global shocks, said the Reserve Bank’s Financial Stability Report (FSR) released on Thursday. The real gross domestic product (GDP) rose by 8.2 per cent in […]

ABHISEK RAJPUT

June 27, 2024

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Bank Holiday Alert: Will Banks Be Open Or Closed On Saturday, July 13? Find Out Here | Personal Finance News

New Delhi: Banks in India are closed on the second and fourth Saturdays of each month as well as on Sundays, national and regional holidays following Reserve Bank of India rules. Customers should plan their banking activities accordingly to avoid any disruptions on these bank holidays. The RBI has classified bank holidays into three categories: […]

ABHISEK RAJPUT

July 12, 2024

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Bank Holiday In THESE States Today For Milad-Un-Nabi — Check Full List | Personal Finance News

New Delhi: As per the RBI holiday guidelines, banks are closed on account of gazetted and non-gazetted holidays depending on regional festivities and functions. Banks across several states will remain closed today (September 16) on account of Milad-un-Nabi or Id-e Milad (Birthday of Prophet Mohammad) (bara vafat). Banks in Ahmedabad, Aizawl, Belapur, Bengaluru, Chennai, Dehradun, Andhra Pradesh, Telangana, […]

ABHISEK RAJPUT

September 16, 2024

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Bank Holidays In August 2024: Are Banks Open Or Closed This Saturday August 10? Check Here | Personal Finance News

Bank Holidays In August 2024: In the busy corporate life, many individuals reserve their bank-related work for Saturdays. However, all super-busy individuals should note that banks are open only on the first, third, and fifth Saturdays of the month (if applicable). Banks are closed on the second and fourth Saturdays. Hence, today all banks are closed […]

ABHISEK RAJPUT

August 10, 2024

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Bank Holidays In June 2024: Bank To Remain Close For Atleast 12 Days In June; Check Full Details Here | Personal Finance News

New Delhi: As the new month of June 2024 is coming with it comes some days off from the banks in India. According to the Reserve Bank of India’s holiday calendar 2024, all national and private banks in India, including the State Bank of India (SBI), will have at least 12 holidays in June 2024.  […]

ABHISEK RAJPUT

May 28, 2024

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Bharat Bill Payment System: Full List Of Bank Credit Card Billers That Are Live On BBPS | Personal Finance News

New Delhi: The Reserve Bank of India has made it mandatory that all credit outstanding repayments must be routed through the Bharat Bill Payment System (BBPS)- managed by the National Payments Corporation of India (NPCI). The revised norms to streamline the process of bill payments is applicable from 1 July 2024. Bharat Bill Payment System […]

ABHISEK RAJPUT

July 15, 2024

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Buddha Purnima Holiday: Banks To Remain Closed In THESE Cities & States On May 23 | Personal Finance News

New Delhi: Banks in certain states will remain closed for Buddha Purnima on May 23, Wednesday, as per the Reserve Bank of India’s (RBI) holiday list. This includes both private and public sector banks. However, even though the banks will be closed digital banking services will remain available in these states. Bank Holiday for Buddha […]

ABHISEK RAJPUT

May 22, 2024

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Budget 2024: Nirmala Sitharaman To Present Union Budget On July 23— Details Here | Personal Finance News

New Delhi: Finance Minister Nirmala Sitharaman will present the Union Budget 2024-25 on July 23, as announced by Parliamentary Affairs Minister Kiren Rijiju on Saturday. The Budget Session of Parliament will begin on July 22 and continue until August 12. “Hon’ble President of India, on the recommendation of the Government of India, has approved the […]

ABHISEK RAJPUT

July 6, 2024

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Cheque Clearance In Just A Few Hours –Here’s All About RBI’s Latest Announcement | Personal Finance News

New Delhi: The Reserve Bank of India (RBI) on Thursday proposed measures to speed up clearance of cheques from cycle of up to two working days to just a few hours. RBI Governor Shaktikanta Das, announcing the outcome of the three-day Monetary Policy Committee (MPC) meeting proposed to transition Continuous Clearing of Cheques under Cheque […]

ABHISEK RAJPUT

August 8, 2024

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