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RBI issues stricter norms to curb mis-selling of financial products
The regulator also laid out a broad definition of mis-selling,...
RBI says fully prepared for ‘Mythos’ cyber threat; advisories issued to regulated entities
"We have issued the required advisories. We remain fully prepared...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to the Germanwatch Global Climate Risk Index 2025, which tracked events between 1993 and 2022.During this period, India experienced over 400 extreme weather events, resulting in at least 80,000 deaths and...
Bank unions to go on nationwide strike on January 27 to press for 5-day work week
Most of the public sector banks have already informed their customers about the disruption in banking services if the strike materialises New Delhi:Bank employee unions have decided to go on a nationwide strike on January 27 to press for a long-pending demand for a...
RBI issues norms for internal ombudsman in banks, NBFCs
The directions have been issued with a view to strengthening the internal grievance redress mechanism within regulated entities and ensuring a speedy and meaningful resolution of customer complaints by enabling a review by an apex-level authority within the entities,...
Indian households turn investors, bank deposits surge: SBI report
"Indian households across states are turning from savers to investors. Juxtaposing incremental deposits between FY20-25 and incremental investors during the same period reveals states such as Gujarat, West Bengal, Madhya Pradesh, Andhra Pradesh and Karnataka, etc....
Protect customers from the menace of rising digital frauds: Malhotra
Sanjay Malhotra,Governor,Reserve Bank of India "A key element of this endeavour should be to protect customers from the menace of rising digital frauds, which has engaged national attention. While banks and other regulated entities individually should continue to...
Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests. The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now. By introducing a clearly defined eligibility criteria based on net worth, market...
PSB consolidation to gain momentum in 2026 as govt eyes big world-class banks
As far as the insurance sector is concerned, the year saw the passage of the landmark Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, from Parliament, paving the way for 100 per cent FDI in the sector. New Delhi: Consolidation in public sector banks...
RBI postpones 2nd phase of quicker cheque clearing mechanism
In the second phase, the banks are required to clear cheques within three hours of realisation in the cheque truncation system. "Implementation of Phase 2 is being postponed, until further notice, to allow more time for banks to streamline their operations," the...
Loans against gold jewellery recorded triple-digit growth rates since February 2025: RBI Bulletin
A sharp rise in gold-backed lending in recent months points to a significant shift in household financial behaviour, as families increasingly tap into idle gold assets to meet consumption and liquidity needs amid evolving economic conditions, it said. Mumbai: Bank...
Over 1000 banks, third party apps, payment firm join DoT’s Digital Intelligence Platform
The Department of Telecom said that the players that have joined Digital Intelligence Platform (DIP) have started fraud risk indicators that have helped in preventing potential financial losses of approximately Rs 660 crore across the banking ecosystem New Delhi:Over...